Compute the actual manufacturing overhead and applied manufacturing overhead
Chapter5: Process Costing
Section: Chapter Questions
Problem 13PA: Selected information from Skylar Studios shows the following: Prepare journal entries to record the...
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Compute the actual manufacturing
![The following manufacturing costs data are available for Division 911:
Work in process, January 1, 2018:
Factory
Overhead
Total
Job No.
Materials
Labor
P66,000
P145,000
156
P35,000
P44,000
Costs for 2018:
Incurred by Jobs
Other
Total
Materials
Labor
P16,000
158,000
42,000
10,000
Р-
156
157
158
159
P2,000
52,000
24,000
8,000
P14,000
106,000
18,000
2,000
Not Incurred by Jobs
Indirect materials and
30,000
106,000
46,000
24,000
40,000
supplies
Indirect labor
30,000
106,000
Employee benefits
Depreciation
Supervision
46,000
24,000
40,000
Factory overhead for 2018:
Budgeted Manufacturing Overhead:
Variable
P 32,000
112,000
48,000
24,000
40,000
Indirect materials and supplies
Indirect labor
-
Employee benefits
Depreciation
Supervision
Fixed
Total
P256,000
Budgeted Direct Labor Costs
P160,000
Manufacturing Overhead rate per direct labor cost
(P256,000/P160,000)
160%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1e5df8b0-53fe-4434-819f-bf2e06bf671a%2F105bf383-1a2a-489d-9e18-9d39e51dd5d1%2Fey61a3s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following manufacturing costs data are available for Division 911:
Work in process, January 1, 2018:
Factory
Overhead
Total
Job No.
Materials
Labor
P66,000
P145,000
156
P35,000
P44,000
Costs for 2018:
Incurred by Jobs
Other
Total
Materials
Labor
P16,000
158,000
42,000
10,000
Р-
156
157
158
159
P2,000
52,000
24,000
8,000
P14,000
106,000
18,000
2,000
Not Incurred by Jobs
Indirect materials and
30,000
106,000
46,000
24,000
40,000
supplies
Indirect labor
30,000
106,000
Employee benefits
Depreciation
Supervision
46,000
24,000
40,000
Factory overhead for 2018:
Budgeted Manufacturing Overhead:
Variable
P 32,000
112,000
48,000
24,000
40,000
Indirect materials and supplies
Indirect labor
-
Employee benefits
Depreciation
Supervision
Fixed
Total
P256,000
Budgeted Direct Labor Costs
P160,000
Manufacturing Overhead rate per direct labor cost
(P256,000/P160,000)
160%
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