Narra Marketing Corp. uses j ob-order cost system. It has three production departments, X, Y and Z. The manufacturing budget cost for 2013 is as follows: Dept. X P600,000.00 200,000.00 Dept. Y...


Narra Marketing Corp. uses j ob-order cost system. It has three production<br>departments, X, Y and Z. The manufacturing budget cost for 2013 is as<br>follows:<br>Dept. X<br>P600,000.00<br>200,000.00<br>Dept. Y<br>P400,000.00<br>1,500,000.00<br>100,000.00<br>Dept. Z<br>P200,000.00<br>1,500,000.00<br>Direct Materials<br>Direct Labor<br>Mfg. Overhead<br>600,000.00<br>200,000.00<br>For Job No. 01-90 completed in 2013,direct material cost was P75,000.00; direct labor, Dept. X, P40,000.00, Dept. Y,<br>P100,000.00, Dept Z, P20,000.00. The corporation applies manufacturing overhead to each job on the basis of direct<br>labor cost using department rates predetemined at the beginning of the year based on the manufacturing budget<br>cost.<br>The total manufacturing cost of Job No. 01-90 is:<br>P235,000<br>P310,000<br>P280,000<br>P150,000<br>

Extracted text: Narra Marketing Corp. uses j ob-order cost system. It has three production departments, X, Y and Z. The manufacturing budget cost for 2013 is as follows: Dept. X P600,000.00 200,000.00 Dept. Y P400,000.00 1,500,000.00 100,000.00 Dept. Z P200,000.00 1,500,000.00 Direct Materials Direct Labor Mfg. Overhead 600,000.00 200,000.00 For Job No. 01-90 completed in 2013,direct material cost was P75,000.00; direct labor, Dept. X, P40,000.00, Dept. Y, P100,000.00, Dept Z, P20,000.00. The corporation applies manufacturing overhead to each job on the basis of direct labor cost using department rates predetemined at the beginning of the year based on the manufacturing budget cost. The total manufacturing cost of Job No. 01-90 is: P235,000 P310,000 P280,000 P150,000

Jun 10, 2022
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