Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lucena Manufacturing Co. charges factory overhead to production at 80% of direct labor cost. Jobs 842 and 843 were completed and sold in July, 20B.

Lucena Manufacturing Co. charges factory overhead to production at 80% of direct labor cost. Jobs 842 and 843 were completed and sold in July, 20B. Total direct materials cost and prime cost for Job 842 were P9,000 and P14,000, respectively. Production cost of Job 843 amounted to P31,200 with factory overhead equal to 48% of direct materials cost. How much were the direct labor costs of Jobs 842 and 843?

Step by Step Solution

3.46 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

Job 842 Direct materials cost P9000 given Prime cost direct materials direc... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Susan V. Crosson, Belverd E. Needles

8th Edition

9780618777174, 618777180, 618777172, 978-0618777181

More Books

Students also viewed these Accounting questions

Question

What is job rotation ?

Answered: 1 week ago