Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Numbers 9, 10, 11, 12 and 13 Bacolod Manufacturing Corp. has the following cost of production data for the year: Work-in-process beginning: Direct materials
Numbers 9, 10, 11, 12 and 13 Bacolod Manufacturing Corp. has the following cost of production data for the year: Work-in-process beginning: Direct materials Direct labor Applied overhead Job 03 Job 04 2,400 1,500 3,600 2,880 ? ? Finished goods beginning: Job 01 Job 02 Direct materials 18,000 1,500 Direct labor 24,000 2,880 Applied overhead ? ? Total manufacturing cost added during the year: Job 03 Job 04 Job 05 Job 06 Direct materials 10,920 13,200 36,000 4,800 Direct labor 14,400 16,800 42,000 7,200 Applied overhead ? ? ? ? At the end of the year, Job 03, Job 04, Job 05, were completed. The predetermined overhead rate was 65% of direct labor cost. Actual overhead at the end of the year was P33,000. 9. What is the cost of goods manufactured at the end of the year? 10. What is the cost of goods manufactured for Job 03? 11. What is the cost of goods manufactured for Job 04? 12. What is the cost of goods manufactured for Job 05? 13. Assuming Job 06 was also completed, what is the cost of goods manufactured of Job 06?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started