Professional Documents
Culture Documents
Materials 229,040
Accounts payable 229,040
b.
Payroll 220,000
Withholding taxes payable 31,000
SSS premiums payable 7,000
Philhealth contributions payable 440
Pag-ibig fund contributions payable 6,600
Accrued payroll 174,960
c.
SOLUTION:
Job 101 10,000 x 4 = 40,000
Job 102 16,000 x 5 = 80,000
Job 103 12,000 x 3 = 36,000
Total 156,000
Indirect labor 24,000
Marketing. & Adm. 40,000
220,000
d.
Work in process 216,350
FO control 15,040
Materials 231,390
SOLUTION:
Material X 113,600
Material Y 102,750 216,350
Indirect materials 15,040
231,390
e.
Work in process 85,500
FO Applied 85,500
SOLUTION:
Job 101 10,000 x P2.25 = 22,500
Job 102 16,000 x P2.25 = 36,000
Job 103 12,000 x P2.25 = 27,000
85,500
f.
Accounts receivable 510,000
Sales 510,000
SOLUTION:
Job 101 176,700
Job 102 204,000
380,700
g.
Cash 494,000
Sales discount 26,000
Accounts receivable 520,000
SOLUTION;
i.
Accounts payable 170,000
Cash 170,000
j.
FO applied 85,500
Cost of goods sold 6,100
FO control 79,400
SOLUTION:
JE (c) 24,000
14,760
JE (d) 15,040
JE (h) 25,600
Total FO control 79,400
JE (e) FO applied (85,500)
Over-applied FO (6,100)
RECEIVED ISSUED BALANCE
MATERIAL X
Beg. 4,000 u - P5.0 -20,000 Job 101 4,000 u P5.00 -20,000 4,000 u - P5.00 20,000
20,000 u - P5.20 -104,00 16,000 u P5.20 -83,200 20,000 u - P5.20 104,000
103,200 24,000 u 124,000
Job 103 2,000 u P5.20 10,400 20,000 u - P5.20 104,000
4,000 u - P5.20 20,800
2,000 u - P5.20 10,400
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