Ong Company applies factory overhead using a percentage of direct labor cost. Costs for the year 2018 have been estimated as follows: Direct labor cost Factory overhead cost During January 2018, costs were recorded as follows: Direct labor cost Factory overhead costs P120,000 96,000 Compute for (1) The applied factory overhead costs for January, and (2) overapplied-underapplied factory overhead costs amounted: Direct materials used Direct labor Indirect labor P8,000 7,200 27. Chan Corporation uses job order costing. Factory overhead cost is applied to all production activities at the rate of P7 per direct labor hour based on predetermined annual estimates. The following infor- mation were available for the year ended December 31, 2018: Rent-factory building Indirect materials used Other factory overhead costa Direct labor hours worked P250,000 300,000 6,000 60,000 8,000 40,000 16,000 There were no work in progress inventories or finished job invento- ries at either the beginning or end of the year. Compute for: (1) the total factory overhead costs for the year; (2) factory overhead applied to jobs completed during the year, and (3) cost of goods sold for the year based on applied factory overhead: 28. The Arlyn Company uses job order costing. Overhead applied to pro- duction is at a predetermined rate of 80% based on direct labor costs. The following accounts appear in the general ledger of the company for the month of April 2018: On April 30, 2018 finished goods completed from work in process cost P320,000. Job No. 30 was the only job not completed in April and had been charged P9,200 for factory overhead. The cost of Job No. 30 at April 30 was: . Debita Work in process, April 1 Direct Materials Direct Labor Factory overhead 29 Taal Corporation manufactures rattan furniture sets for export, us- ing the job order costing for its costs. For the year ended December 31, 2018, you obtained the following information: . P 60,000 120,000 100,000 80,000 . Work in process, January 1, 2018 was 20% less than the work. in-process inventory on December 31, 2018. Total manufacturing costs added during 2018 was P900,000 based on actual direct materials and direct labor, while factory over- head was applied on actual direct labor costs. Factory overhead applied to work in process was 72% of direct labor costs. Applied factory overhead for the year was 25% of total factory costs. Cost of goods manufactured, also based on actual direct materi- als, actual direct labor and applied factory overhead, was P850,000. Compute for: (1) the Direct Materials used, and (2) Work in Process Inventory on December 31, 2018: on DOLE