Question
The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred the following costs for the year MaterialsP75, 000
The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred the following costs for the year
MaterialsP75, 000 (10% is indirect materials)
LaborP97, 000 (7% is indirect labor)
Factory Overhead125% of direct labor cost
WIP - January 1P25, 500
WIP - December 31P27, 000
How much is the Total manufacturing cost?
How much is the total prime cost?
Step by Step Solution
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Step: 1
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Step: 2
Step: 3
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
