At the end of 2019, Alonzo Company's manufacturing inventory and expense accounts held the following costs....

Transcribed Image Text:

At the end of 2019, Alonzo Company's manufacturing inventory and expense accounts held the following costs. Work in Process Inventory Direct Materials P120.000 Direct Labor Factory Overhead P60.000 Finished Goods Inventory Cost of Goods Sold P190.000 P350,000 P100,000 P250,000 P580,000 P300,000 P480,000 Alonzo's accountant applied overhead during the year using a budgeted rate of PB 40 per hour. At year end, they computed the actual rate of P10.00 per machine hour. The beginning balances of both work in process inventory and finished goods inventory were zero. How much is the over or under applied overhead? (provide amount only) Question 47 Problem 3 At the end of 2019, Alonzo Company's manufacturing inventory and expense accounts held the following costs Work in Process Inventory Finished Goods Inventory Cost of Goods Sold P190,000 P350,000 P100.000 P250,000 P580,000 P300,000 P480,000 Direct Materials P120.000 Direct Labor Factory Overhead P60,000 2 pts Alonzo's accountant applied overhead during the year using a budgeted rate of PB.40 per hour. At year end, they computed the actual rate of P10.00 per machine hour. The beginning balances of both work in process inventory and finished goods inventory were zero. How many machine hours worked during 2019 Question 48 2 pts D Question 46 Problem 3 At the end of 2019, Alonzo Company's manufacturing inventory and expense accounts held the following costs. Work in Process Finished Goods Inventory Cost of Goods Sold Inventory Direct Materials P120,000 P190,000 P350,000 Direct Labor P100,000 P250.000 P580,000 Factory Overhead P60,000 P300.000 P480.000 2 pts Alonzo's accountant applied overhead during the year using a budgeted rate of P8 40 per hour. At year end, they computed the actual rate of P10.00 per machine hour. The beginning balances of both work in process inventory and finished goods inventory were zero Over/underapplied overhead are to be allocated to appropriate inventories How much is the share of the Work in Process inventory on the computed over/underapplied overhead? Question 47 2pb n Question 45 Problem 3 At the end of 2019, Alonzo Company's manufacturing inventory and expense accounts held the following costs. Work in Process Finished Goods Inventory Cost of Goods Sold Inventory Direct Materials P120.000 P190,000 P350.000 Direct Labor P100,000 P250,000 PS80,000 Factory Overhead P60,000 P300,000 P480.000 2 pts Alonzo's accountant applied overhead during the year using a budgeted rate of PB 40 per hour. At year end, they computed the actual rate of P10.00 per machine hour. The beginning balances of both work in process inventory and finished goods inventory were zero. Over/underapplied overhead are to be allocated to appropriate inventories How much is the share of the Cost of Goods Sold on the computed over/underapplied overhead? Question 46 At the end of 2019, Alonzo Company's manufacturing inventory and expense accounts held the following costs. Work in Process Inventory Direct Materials P120.000 Direct Labor Factory Overhead P60.000 Finished Goods Inventory Cost of Goods Sold P190.000 P350,000 P100,000 P250,000 P580,000 P300,000 P480,000 Alonzo's accountant applied overhead during the year using a budgeted rate of PB 40 per hour. At year end, they computed the actual rate of P10.00 per machine hour. The beginning balances of both work in process inventory and finished goods inventory were zero. How much is the over or under applied overhead? (provide amount only) Question 47 Problem 3 At the end of 2019, Alonzo Company's manufacturing inventory and expense accounts held the following costs Work in Process Inventory Finished Goods Inventory Cost of Goods Sold P190,000 P350,000 P100.000 P250,000 P580,000 P300,000 P480,000 Direct Materials P120.000 Direct Labor Factory Overhead P60,000 2 pts Alonzo's accountant applied overhead during the year using a budgeted rate of PB.40 per hour. At year end, they computed the actual rate of P10.00 per machine hour. The beginning balances of both work in process inventory and finished goods inventory were zero. How many machine hours worked during 2019 Question 48 2 pts D Question 46 Problem 3 At the end of 2019, Alonzo Company's manufacturing inventory and expense accounts held the following costs. Work in Process Finished Goods Inventory Cost of Goods Sold Inventory Direct Materials P120,000 P190,000 P350,000 Direct Labor P100,000 P250.000 P580,000 Factory Overhead P60,000 P300.000 P480.000 2 pts Alonzo's accountant applied overhead during the year using a budgeted rate of P8 40 per hour. At year end, they computed the actual rate of P10.00 per machine hour. The beginning balances of both work in process inventory and finished goods inventory were zero Over/underapplied overhead are to be allocated to appropriate inventories How much is the share of the Work in Process inventory on the computed over/underapplied overhead? Question 47 2pb n Question 45 Problem 3 At the end of 2019, Alonzo Company's manufacturing inventory and expense accounts held the following costs. Work in Process Finished Goods Inventory Cost of Goods Sold Inventory Direct Materials P120.000 P190,000 P350.000 Direct Labor P100,000 P250,000 PS80,000 Factory Overhead P60,000 P300,000 P480.000 2 pts Alonzo's accountant applied overhead during the year using a budgeted rate of PB 40 per hour. At year end, they computed the actual rate of P10.00 per machine hour. The beginning balances of both work in process inventory and finished goods inventory were zero. Over/underapplied overhead are to be allocated to appropriate inventories How much is the share of the Cost of Goods Sold on the computed over/underapplied overhead? Question 46