Reference no: EM132806716
Question - Ethel Corp uses job order costing system and the following information is give. The company has three jobs in process, Job # 1, Job # 2, Job # 3.
Raw materials used P840,000
Direct labor per hour 8.50
Factory overhead applied based on direct labor cost 120%
Direct materials were requisitioned as follows for each job: 30%, 25% and 25%, respectively and the balance is for indirect materials. Direct labor hours per job are: 17,500; 21,700; and 29,400, respectively. Indirect labor incurred is P231,000. Other actual factory overhead costs incurred totaled P252,000.
Required - Determine the total prime costs of Job # 1?
a. 512,750
b. 579,250
c. 295,750
d. 400,750
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