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Question 8 (1 point) The Work in Process account of L. Han Company showed the following: Work in Process Jan 1 Balance P250,000 Finished Goods
Question 8 (1 point) The Work in Process account of L. Han Company showed the following: Work in Process Jan 1 Balance P250,000 Finished Goods 1,254,500 Direct Material Used 500,000 Direct Labor 400,000 Applied FOH 300,000 Factory overhead is applied to production at a predetermined rate based on direct labor cost. The work in process on January 31 represents the cost of Job# 888 which has a direct labor cost of P30,000 and Job#899 with applied factory overhead of P24,000. Determine the: Note: Do NOT put any peso sign. 1. Predetermined factory overhead rate for the year. Note: Do not put % sign. A Question 9 (1 point) 2. Cost of direct materials charged to Job #888 and Job #899. Note: DO NOT PUT peso sign or decimal places. PUT comma. AY Question 10 (1 point) The Work in Process of Bangerz Company showed the following: Work in Process Materials 38,750Finished Goods 93,750 Direct Labor 36,875 Factory Overhead 29,500 Materials charged to the only job still in process amounted to P8,000. Factory overhead is applied at a predetermined percentage of direct labor cost. Determine the: Note: Do NOT put peso sign, percentage sign or decimal places. PUT commas. 1. Predetermined factory overhead rate. A/ Question 11 (1 point) 2. Direct labor cost contained in Finished Goods inventory account. A Question 12 (1 point) 3. Factory overhead included in Finished Goods inventory account
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