Question
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
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