24. Pretty Corporation, which uses a job costing system, had two jobs in process at the start of machine co Mahine homes

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24 Pretty Corporation Which Uses A Job Costing System Had Two Jobs In Process At The Start Of Machine Co Mahine Homes 1 (106.91 KiB) Viewed 27 times

24. Pretty Corporation, which uses a job costing system, had two jobs in process at the start of machine co Mahine homes BB 8B 2010: job no. 101 (P205,000) and job no. 102 (P159,500). The following information is available: weights G The company applies manufacturing overhead on the basis of machine hours. Budgeted overhead and machine activity for the year were anticipated to be P820,000 and 20,000 hours, respectively. 9 The company worked on three jobs during the first quarter. Direct materials used, direct labor incurred, and machine hours consumed were: Job No. Direct Material - BFO/base Direct Labor Machine Hours actual 101 P128,000 P185,000/00, X 800 = 7,400 102 100,000 135,000/26,00 800 - 5,400 x 103 137,000 135,000/20,0 x 1,200 = 8,100 20,900 no Manufacturing overhead during the first quarter included charges for depreciation (P150,000), indirect labor (P190,000), indirect materials used (P24,000), and other factory costs (208,700). ● 8700 Pretty completed job no. 101 and job no. 102, Job no. 101 was sold for cash, producing a profit of P200,600 for the firm. How much is the cost of the completed jobs? 7,700 25. Referring to Pretty Company, How much is the Work in Process at the end? 26. The following selected information was extracted from the 2012 accounting records of