Reference no: EM132747058
SJ Company produces jobs to customer specifications. Data for Job # 143 is as follows:
Direct materials used was 120,000.00 ;
Direct labor hours worked 25,000.00 ;
Budgeted Overhead cost 300,000.00 ;
Budgeted Direct labor hours 10,000 ;
Budgeted Direct machine hours 6,000 ;
Machine hours used ??? ;
Direct labor rate per hour PHP 5/hr ;
Cost of goods available for sale of 550,000.00;
Beginning balance of FG Inventory of 120,000.00 ;
Cost of goods sold of 500,000.00;
Factory Overhead control account of 180,000.00 .
Problem 1: Job # 143 was completed at the end of the year. Overhead is applied based on machine hours Compute the total machine hours used in the production.
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