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COST ACCOUNTING 1 Products at Redd Manufacturing are sent through two production departments: Fabricating and Finishing.

Overhead is applied to products in the Fabricating Department based on 150 percent of direct labor cost and P18 per machine hour in Finishing. The following information is available about Job #297: Direct material Direct labor cost Direct labor hours Machine hours Overhead applied Fabricating P1,590 ? 22 5 429 Finishing P580 48 6 15 ? D

What is the total cost of Job #297? a. P2,647 b. P3,005 c. P3,093 d. P3,203 Which of the following statements is false? a. A primary purpose of cost accounting is to determine valuations needed for external financial statements. b. A primary purpose of management accounting is to provide information to managers for use in planning, controlling, and decision making. c. The act of converting production inputs into finished products or services necessitates cost accounting. d. Two primary hallmarks of cost and management accounting are standardization of procedures and use of generally accepted accounting principles. Actual (rather than allocated) manufacturing overhead costs are included in the: a. Work-in-Process Control account b. Finished Goods Control account c. Manufacturing Overhead Control account d. Both a and b are correct. Anesni Corporation uses activity-based costing to determine product costs for external financial reports. The company has provided the following data concerning its activity-based costing system: Activity Cost Pools Machine related Batch setup General factory Expected Activity Activity Cost Pools Machine related ........ Batch setup ............... General factory ......... (and Activity Measures) Estimated Overhead Cost (machine-hours) ................... P242,100 (setups) ........................................ P713,900 (direct labor-hours) ................ P256,500 Total 9,000 11,000 9,000 Product X 6,000 6,000 1,000 Product Y 3,000 5,000 8,000

Assuming that actual activity turns out to be the same as expected activity, the total amount of overhead cost allocated to Product X would be closest to: A) P606,250 B) P579,300 C) P714,000 D) P661,000 Orzel Corporation has provided the following data concerning its overhead costs for the coming year: Wages and salaries ............ Depreciation ...................... Rent ................................... Total ................................... P240,000 120,000 180,000 P540,000

The company has an activity-based costing system with the following three activity cost pools and estimated activity for the coming year: Activity Cost Pool Assembly ........................... Order processing ................ Other .................................. Total Activity 10,000 labor-hours 500 orders Not applicable

The Other activity cost pool does not have a measure of activity; it is used to accumulate costs of idle capacity and organization-sustaining costs. The distribution of resource consumption across activity cost pools is given below: 1

COST ACCOUNTING Activity Cost Pools Wages and salaries ....... Depreciation ................. Rent .............................. Assembly 30% 15% 5% Order Processing 50% 35% 65% Other Total 20% 100% 50% 100% 30% 100%

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The activity rate for the Assembly activity cost pool is closest to: A) P2.70 per labor-hour B) P9.00 per labor-hour C) P9.90 per labor-hour D) P16.20 per labor-hour Iyer Corporation uses the FIFO method in its process costing system. The first processing department, the Forming Department, started the month with 14,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was P3,360. An additional 92,000 units were started into production during the month and95,000 units were completed and transferred to the next processing department. There were 11,000 units in the ending work in process inventory of the Forming Department that were 10% complete with respect to conversion costs. A total of P92,367 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month on the Forming Department's production report? (Round off to three decimal places.) A) P1.004 B) P0.990 C) P1.200 D) P0.903 A managerial accountant who prepares clear reports and recommendations after analyzing relevant facts is exercising which of the following standards? a. objectivity c. competence b. integrity d. confidentiality Heart Company uses a flexible budget system and prepared the following information for the year: Percent of Capacity 80 Percent 90 Percent Direct labor hours 24,000 27,000 Variable factory overhead P 54,000 P 60,750 Fixed factory overhead P 81,000 P 81,000 Total factory overhead rate per P5.625 P5.25 DLH Heart operated at 80 percent of capacity during the year, but applied factory overhead based on the 90 percent capacity level. Assuming that actual factory overhead was equal to the budgeted amount of overhead, how much was the overhead volume variance for the year? A. P 9,000 unfavorable C. P 9,000 favorable B. P15,750 unfavorable D. P15,750 favorable If actual indirect-cost rates were calculated monthly rather than annually, then for the month of February with only 28 days: a. variable indirect-cost rates would be lower b. total indirect-cost rates would be higher c. fixed indirect-cost rates would be lower d. monthly output would be higher The flexible budget for the month of May 2007 was for 9,000 units with direct material at P15 per unit. Direct labor was budgeted at 45 minutes per unit for a total of P81,000. Actual output for the month was 8,500 units with P127,500 in direct material and P77,775 in direct labor expense. Direct labor hours of 6,375 were actually worked during the month. Variance analysis of the performance for the month of May would show a(n): A. Favorable material quantity variance of P7,500. B. Unfavorable direct labor efficiency variance of P1,275. C. Unfavorable material quantity variance of P7,500. D. Unfavorable direct labor rate variance of P1,275. The following information should be used to answer Question Nos. 11 through 17. Due to erratic sales of its sole product - a high-capacity battery for laptop computers, Salcedo Company has been experiencing difficulty for some time. The companys income statement for the most recent month is given below: Sales (19,500 units @ P300) P5,850,000 Less variable expenses 4,095,000 Contribution margin 1,755,000 Less fixed expenses 1,800,000 Net loss P (45,000) .The break even in peso sales for Salcedo Company is:

COST ACCOUNTING A. P6,000,000 C. P5,852,756 B. P2,571,429 D. P7,500,000 The president believes that a P160,000 increase in the monthly advertising budget, combined with an intensified effort by the sales staff, will result in an P800,000 increase in monthly sales. If the president is right, what will be the effect on the companys monthly net income or loss? A. P120,000 increase C. P120,000 decrease B. P 80,000 increase D. P 80,000 decrease Refer to the original data. The sales manager is convinced that a 10% reduction in the selling price, combined with an increase of P600,000 in the monthly advertising budget, will cause unit sales to double. What will the new profit or loss if these changes are adopted? A. P 60,000 C. P 45,000 B. P(60,000) D. P(45,000) Refer to the original data. The Marketing Department thinks that a fancy new package for the laptop computer battery would help sales. The new package would increase packaging costs by P7.50 per unit. Assuming no other changes, how many units would have to be sold each month to earn a profit of P97,500? A. 21,818 C. 25,450 B. 23,000 D. 28,000 Refer to the original data. By automating certain operations, the company could reduce variable costs by P3 per unit. However, fixed costs would increase by P72,000 each month. How would the breakeven point in units change if the company automated the operations? A. 1,000 units increase C. 3,000 units increase B. 1,000 units decrease D. 3,000 units decrease At what level of production would the automation of the production process be indifferent to the present process? A. 18,000 C. 24,000 B. 21,000 D. 28,000 Which of the two methods (the present or the automated) has higher income at the level of sales of 26,000 units? A. Manual, P60,000 C. Manual, P240,000 B. Automated, P60,000 D. Automated, P240,000 The following data were compiled from the records of Cabral Company: Month Usage Cost Jan. 600 P750 Feb. 650 775 Mar. 420 550 Apr. 500 650 May 450 570 Using the high-low method, what is the fixed cost element (to the nearest peso)? A. P225 C. P411 B. P138 D. P364 The information below was obtained from the records of Bapst Company for the month of May. The company uses the FIFO method in its process costing system. Units Work in process inventory, May 1 ............ 3,000 Started into production .............................. 20,000 Work in process inventory, May 31 .......... 4,000 Percent Complete 30% 40%

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All materials are added at the beginning of the manufacturing process. The equivalent units for labor and overhead for the month are: A) 17,600 units B) 18,500 units C) 19,700 units D) 21,600 units The most likely strategy to reduce the breakeven point would be to A. Increase both the fixed costs and the contribution margin. B. Decrease both the fixed costs and the contribution margin. C. Decrease the fixed costs and increase the contribution margin. D. Increase the fixed costs and decrease the contribution margin. Broadway Company sells three products: A, B and C. Product A's unit contribution margin is higher than Product B's

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COST ACCOUNTING which is higher than Products C's. Which one of the following events is most likely to increase the company's overall break-even point? A. The installation of new automated equipment and subsequent lay-off of factory workers. B. A decrease in Product C's selling price. C. An increase in the overall market demand for Product B. D. A change in the relative market demand for the products, with the increase favoring Product A relative to Product B and Product C. The following costs were incurred in February: Direct materials ............................. Direct labor .................................... Manufacturing overhead ................ Selling expenses ............................ Administrative expenses ................ P39,000 P18,000 P14,000 P13,000 P29,000

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Prime costs during the month totaled: A) P71,000 B) P32,000 C) P113,000 D) P57,000 Hall Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 18,000units in its beginning work in process inventory that were 60% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was P64,800. An additional 84,000 units were started into production during the month and 78,000 units were completed in the Welding Department and transferred to the next processing department. There were 24,000 units in the ending work in process inventory of the Welding Department that were 30% complete with respect to conversion costs. A total of P431,520 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month?(Round off to three decimal places.) A) P5.825 B) P3.996 C) P5.137 D) P6.000 Ravelo Corporation has provided the following data from its activity-based costing system: Assembly ..................... Processing orders ......... Inspection .................... TOTAL COST P498,520 P54,263 P77,589 TOTAL ACTIVITY 44,000 machine-hours 1,100 orders 1,110 inspection-hours

Data concerning the companys product L19B appear below: Annual unit production and sales ..... Annual machine-hours ..................... Annual number of orders .................. Annual inspection hours ................... Direct materials cost ......................... Direct labor cost ............................... 430 990 70 20 P37.74 per unit P10.45 per unit

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According to the activity-based costing system, the average cost of product L19B is closest to: A) P48.19 per unit B) P82.31 per unit C) P85.56 per unit D) P77.53 per unit Place the following steps in the order suggested by the seven steps used to assign costs to individual jobs: A. Identify indirect costs B. Compute the total cost of the job C. Select cost-allocation bases D. Compute the indirect cost rate a. ACDB b. CADB c. BACD d. DCAB Rameau Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January.

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COST ACCOUNTING Units 5,600 47,000 50,300 2,300 40% Percentage 60%

complete Beginning work in process inventory .............................. Transferred in from the prior department during January ......................................................................... Completed and transferred to the next department during January ............................................................. Ending work in process inventory ...................................

The Molding Department's production report indicates that the cost per equivalent unit for conversion cost for January was P5.29. How much conversion cost was assigned to the ending work in process inventory in the Molding Department for January? A) P7,300.20 B) P12,167.00 C) P11,849.60 D) P4,866.80 Njombe Corporation manufactures a variety of products. In the past, Njombe has been using a traditional costing system in which the predetermined overhead rate was 150% of direct labor cost. Selling prices had been set by multiplying total product cost by 200%. Sensing that this system was distorting costs and selling prices, Njombe has decided to switch to an activitybasedcosting system for manufacturing overhead costs using three activity cost pools. Selling prices are still to be set at 200% of unit product cost under the new system. Information on these cost pools for next year are as follows: Activity Cost Pool Machine Setups ..... Quality Control ...... Other Overhead ..... Estimated Activity 400 Number of setups 1,500 Number of inspections 30,000 Machine hours Estimated Overhead Cost P150,000 P180,000 P480,000

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Information (on a per unit basis) related to three popular products at Njombe are as follows: Direct material cost ................ Direct labor cost ..................... Number of setups ................... Number of inspections ........... Number of machine hours ...... Model #19 P400 P810 2 1 4 Model #36 P540 P600 3 3 8 Model #58 P310 P220 1 1 10

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In comparing the traditional system with the activity-based costing system, which of Njombes Models had higher unit product costs under the traditional system? A) #19 B) #58 C) #19 and #58 D) #36 and #58 Which of the following is the most probable reason with a company would experience an unfavorable labor rate variance and a favorable labor efficiency variance? A. The mix of workers assigned to the particular job was heavily weighted toward the use of higherly paid, experienced individuals. B. The mix of workers assigned to the particular job was heavily weighted toward the use of new, relatively low paid, unskilled workers. C. Because of the productive schedule, workers from other production areas were assigned to assist in this particular process. D.Defective materials caused more labor to be used in order to produce a standard unit. Alpha Co. uses a job order costing system. At the beginning of January, the company had two jobs in process with the following costs: Job #456 Job #461 Direct Material P3,400 1,100 Direct Labor P510 289 Overhead P255 ?

Alpha pays its workers P8.50 per hour and applies overhead on a direct labor hour basis. During January, Alphas employees worked on Job #649. At the end of the month, P714 of overhead had been applied to this job. Total Work in Process at the end of the month was P6,800 and all other jobs had a total cost of P3,981. What amount of direct material is included in Job #649? 5

COST ACCOUNTING a. P 677.00 b. P1,391.00 c. P2,142.00 d. P4,658.00 Lamang Company changed its cost structure by increasing fixed costs and decreasing its per-unit variable costs. The change: A. Increases risk and increases potential profit. B. Increases risk and decreases potential profit. C. Decreases risk and decreases potential profit. D. Decreases risk and increases potential profit. The following data (in thousands of pesos) have been taken from the accounting records ofKarsten Corporation for the just completed year. Sales ...................................................................... Raw materials inventory, beginning ..................... Raw materials inventory, ending ........................... Purchases of raw materials .................................... Direct labor ............................................................ Manufacturing overhead ....................................... Administrative expenses ....................................... Selling expenses .................................................... Work in process inventory, beginning .................. Work in process inventory, ending ....................... Finished goods inventory, beginning .................... Finished goods inventory, ending ......................... P990 P70 P30 P100 P200 P160 P180 P150 P40 P70 P150 P130

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The cost of goods sold for the year (in thousands of pesos) was: A) P490 B) P450 C) P620 D) P600 Controllable costs are: A. Costs that management decides to incur in the current period to enable the company to achieve operating objectives other than the filling of orders placed by customers. B. Costs that are governed mainly by past decisions that established the present levels of operating and organizational capacity and that only change slowly in response to small changes in capacity. C. Costs that will unaffected by current managerial decisions. D. Costs that are likely to respond to the amount of attention devoted to them by a specified manager. The controller of Jema Company has requested a quick estimate of the manufacturing supplies that it needs for the month of July when the expected production are 470,000 units. Below are the actual data from the prior three months of operations. Production in units Manufacturing supplies March 450,000 P723,060 April 540,000 853,560 May 480,000 766,560 Using these data and the high-low method, what is the reasonable estimate of the cost of manufacturing supplies that would be needed for July? (Assume that this activity is within the relevant range.) A. P 805,284 C. P 755,196 B. P1,188,756 D. P 752,060 On January 1, 2007, Incremental Company increased its direct labor wage rates. All other budgeted costs and revenues were unchanged. How did this increase affect Incremental Companys budgeted breakeven point and budgeted margin of safety? A. B. C. D. Budgeted Break-even Increase Increase Decreas Decreas Point e e Expected Margin of Increase Decreas Decreas Increase Safety e e ____________ is (are) a strategy for dealing with environmental effects. a. End-of-pipe strategies

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COST ACCOUNTING b. Process improvements c. Pollution prevention d. All of the above Samson Candle Co. manufactures candles in various shapes, sizes, colors, and scents. Depending on the orders received, not all candles require the same amount of color, dye, or scent materials. Yields also vary, depending upon the usage of beeswax or synthetic wax. Standard ingredients for 1,000 pounds of candles are: Input: Standar Standard Cost per d Mix Pound Beeswax 200 lbs. 1.00 Synthetic wax 840 lbs. 0.20 Colors 7 lbs. 2.00 Scents 3 lbs. 6.00 Totals 1,050 lbs. 9.20 Standard output 1,000 lbs. Price variances are charged off at the time of purchase. During January, the company was busy manufacturing red candles for Valentines Day. Actual production then was: Input: In Pounds Beeswax 4,100 Synthetic wax 13,800 Colors 2,200 Scents 60 Total 20,160 Actual output 18,500 The material yield variance is: A. P 280 unfavorable C. P 280 favorable B. P3,989 unfavorable D. P3,989 favorable Ratcliff Company produces two products from a joint process: X and Z. Joint processing costs for this production cycle are P8,000. Sales price per yard at split-off P6.00 9.00 Disposal cost per yard at split-off P3.50 5.00 Further processing per yard P1.00 3.00 Final sale price per yard P 7.50 11.25

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X Z

Yards 1,500 2,200

If X and Z are processed further, no disposal costs will be incurred or such costs will be borne by the buyer. Refer to Ratcliff Company. Using a physical measure, what amount of joint processing cost is allocated to X (round to the nearest peso)? a. P4,000 b. P4,757 c. P5,500 d. P3,243 Refer to Ratcliff Company. Using sales value at split-off, what amount of joint processing cost is allocated to X (round to the nearest peso)? a. P5,500 b. P2,500 c. P4,000 d. P3,243 Refer to Ratcliff Company. Using net realizable value at split-off, what amount of joint processing cost is allocated to Z (round to the nearest peso)? a. P5,500 b. P4,000 c. P2,390 d. P5,610 Refer to Ratcliff Company. Which products would be processed further? a. only X b. only Z c. both X and Z d. neither X or Z Sheridan Company has a standard of 15 parts of component BB costing P1.50 each. Sheridan purchased 14,910 units of component BB for P22,145. Sheridan generated a P220 favorable price variance and a P3,735 favorable quantity variance. If there were no changes in the component inventory, how many units of finished product

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COST ACCOUNTING were produced? A. 994 units. C. 1,000 units B. 1,090 units. D. 1,160 units The main focus of cost management information must be A. usefulness and accuracy. C. usefulness and timeliness. B. timeliness and accuracy. D. relevance and good format. When the number of units manufactured increases, the most significant change in unit cost will be reflected as a(n) A. increase in the fixed element. C. increase in the mixed element. B. decrease in the variable element. D. decrease in the fixed element. Which of the following is an example of a committed fixed costs? A. direct materials C. supervisors salary B. depreciation on a factory building D. insurance on a building Dimaio Company uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity based costing system: Costs: Manufacturing overhead ....................................... P580,000 Selling and administrative expenses ..................... 240,000 Total ...................................................................... P820,000 Distribution of resource consumption: Activity Cost Pools Order Size Manufacturing overhead ..................... 50% Selling and administrative expenses ... 5% Customer Support 40% 75% Other 10% 20% Total 100% 100%

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The Other activity cost pool consists of the costs of idle capacity and organizationsustainingcosts.You have been asked to complete the first-stage allocation of costs to the activity cost pools. How much cost, in total, would be allocated in the first-stage allocation to the Order Size activity cost pool? A) P302,000 B) P41,000 C) P225,500 D) P410,000 Almond Company wishes to determine the fixed portion of its maintenance expense (a semi-variable expense), as measured against direct labor hours for the first Malayan three months of the year. The inspection costs are fixed; however, the adjustments necessitated by errors found during inspection account for the variable portion of the maintenance costs. Information for the first Malayan quarter is as follows: Direct Labor Hours Maintenance Costs January 34,000 P61,000 February 31,000 58,500 March 34,000 61,000 What is the fixed portion of Almond Companys maintenance expense, rounded to the nearest pesos? A.P28,330 C. P37,200 B.P32,677 D. P40,800 Fuller Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The costs and percentage completion of these units in beginning inventory were: Cost Materials costs ................... P12,700 Conversion costs ............... P10,900 Percent Complete 85% 30%

A total of 9,800 units were started and 8,800 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs ................... P175,600 Conversion costs ............... P420,900 The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: A) P77,994 B) P73,308 8

COST ACCOUNTING C) P104,725 D) P89,016 What is the economic order quantity for the following inventory policy: A firm sells 32,000 bags of premium sugar per year. The cost per order is P200 and the firm experiences a carrying cost of P0.80 per bag. A. 2,000 bags C. 8,000 bags B. 4,000 bags D. 16,000 bags Information on Katrina Companys direct material costs is as follows: Standard unit price P 3.60 Actual quantity purchased 1,600 Standard quantity allowed for actual production 1,450 Materials purchase price variance favorable P 240 What was the actual purchase price per unit, rounded to the nearest centavos? A. P3.06 C. P3.11 B. P3.45 D. P3.75 Lapid Company uses process costing. All materials are added at the beginning of the process. The product is inspected when it is 90 percent converted, and spoilage is identified only at that point. Normal spoilage is expected to be 5% of good output. The following are extracted from the production records of Lapid Company for May 2003: Units put into process 21,000 Units transferred to finished goods 14,000 In-process, May 31, 75% complete 6,000 How many are considered abnormal lost units? A. Zero C. 15 B. 300 D. 850 How will a favorable volume variance affect net income under each of the following methods? Absorptio Variabl n e A. Decrease No effe ct B. Decrease Increas e C. Increase No effe ct D. Increase Decrea se In analyzing manufacturing overhead variances, the volume variance is the difference between the: A. Amount shown in the flexible budget and the amount shown in the debit side of the overhead control account B. Predetermined overhead application rate and the flexible budget application rate times actual hours worked C. Budget allowance based on standard hours allowed for actual production for the period and the amount budgeted to be applied during the period D. Actual amount spent for overhead items during the period and the overhead amount applied to production during the period Which of the following topics is of more concern to management accounting than to cost accounting? a. generally accepted accounting principles b. inventory valuation c. cost of goods sold valuation d. impact of economic conditions on company operations Disclosing detailed financial information to all employees is a characteristic of a. open-book management. b. data mining. c. diversity. d. strategic alliance. Durable Furniture Company uses about 200,000 yards of a particular fabric each year. The fabric costs P25 per yard. The current policy is to order the fabric four times a year. Incremental ordering costs are about P200 per order, and incremental carrying costs are about P0.75 per yard, much of which represents the opportunity cost of the funds tied up in inventory.

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COST ACCOUNTING How much total annual costs are associated with the current inventory policy? A. P19,550 C. P38,300 B. P18,750 D. P62,500 Shampoo Company is a chemical manufacturer that supplies industrial users. The company plans to introduce a new chemical solution and needs to develop a standard product cost for this new solution. The new chemical solution is made by combining a chemical compound (Nyclyn) and a solution (Salex), boiling the mixture; adding a second compound (Protet), and bottling the resulting solution in 20-liter containers. The initial mix, which is 20 liters in volume, consists of 24 kilograms of Nyclyn and 19.2 liters of Salex. A 20% reduction in volume occurs during the boiling process. The solution is then cooled slightly before 10 kilograms of Protet are added; the addition of Protet does not affect the total liquid volume. The purchase prices of the raw materials used in the manufacture of this new chemical solution are as follows: Nyclyn P15.00 per kilogram Salex P21.00 per liter Protet P28.00 per kilogram The total standard materials cost of 20 liters of the product is: A. P1,043.20 C. P 834.56 B. P1,304.00 D. P1,234.00 Simbad Companys operations for the month just ended originally set up a 60,000 direct labor hour level, with budgeted direct labor of P960,000 and budgeted variable overhead of P240,000. The actual results revealed that direct labor incurred amounted to P1,148,000 and that the unfavorable variable overhead variance was P40,000. Labor trouble caused an unfavorable labor efficiency variance of P120,000, and new employees hired at higher rates resulted in an actual average wage rate of P16.40 per hour. The total number of standard direct labor hours allowed for the actual units produced is A. P52,500 C. P62,500 B. P77,500 D. P70,000 Which of the following statements is correct for a firm that currently has total costs of carrying and ordering inventory that are 50% higher than total carrying costs? A. Current order size is greater than optimal B. Current order size is less than optimal C. Per unit carrying costs are too high D. The optimal order size is currently being used Which of the following items is not a characteristic of a process cost system? A. Once production begins, it continues until the finished product emerges B. The products produced are heterogeneous in nature C. The focus is on continually producing homogeneous products D. When the finished product emerges, all units have precisely the same amount of materials, labor, and overhead Cajun Company uses a job order costing system. During April 20X6, the following costs appeared in the Work in Process Inventory account: Beginning balance Direct material used Direct labor incurred Applied overhead Cost of goods manufactured P 24,000 70,000 60,000 48,000 185,000

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Cajun Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of April which contained P5,600 of overhead. What amount of direct material was included in this job? a. P4,400 b. P4,480 c. P6,920 d. P8,000

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