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.

Answer rating: 100% (QA)

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