The budget for 2020 included 9,000 direct labor hours and a total overhead budget of P53,000 What is the balance of materials inventory at the end? 16. 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 21300 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. The budget for 2020 included 9,000 direct labor hours and a total overhead budget of P63,000 What is the factory overhead under or over applied? 17. Combate Company uses a job order cost system and applies factory overhead on the basis of the direct labor cost. The overhead rates for 2020 are 200% for department A and 50% for Department B. Job 123, started and completed during 2020 was charged with the following costs: Department A Department B Direct materials P25,000 P5,000 Direct labor ? 30,000 Factory overhead 40,000 ? What is the total manufacturing costs associated with Job 123? Peter Senen company manufactures tools to customer specifications. The following data pertain to Job 222 for the month of February Direct materials used P4,200 Direct -labor hours worked 300 Direct-labor rate per hour P8.00 Machine hours used 200 Applied factory overhead rate per hour P15.00 What is the total manufacturing cost recorded on Job 222 for February? 18. Grace Company used a predetermined ratew during 2020 of P2 per direct labor hour, based on an estimate of 20,000 direct labor hours to be worked during the year. Actual costs and activity during 2020 were: Actual manufacturing overhead cost incurred P30,000 Actual direct labor hours worked 18,000 What would be the under or overapplied overhead for 2020