Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mangga, Inc. employs a job order cost system. Its manufacturing activities in July, 2011, its first month of operations, are summarized as follows: Job numbers

Mangga, Inc. employs a job order cost system. Its manufacturing activities in July, 2011, its

first month of operations, are summarized as follows:

Job numbers

201 202 203 204

Direct materials P 7,000 P 5,800 P 11,600 P 5,000

Direct labor cost P 6,600 P 6,000 P 8,400 P 2,400

Direct labor hours 1,100 1,000 1,400 400

Units produced 200 100 1,000 300

Manufacturing overhead is applied at a rate of P 2 per direct labor hour to variable overhead, P 3

per hour for fixed overhead.

Jobs 201, 202, and 203 were done in July.

What is the cost of completed jobs?

 

 calculate.

Step by Step Solution

3.47 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the cost of completed jobs we need to determine the total manufacturing cost for each c... 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

Step: 3

blur-text-image

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

Financial and Managerial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

12th edition

978-1133952428, 1285078578, 1133952429, 978-1285078571

More Books

Students also viewed these Accounting questions