Danielle Corporation uses job order cost accumulation Manufacturing-related costs for November, 2018 were: Work in process, Nov. 1 (Job 50)............ .....P108,000 procedures Materials and supplies requisitioned for: Job 50....... D Job 51....... ...... 90,000 75,000 DIRECT Job 52......... ID Supplies........... Factory direct labor hours: Job 50........ Job 51....... Job 52.......... Labor costs: Direct labor wages.... OH - Indirect labor wage.......... Supervisory salaries.... material ....... 51,000 4,000 Incl Rect material 3,500 3,000 2,000 .P204,000 ..... 30,000 Building occupancy costs........ Factory equipment depreciation....... Other factory costs....... .... 18,000 14,000 12,000 ...... 15,000 Jobs 50 and 51 were completed during November, 2018. The pre-determined factory overhead rate is P11.00 per direct labor hour. REQUIRED: 1. Compute the total cost of Job 50. 2. Determine the factory overhead costs applied to Job 52 during Nov. 3. Compute the total factory overhead costs applied during Nov. 4. Determine the actual Nov. factory overhead incurred. 5. How should Danielle dispose of any over- or under-applied factory overhead assuming that the amount is not significant in amount in relation to total factory overhead? EXERCISE 11-9 The president of Florence Corporation has been critical of the product costing methods whereby factory overhead is charged to products by a plant-wide overhead rate. The chief accountant suggested a departmentalization of the factory for the purpose of calculating departmental factory overhead rates. The following estimated direct departmental overhead data on an annual basis were accumulated: PRODUCING DEPARTMENTS SERVICE DEPARTMENTS Dept. 10 Dept. 12 Dept. 14 Store- room Repairs & General Maintenance Factory Supervision P205,000 P160,000 P140,000 P72,000 P80,000 P240,000 Indirect labor 54,000 60,000 80,000 61,330 72,000 180,000 Indirect supplies 48,500 56,000 54,300 14,000 36,510 10,700 Labor fringe costs 68,720 93,490 101,450 6,400 7,600 21,000 Depreciation-eqpt. 60,000 80,000 100,000 5,600 17,400 11,000 Property tax, depre- 200,000 ciation, bldg., etc. Totals P213,510 P662,700 P436,220 P449,490 P475,750 P159,330 The annual light and power bill is estimated at P93,000 and is allocated on the basis of electricity usage. The order and bases of distribution of service department expenses (using the step method) are as follows: (1) General Factory-area occupied, (2) Storeroom- estimated requisitions, and (3) Repairs & Maintenance- estimated R&M hours. The following departmental information is provided: Dept. 10 Dept. 12 Dept. 14 Store- room Repairs & Maintenance General Factory Percentage of elect- 20% 25% 30% 3% 12% 10% ricity usage Area occupied 21,000 25,200 29,400 3,360 5,040 (sq. ft.) Estimated number. 124,200 81,000 40,500 24,300 of requisitions Estimated number 4,800 4,200 6,000 R&M hours Estimated direct 80,000 90.000 80,000 labor hours REQUIRED: 1. Prepare a factory overhead distribution sheet, with calculation of overhead rates for the producing departments based on direct labor hours.