1.
The following data are given for the period August 12 to 18, 20C: Total Hours: Pete Tuazon – 48, Jose Carlos – 46, Mario Farela – 50, Ben Gomez – 53, Lucio Lim – 53, Gem Tinio – 51; Regular: Tuazon – 48, Carlos – 43, Farela – 48, Gomez – 46, Lim – 45, Tinio – 45; OT: Carlos – 3, Farela – 2, Gomez – 7, Lim – 8, Tinio – 6. Jobs Worked On: 21: Carlos – 12, Farela -15, Gomez – 16, Lim – 17, Tinio – 10; 22: Carlos – 20, Farela -25, Gomez – 30, Lim – 15, Tinio – 18; 23: Carlos – 9, Farela – 9, Gomez – 5, Lim – 20, Tinio – 17. Others: Gomez – Delivery=4, Tinio – Repairs=5. Pete Tuazon is the foreman with hourly rate of P30. All the workers under him receive P25 per hour. Overtime work was rendered on working days on Job 23, based on a rush order. Accordingly, overtime premium is 25%. How much must be the total payroll for the week?
2.
Each of the five (5) workers in a factory is being paid P250 per day. For every unit produced in excess of 25 units in one day, a worker is paid P12. Fixed factory overhead per annum is P198,000 and there are approximately 330 working days in one year. Production data for Januar 6 and 7, 20C show the following number of units produced by each worker: January 6 = Abdon – 25, Belleza – 27, Cortes – 24, Drillon – 24, Emilio – 28; January 7 = Abdon – 26, Belleza – 26, Cortes – 28, Drillon – 27, Emilio – 26. What is the average direct labor cost per unit for the two-day period?
3.
As of September 1, 20C, there are two jobs in process with accumulated prime costs as follows: Job 71: No. of units – 6,000, Direct materials – P5,000, Direct labor – P2,000. Job 72: No. of units – 5,000, Direct materials – P4,000, Direct labor – P1,800. Job 72 is special in nature because of its strict specifications. Factory overhead is charged at P.40 per unit and includes a P.03 provision for defective work. The prime costs incurred in September are as follows: Job 71: Direct materials – P3,000, Direct labor – 2,000; Job 72: Direct materials – P5,000, Direct labor 3,000; Job 75: No. of units – 3,000, Direct materials – P4,500, Direct labor – 2,000; Job 76: No of units – 2,000, Direct materials – P2,500, Direct labor – 1,500. Some units are found to have imperfections and the corresponding prime costs incurred in reprocessing are as follows: No. of units found with imperfections: Job 71 – 50, Job 72 – 80, Job 75 – 40. Prime costs in reprocessing: Direct materials = Job 71 – P500, Job 72 – P1,500, Job 75 – P300; Direct labor= Job 71 – 200, Job 72 – 800, Job 75 – 100. Jobs 71, 72 and 75 were completed. The units cost in each completed job must be:
Job 71- P2.49, Job 72 – P3.60, Job 75 – P2.57
Job 71- P2.37, Job 72 – P3.13, Job 75 – P2.54
Job 71- P2.40, Job 72 – P3.60, Job 75 – P2.57
4.
The inventory account of Vanda Manufacturing Co. includes raw materials and work in process and is on a perpetual inventory basis using the FIFO costing method. There is no finished goods inventory. The opening inventory of P30,500 includes obsolete materials recorded at P250. The following are debits to certain accounts in March, 20C: Purchases – P49,400, Direct labor – P24,100, Factory overhead control – P50,400, Cost of goods sold – P137,200. Factory overhead rate is 200% of direct labor cost. The given cost of goods sold includes direct labor cost of P13,800. The obsolete materials (in the beginning inventory) of P250 was charged to cost of goods sold upon removal thereof from the inventory account. Factory overhead has been charged for an excessive scrap loss of P1,600 identified with a special order (that was started on and completed during the month). Normal scrap loss on regular product lines is considered negligible. The inventory balance as of March 31 must be:
5.
Lucena Manufacturing Co. charges factory overhead to production at 80% of direct labor cost. Jobs 842 and 843 were completed and sold in July, 20B. Total direct materials cost and prime cost for Job 842 were P9,000 and P14,000, respectively. Production cost of Job 843 amounted to P31,200 with factory overhead equal to 48% of direct materials cost. How much were the direct labor costs of Jobs 842 and 843?
P5,000 and P7,200, respectively
P5,000 and P9,000, respectively
P4,000 and P7,200, respectively
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