Aries Corporation manufactures eighteenth-century, classical-style furniture. It uses a job costing system that applies factory overhead on the basis of direct labor-hours. Budgeted factory overhead for the year 2019 was P1,235,475 and management budgeted 86,700 direct labor-hours. These transactions were recorded during August:
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Write My Essay For MeA. Purchased 5,000 square feet of oak on account at P25 per square foot.
B. Purchased 50 gallons of glue on account at P36 per gallon (indirect materials)
C. Requisitioned 3,500 square feet of oak and 30.5 gallons of glue for production.
D. Incurred and paid payroll costs P187,900. Of this amount, P46,000 were indirect labor costs; direct labor personnel earned P22 per hour on average.
Essay mills – Compute the firm’s predetermined factory overhead Essay writing services – The Essay.
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