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Meme

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zeref dragneel
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13 views1 page

Meme

Uploaded by

zeref dragneel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Meme Co.

uses a job order costing system and has the following information for the first week of June
2002:

1. Direct labor and direct materials used:

Job No. Direct Material Direct Labor Hours

498 P1,500 116

506 960 16

507 415 18

508 345 42

509 652 24

511 308 10

512 835 30

Total P5,015 256

2. The direct labor wage rate is P4 per hour.

3. The overhead rate is P5 per direct labor hour.

4. Actual overhead costs for the week, P1,480.

5. Jobs completed: Nos. 498, 506, and 509.

6. The factory had no work in process at the beginning of the week.

Required:

a. Prepare a summary that will show the total cost assigned to each job.

b. Compute the amount of overhead over- or underapplied during the week.

c. Calculate the cost of the work in process at the end of the week.

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