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PLEASE ANSWER ASAP The Elinzano Company uses a budgeted overhead...

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Accounting

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The Elinzano Company uses a budgeted overhead rate for applying factory overhead to job orders on a machine hour basis for the machining department and on a direct labor hour basis for the packaging department. The company budgeted the following for 2013 Machining Packaging Factory overhead P152,104 P200,288 Machine hours 111.161 100.000 Direct labor hours 50.000 105,938 Direct labor COSE 400,000 200.000 900,000 During the month of September, the cost record for job order No. 9001 shows the following: Machining Packaging Direct Materials requisitioned P20,446 P8,413 Direct labor cost P6.954 P10.012 Direct labor hours 50 58 Machine hours 54 50 For the month of September, Job order 9001 consisted of 200 units of product, what is the unit cost? D Question 5 1 pts What should be the adjusting entry for overapplied factory overhead (FOH, the overapplied amount is to be adjusted to cost of good sold CGS? Debit CGS Credit FOH O Debit FOH Credit CCS Previous Next

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