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Determine how much is the total manufacturing cost

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Reference no: EM132738512

The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred the following costs for the year

Materials P75, 000 (10% is indirect materials)
Labor P97, 000 (7% is indirect labor)
Factory Overhead 125% of direct labor cost
WIP - January 1 P25, 500
WIP - December 31 P27, 000

Problem 1: How much is the Total manufacturing cost?

Problem 2: How much is the total prime cost?

Reference no: EM132738512

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