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can you please help me ans. this exercise 6 and 7 plans. veasured her focal Exercise 6: Job order costing Dumanggas Manufacturing Corp. uses job
can you please help me ans. this exercise 6 and 7
plans. veasured her focal Exercise 6: Job order costing Dumanggas Manufacturing Corp. uses job order costing for its products. In March, 19B, three jobs were placed in process, namely: Job Order No. 005 - for 100 garden stools Job Order No. 006 - for 120 chairs Job Order No. 007 - for 10 bookcases The factory costs for the month are as follows: Direct materials cost: Job Order No. 005 P 8,000 006 10,000 007 7,000 P 25,000 valuate, budgets. ists. able and Direct labor cost: Job Order No. ct to the 005 006 007 P 3,000 4,000 3,500 10,500 Factory overhead applied (80% of direct labor cost) Total debit to work in process ound. 8,400 P 43,900 ir meter. Jobs 005 and 007 are finished during the month. Instruction: Compute for (a) cost of goods manufactured showing breakdown by jobs and (b) cost of work in process inventory as of March 31, 19B. egal and Exercise 7: Process costing Bulacan Manufacturers, Inc. operates two department and uses process costing for its sole product. For April, 19B, it produces 12,000 units of the product. There is no beginning nor ending inventory. The production costs are as follows: o process Department I P80,000 35,000 Department II P70,000 25,000 Material cost Labor cost Factory overhead rate based on direct labor cost 60% 50% andard- Instruction: Compute for cost per unit in each department and per finished unitStep by Step Solution
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