Anlo Corp makes bottles using the latest automated technology. The company applies FOH cost to product on the basis of machine hours. The following are estimate used to determine factory overhead rate at the start of the year Machine hours 150,000 Factory Overhead Cost 1,800,000 The company cost records shows the following actual cost incurred for the year, Machine hours 120,000 Factory Overhead Cost 1,700,000 Raw Materials 60,000 Work in Process (Includes FOH applied of P72,000) 200,000 Finished Goods (includes FOH applied of P360,000) 1,000,000 Cost of Goods Sold (includes FOH applied of P1,008,000) 2,800,000 Assume the variance is material, what is the variance share of the work in process account
Anlo Corp makes bottles using the latest automated technology. The company applies FOH cost to product on the basis of machine hours. The following are estimate used to determine factory overhead rate at the start of the year Machine hours 150,000 Factory Overhead Cost 1,800,000 The company cost records shows the following actual cost incurred for the year, Machine hours 120,000 Factory Overhead Cost 1,700,000 Raw Materials 60,000 Work in Process (Includes FOH applied of P72,000) 200,000 Finished Goods (includes FOH applied of P360,000) 1,000,000 Cost of Goods Sold (includes FOH applied of P1,008,000) 2,800,000 Assume the variance is material, what is the variance share of the work in process account
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 10E: Compute the total job cost for each of the following scenarios: a. If the direct labor cost method...
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Anlo Corp makes bottles using the latest automated technology. The company applies FOH cost to product
on the basis of machine hours. The following are estimate used to determine factory overhead rate
at the start of the year
Machine hours 150,000
Factory Overhead Cost 1,800,000
The company cost records shows the following actual cost incurred for the year,
Machine hours 120,000
Factory Overhead Cost 1,700,000
Raw Materials 60,000
Work in Process (Includes FOH applied of P72,000) 200,000
Finished Goods (includes FOH applied of P360,000) 1,000,000
Cost of Goods Sold (includes FOH applied of P1,008,000) 2,800,000
Assume the variance is material, what is the variance share of the work in process account
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