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Raw materials inventory, July 31 50,000 What is the total factory overhead? 13. Jane Company uses Job order costing system and applies manufacturing overhead to
Raw materials inventory, July 31 50,000 What is the total factory overhead? 13. Jane Company uses Job order costing system and applies manufacturing overhead to work in process using a predetermined annual overhead rate. During May 2020, Jane's transactions included the following: Direct materials issued to production P50,000 Indirect materials issued to production 4,000 Manufacturing overhead incurred 75,000 Manufacturing overhead applied 80,000 Direct labor costs 60,000 Jane had neither beginning nor ending work in process inventory. What was the cost of jobs completed in May 2020? 14. Krissy Company uses job order cost system. The following transactions were completed in January, which was the first month of operations: Received direct materials and supplies costing P20,000 Materials and supplies were requisitioned as follows: Direct materials Job 1 P3,000 Job 2 4,000 Job 3 1,000 P8,000 Indirect materials 1,000 Factory payroll was distributed as follows: Direct labor Job 1/200 hrs) P2,000 Job 2(300 hrs) 3,000 Job 31400 hrs) 4,000 9,000 Indirect labor 2,000 Other indirect manufacturing costs totaled P3,000 Indirect manufacturing costs are applied on the basis of direct labor hours. The budget for 2020 included 9,000 direct fabor hours and a total overhead budget of P63,000. How much factory overhead applied to production? 15. Krissy Company uses job order cost system. The following transactions were completed in January which was the first month of operations: Received direct materials and supplies costing P20,000 Materials and supplies were requisitioned as follows: Direct materials Job 1 P3,000 Job 2 4,000 Job 3 1,000 P8,000 Indirect materials 1,000 Factory payroll was distributed as follows: Direct labor Job 1(200 hrs) P2,000 Job 2(300 hrs) 3,000 Job 3(400 hrs) 4,000 9,000 Indirect labor 2,000 Other indirect manufacturing costs totaled P3,000 Indirect manufacturing costs are applied on the basis of direct labor hours
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