2. Webb Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #6, #9, and #13. Raw materials used, P400,000;...


2. Webb Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #6, #9, and #13.  Raw materials used, P400,000; Direct labor per hour, P68.50; Overhead applied based on direct labor cost, 120%.


Direct material was requisitioned as follows for jobs #6, #9 and #13, respectively: 30 percent, 25 percent, and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,500; 3,100; and 4,200; respectively. Indirect labor is P233,000. Other actual overhead costs totaled P536,000




What is the prime cost of job no. 6?



Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here