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Hello dear tutor! Please provide answer with clear solutions. Thank you so much. ...

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Accounting

Hello dear tutor! Please provide answer with clear solutions. Thank you so much.

National Marketing Corp. uses a job-order costing system. It has three production departments, X,Y, and Z.

The manufacturing cost budget for 2015 is as follows:

Dept. X Dept. Y Dept. Z

Direct materials................. P600,000 P 400,000 P 200,000

Direct labor...................... 200,000 500,000400,000

Manufacturing overhead..... 600,000 100,000200,000

For Job No. 01-90 which was completed in 2015, direct materials cost was P75,000 and direct labor cost was as follows:

Dept. X........................................................P 40,000

Dept. Y........................................................100,000

Dept. Z........................................................20,000

The corporation applies manufacturing overhead to each job order on the basis of direct labor cost, using departmental rates predetermined at the beginning of the year based on the manufacturing cost budget.

The total manufacturing cost of Job No. 01-90 which was completed in 2015 is:

a.P235,000b. P310,000c. P385,000d. P150,000

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