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The image contains a question about cost accounting related to job order costing. Here’s a summary of the key information:

### Initial Account Balances as of March 1:
- **Finished Goods**: ₱78,830
- **Work-in-Process**: ₱292,621
- **Materials**: ₱65,000

### Work-in-Process Breakdown (Supported by Job Order Sheets):
- **Job 204** (80,000 balloons):
  - **Direct Materials**: ₱15,230
  - **Direct Labor**: ₱21,430
  - **Factory Overhead**: ₱13,800
- **Job 205** (5,000 life rafts):
  - **Direct Materials**: ₱40,450
  - **Direct Labor**: ₱55,240
  - **Factory Overhead**: ₱22,370
- **Job 206** (10,000 life belts):
  - **Direct Materials**: ₱60,875
  - **Direct Labor**: ₱43,860
  - **Factory Overhead**: ₱19,366

### Total for Work-in-Process:
- **Direct Materials**: ₱116,555
- **Direct Labor**: ₱120,530
- **Factory Overhead**: ₱55,536

### Transactions during March:
a. **Purchase of Materials for Cash**: ₱42,300  
b. **Purchase of Special Materials for Job 207** (4,000 life jackets): ₱5,800  
c. **Indirect Labor Costs**: ₱12,480  
   - Breakdown:
     - **Job 204**: ₱26,844 (3,355.5 hours)
     - **Job 205**: ₱22,750 (3,250 hours)
     - **Job 206**: ₱28,920 (3,615.0 hours)
     - **Job 207**: ₱2,370 (2,910.0 hours)

d. **Materials Issued to Jobs**:
   - **Job 204**: ₱9,436
   - **Job 205**: ₱11,320
   - **Job 206**: ₱10,490
   - **Job 207**: ₱16,640 (excluding special materials)

e. **Other Factory Overhead Incurred**:
   - Insurance on Factory: ₱830
   - Tax on Real Estate: ₱845
   - Depreciation (Machinery): ₱780
   - Depreciation (Factory Building): ₱840
   - Light: ₱560
   - Coal Used: ₱1,810
   - Power: ₱3,390
   - Repairs and Maintenance: ₱2,240
   - Indirect Supplies: ₱1,190
   - Miscellaneous: ₱15,257

f. **Factory Overhead Applied**: ₱2.30 per direct labor hour  
g. **Job 204 Shipment and Billing**: ₱117,500

### Requirements:
1. **Compute the Total Cost and Per Unit Cost of Each Job at the End of March**  
2. **Determine Over- or Underapplied Factory Overhead**

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Would you like to start with the calculations for the total and per unit costs for each job?

Here are 5 related questions:
1. How do we calculate the total cost for each job?
2. What is the formula for applied overhead using direct labor hours?
3. What impact do indirect costs have on job costs?
4. How is the over- or underapplied overhead calculated?
5. How would the shipment of Job 204 affect the finished goods account?

**Tip:** When calculating job order costs, always keep track of direct materials, direct labor, and applied overhead for accuracy.

The books of RIO GRANDE Products Co. shows the following account balances as of March 1:
- Finished Goods: ₱78,830
- Work-in-process: ₱292,621
- Materials: ₱65,000
The work-in-process account is supported by the following job order cost sheets:
Job 204: 80,000 balloons with ₱15,230 in direct materials, ₱21,430 in direct labor, and ₱13,800 in factory overhead.
Job 205: 5,000 life rafts with ₱40,450 in direct materials, ₱55,240 in direct labor, and ₱22,370 in factory overhead.
Job 206: 10,000 life belts with ₱60,875 in direct materials, ₱43,860 in direct labor, and ₱19,366 in factory overhead.
Transactions during March: a. Purchase of materials for cash ₱42,300, b. Purchase of special materials ₱5,800 for job 207 (4,000 life jackets), c. Indirect labor costs ₱12,480 for various jobs, d. Materials issued to various jobs, e. Other factory overhead costs incurred. Factory overhead is applied at the rate of ₱2.30 per direct labor hour. Job 204 was shipped and billed at ₱117,500.

Solve the job order costing problem involving multiple jobs with different direct materials, direct labor, and factory overhead. Learn to compute total and unit costs for each job and determine over- or underapplied overhead, using applied overhead rates.

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