Documente Academic
Documente Profesional
Documente Cultură
Process
Elements of Manufacturing
Cost/Product Cost
Direct Materials
Direct Labor
Manufacturing Overhead
Direct Materials
Materials ₱ 5,000.00
Debit Credit
Materials ₱ 10,000.00
Debit Credit
Materials ₱ 10,000.00
Debit Credit
Debit Credit
16-MayPayroll ₱ 30,000.00
Withholding Tax Payable ₱ 4,812.58
SSS Premium Payable ₱ 833.30
PhilHealth Contributions Payable ₱ 375.00
Pag-ibig Funds Contributions Payable ₱ 200.00
Vouchers Payable ₱ 23,779.12
Debit Credit
Cash ₱ 23,772.12
Debit Credit
Work in Process ₱ 30,000.00
Payroll ₱ 30,000.00
Clock Cards
Employee’s Earning Records
Payroll
Summary
Manufacturing Overhead
• Factory Overhead
Control
• Factory Overhead
Applied
Base to be Used
• Physical Output
• Direct labor hours
• Direct labor cost
• Machine hours
• Direct material cost
Debit Credit
16-May Work in Process ₱ 9,500.00
• Manufacturing Costs
• Work in Process
• Finished Goods
• Cost of Goods Sold
Direct Materials Direct Labor Factory Overhead
Work in Process
Finished Goods
Debit Credit
Work in Process xxxx
Materials xxxx
Direct Labor
Debit Credit
Work in Process xxxx
Payroll xxxx
Factory Overhead
Debit Credit
Work in Process xxxx
Debit Credit
Finished Goods xxxx
Debit Credit
황해도
Cost of Goods Sold xxxx
Debit Credit
Income Summary xxxx