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    Ikny4ls0k - Last Activity of Cost Accounting

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    Justine Marie Balderas
    The document provides production data for Power house corporation for the month of December, including units started and completed, direct material costs of P251,000, direct labor costs of P193,800, and factory overhead costs of P149,000. It also requires the preparation of a cost of production report. It additionally provides cost data for Pare company, including direct material costs of P60,000, labor hours and costs for two departments, factory overhead rates, and beginning and ending inventory balances. It requires the preparation of a cost of goods sold report.

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    Ikny4ls0k - Last Activity of Cost Accounting

    Uploaded by

    Justine Marie Balderas
    13 views1 page
    The document provides production data for Power house corporation for the month of December, including units started and completed, direct material costs of P251,000, direct labor costs of P193,800, and factory overhead costs of P149,000. It also requires the preparation of a cost of production report. It additionally provides cost data for Pare company, including direct material costs of P60,000, labor hours and costs for two departments, factory overhead rates, and beginning and ending inventory balances. It requires the preparation of a cost of goods sold report.

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    _ikny4ls0k_Last activity of Cost Accounting

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    The document provides production data for Power house corporation for the month of December, including units started and completed, direct material costs of P251,000, direct labor costs of P193,800, and factory overhead costs of P149,000. It also requires the preparation of a cost of production report. It additionally provides cost data for Pare company, including direct material costs of P60,000, labor hours and costs for two departments, factory overhead rates, and beginning and ending inventory balances. It requires the preparation of a cost of goods sold report.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    13 views1 page

    Ikny4ls0k - Last Activity of Cost Accounting

    Uploaded by

    Justine Marie Balderas
    The document provides production data for Power house corporation for the month of December, including units started and completed, direct material costs of P251,000, direct labor costs of P193,800, and factory overhead costs of P149,000. It also requires the preparation of a cost of production report. It additionally provides cost data for Pare company, including direct material costs of P60,000, labor hours and costs for two departments, factory overhead rates, and beginning and ending inventory balances. It requires the preparation of a cost of goods sold report.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Interworld Colleges Foundation Inc.

    Burgos St, Paniqui,Tarlac

    COLLEGE OF BUSINESS AND ACCOUNTANCY

    1. The Power house corporation uses a process cost system for making a star . The following data for the
    month of December:

    Work in process, November 30 0

    Put into process during the month 10,000 units

    Work in process December 31 (60% as to conversion cost) 1,400 units

    Material are added at the beginning of the Process

    Cost:

    During the month

    Material P251,000

    Labor 193,800

    Factory overhead 149,000

    Required: Prepare a cost of production report

    2. Last month, Pare company placed P60,000 of material into production. The Printing department used
    8,000 labor hours at P5.60 per hour and the binding department used 4,600 hours at P6 per hour.
    Factory overhead is applied at a rate of P6 per labor hour in printing department and P8 per labor hour
    in the binding department. Pare inventory account show the following balances;

    Beginning Ending

    Finished goods P22,000 P17,000

    Work in process 15,000 17,600

    Materials 20,000 18,000

    Required: Prepare a Cost of Goods Sold

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