BESTIE Company had only one job in process on May 1. The job had been charged with ₱1,400 of direct materials, ₱6,192 of
Posted: Wed Jul 06, 2022 12:03 pm
BESTIE Company had only one job in processon May 1. The job had been charged with ₱1,400 of direct materials,₱6,192 of direct labor, and ₱5,712 of manufacturing overhead (MOH)cost. The company assigns overhead costs to jobs using thepredetermined overhead rate of ₱11.90 per direct labor hour. DuringMay, the following activity was recorded:
Work in process inventory on May 30 contains ₱ 4,773 of directlabor cost. Raw materials consist solely of items that areclassified as direct materials.
To dispose of the underapplied or overapplied overhead cost forthe month, the firm would record a(n)________________________________ .
The total manufacturing cost for the period was₱____________.
The balance in the raw materials inventory account on May 30 was₱____________.
The cost of goods manufactured for May 30 was ₱____________.
Raw materials (all direct materials) Beginning balance Purchased in the month Used in production Labor during the month DL hours worked DL costs incurred Actual MOH cost incurred Inventories: Raw materials, May 30 Work in process, May 30 $ 8,500 48,000 51,800 1,900 24,510 $ 21,000 ? $ 19,536
- Bestie Company Had Only One Job In Process On May 1 The Job Had Been Charged With 1 400 Of Direct Materials 6 192 Of 1 (72.13 KiB) Viewed 12 times
To dispose of the underapplied or overapplied overhead cost forthe month, the firm would record a(n)________________________________ .
The total manufacturing cost for the period was₱____________.
The balance in the raw materials inventory account on May 30 was₱____________.
The cost of goods manufactured for May 30 was ₱____________.
Raw materials (all direct materials) Beginning balance Purchased in the month Used in production Labor during the month DL hours worked DL costs incurred Actual MOH cost incurred Inventories: Raw materials, May 30 Work in process, May 30 $ 8,500 48,000 51,800 1,900 24,510 $ 21,000 ? $ 19,536