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Hi, kindly need answers for these with solutions. Studying for a test and having a hard time! Thanks for your help. :) Nos. 28&29 are

Hi, kindly need answers for these with solutions. Studying for a test and having a hard time! Thanks for your help. :) image text in transcribed
Nos. 28&29 are based on the following information: PPE Corporation requisitioned 45,000 of direct materials in August and used P40,000 of direct labor. Job A3B was ordered by a customer on August 25. The job was not finished by the end of the month but needed an additional P30,000 of direct materials and additional direct labor of P65,000 to finish the job in September. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. 28. The WORK-IN-PROCESS balance at the end of August relative to Job A3B amount to P. 29. The TOTAL COST of the job when it is completed in September amount to P. Nos. 30&31 are based on the following information: The following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was 3,187,200. A total of 30,000 direct labor hours and 10,400 machine hours were worked on the job. The direct labor wage rate is P70 per labor hour. The company applies manufacturing overhead on the basis of machine hours. The predetermined overhead rate per machine hour is 80% of the direct labor wage rate per labor hour. A total of 80,000 units were produced. The mark-up on the product is 50%. 30. The TOTAL COST for Job 501 on its job cost sheet would be P 31. The UNIT PRODUCT COST for Job 501 would be P The UNIT SELLING PRICE for Job 501 would be P

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