Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The work in process account of Malinta Company, which uses job order cost system, follows: April 1 balance Work in process P25.000 Finished goods

 


The work in process account of Malinta Company, which uses job order cost system, follows: April 1 balance Work in process P25.000 Finished goods P125.450 Direct materials 50.000 Direct labor 40,000 Overhead applied 30,000 Overhead is applied to production at a predetermined rate based on direct labor cost. The work in process April 30 represents costs of Job 456, which has been charged direct labor cost of P3,000 and Job 789 which has been charged with applied overhead of P2,400. The cost of direct materials charged to Job 456 and 789 amounted to:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Given Information Work in process April 1 balance P25000 Finished goods P125450 Direct materials P50... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Cost Accounting

Authors: Edward J. Vanderbeck

15th Edition

978-0840037039, 0840037031

More Books

Students also viewed these Accounting questions

Question

Describe how credibility forms a basis for persuasion.

Answered: 1 week ago