The total cost assigned to job 777C is P24,000 which includes direct materials cost of P6,000. The factory overhead is applied to work in process at 150% of direct labor cost. What is the amount of direct labor cost charged and factory overhead applied to job 777C?

 

2. The TOYO Manufacturing Company has the following financial information:

·         Manufacturing overhead         P300,800

·         Direct materials increased by    130, 000

·         Work in process increased by     90, 000

·         Finished goods decreased by    320, 400

Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.

How much is the cost of goods sold?

 

3. The TOYO Manufacturing Company has the following financial information:

·         Manufacturing overhead        300,800
·         Increase in direct materials     130, 000
·         Increase in work in process      90, 000
·         Decrease in finished goods      320, 400

Manufacturing overhead amounts to 50% of direct labor, and the direct labor and manufacturing overhead combined equal 50% of the total cost of manufacturing.

How much is the costs of direct materials purchased?

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Question 1 To calculate the direct labor cost charged and the factory overhead applied to job 777C w... View the full answer