Aries Corporation manufactures eighteenth – century, classical – style furniture. It uses a job costing system that applies factory overhead on the basis of direct labor – hours. Budgeted factory...

Aries Corporation manufactures eighteenth – century, classical – style furniture. It uses a job costing system that applies factory overhead on the basis of direct labor – hours. Budgeted factory overhead for the year 2014 was P1,235,475, and management budgeted 86,700 direct labor – hours. These transactions were recorded during August: