The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred

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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?

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Accounting Principles

ISBN: 978-1118875056

12th edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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Posted Date: May 10, 2024 05:51 AM

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The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred

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To calculate the total manufacturing cost and total prime cost we need to determine the direct mater... View the full answer

Accounting Principles

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