Question
The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred the following costs for the year Materials P100,
The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred the following costs for the year
Materials P100, 000 (10% is indirect materials)
Labor P200, 000 (7% is indirect labor)
Factory Overhead 120% of direct labor cost
WIP January 1 P1x 25, 500
WIP December 31 P27, 000
How much is the Total manufacturing cost?
WIP January 1 P1x 25, 500
WIP December 31 P27, 000
How much is the total prime cost?
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The Sixth International Congress On Accounting 1952
Authors: Various
1st Edition
0367512807, 9780367512804
