A manufacturer of a car estimated that the raw materials will have a total cost of ₱400,000. There will be five (5) employees who will work 24 days on a regular eight (8) working hours. Each of them receives a fixed salary of ₱15,000. The POHR based on the total working hours of the employees is ₱200. The cost of the car would be? a. ₱415,200 b. ₱483,000 c. ₱2,800,000 d. ₱667,000
Q: If Branch B is closed, one personnel (with salary of P30,000) have to be transferred to the home…
A: Answer: We do not agree with manager, as if Branch B is closed Net operating income for company will…
Q: A certain machining job for a machine shop in Davao can be done on six existing lathes, on which the…
A: The size of order will be determined by calculating the per unit cost of each given order size on…
Q: A company gets three byproducts A, B and C, in quantities of 6000, 10,000, and 5000 tons,…
A: By product refers to the product that is outcomes when the main product is manufactured.
Q: The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential…
A: Formula: Implicit cost = Entrepreneur's potential earnings as a salaried worker + Value of…
Q: 3. A small shop in Bulacan fabricates portable threshers for palay producers in the locality. The…
A: There are two type of costs that a business incurs. One is the fixed costs and the other is the…
Q: Suka Tenis Group manufactured 100,000 tennis rackets in 2022 and reported the following costs: RM RM…
A: Cost of goods sold means the cost incurred on the manufacturing or purchase of goods which has been…
Q: A company is going to buy a new machine for manufacturing its product. Four different machines are…
A: Net present value is one of the techniques that is used to determine the present value of the cash…
Q: DEF Electronics produces and sells printers. Each unit of printer requires materials worth RM120.…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Foster has built a new factory incurring the following costs: $'000 Land 1,200 Materials 2,400…
A: We have the following information regarding the cost of the newly built factory:
Q: W bought a new printing machine from abroad. The cost of the machine was $80,000. The installation…
A: We have the following information: Cost of the machine: $80,000 Installation costs: $5,000 Training…
Q: The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential…
A: Explicit Cost: The Explicit cost includes the annual lease on building, Payments to workers &…
Q: A machine that is not equipped with a brake “costs” 30 seconds after the power is turned off upon…
A: Depreciation is a method of accounting that allocates the cost of a tangible or physical asset over…
Q: Makina Company manufactures engines on a cost-plus basis. The cost of a particular machine follows:…
A: This question deals with the concept of relevant costing. Relevant costing means considering the…
Q: Zaas Sdn Bhd bought a machine at a cost of RM85,000 which is to be installed in its factory in…
A: Calculate the allowances : Machining, an allowance is a planned deviation between an exact…
Q: Gwen is the managerial accountant in charge of Company A, which sells water bottles. She previously…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. Cost…
Q: Ms. Resa has been working as lecturer at MTIM and earning a salary of PHP 8,000 per month. Also, she…
A: The major difference between the accounting profit and economic profit is the implicit cost. While…
Q: Cinta Berhad is a company that produces children body lotion for domestic and overseas market. One…
A: In deciding upon whether to continue producing internally or to purchase from outside supplier,…
Q: In 2018, SoundSmart Company started its production, specialising in manufacturing motorcycle…
A:
Q: XYZ Company spends 300,000 dollars on raw materials, 100,000 dollars on a fixed cost, and 150,000…
A: Percentage of the profit change = (Profit after discount - Profit before discount) / Profit before…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A:
Q: Rosario Company, which is located in Buenos Aires, Argentina, manufactures a component used in farm…
A: 1.
Q: building their plant, the officers of the International Leather Company had the choice alternatives.…
A: cost of capital =20% Period =10years Present value FACTOR =1-(1+r)-n/r Present value FACTOR =4.19…
Q: In 2018, SoundSmart Company started its production, specialising in manufacturing motorcycle…
A: When a product is manufactured, there are different costs associated with it. These costs can be…
Q: Lavage Rapide is a Canadian company that owns and operates a large automat provides estimates…
A: Answer) Lavage Rapide Planning Budget For the Month Ended August 31 Number of cars…
Q: A manufacturer has a contract to produce 5,000 units of a certain device. The device can be made by…
A: Option A: The device can be made by highly-trained workmen working individually. Option B: The…
Q: In one of the tanker bearings, "Al-Quwaish" exploited the energy of machinery and equipment at 85%…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. Fixed costs…
Q: Calculate the company's revenue and spending variances for August. (Indicate the effect of each…
A: In Standard Costing, standard/budgeted data for a particulars activity is used to be set and then we…
Q: A tire manufacturer produces a piece of tire at a labor cost of 0.50 pesos and material at 3.00…
A: Solution: Variable cost per unit = DM + DL + VOH = 3 + 0.50 + 0.50 = 4 per unit Fixed costs =…
Q: Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near…
A: Given, Number of car wash = 9,000 Total cost = Fixed cost + (variable cost per car wash*Number of…
Q: ng is a list of various costs incurred in producing replacement automobile parts. With respect to…
A: Fixed cost: Cost that is a fixed per period is called Fixed cost. Fixed cost remains constant for…
Q: 1.1 ) A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve…
A: The selling price is the price at which the goods are sold in the market. The selling price of a…
Q: You are the Chief Financial Officer of Max Gifts Company. A small company that sells Italian…
A: Contribution margin = Sales - Variable cost Contribution margin of Building Globe = $40,000…
Q: A company is going to buy a new equipment for manufacturing its product. Four different equipment's…
A: Capital Budgeting: Capital budgeting decisions are the most important decision in corporate…
Q: ABS engineering decided to build and new factory to produce electrical parts for computer…
A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…
Q: Rosario Company, which is located in Buenos Aires, Argentina, manufactures a component used in farm…
A: Formula: Break even point in units = fixed cost / Unit contribution margin
Q: In building their plant, the officers of the International Leather Company had the choice…
A: Computation:
Q: Product A is produced with the following costs: 1) Paper material P20 per unit 2)…
A: Answer: As per Q/A guidelines, we have answered first 3 subparts of question. 1) Paper material…
Q: (a) Determine the cost of the bicycle if indirect costs are allocated with direct labour hours as an…
A:
Q: 1. In 2021 ABC company will produce 2,700 units of the product. Each unit of product requires 4 kg…
A: The question is related to Inventory Management. The Economic Order Quantity is that level of…
Q: A manufacturer has been offered a contract to manufacture a certain product that will utilize the…
A: (1) New product will use 0.3 kg of waste Materials for 1 unit Manufacturing => 1 kg of Waste…
Q: Rosario Company, which is located in Buenos Aires, Argentina, manufactures a component used in farm…
A: Compute the break-even point in units... Answer)BEP units=Fixed cost/Contribution margin per…
Q: The company's revenue is 100 000 rubles. The cost of materials, raw materials is 35 000 rubles, the…
A: Accounting profit is the net income of a business that is shown in the income statement of a…
Q: A motor company needs vital information, for calculating the cost of nunning a motor truck per…
A: 1 Month = 5 Weeks [mention in the question] Monthly Depreciation = Annual Depreciation / 12…
Q: The following data is available for Wheels ‘N Spokes Repair Shop for 2022: Repair technicians’…
A: LABOR HOUR RATE IS USED TO CHARGE THE OVERHEAD OF THE DEPARTMENT OR COST CENTRE IN THE COST OF A…
Q: breakeven point of the Company
A: Definition: Break Even Point: It is the amount necessary for covering up the variable and fixed…
Q: A company is going to buy a new equipment for manufacturing its product. Four different equipment’s…
A: In case of choice between various options, the one with the highest income or least expenses are…
Q: uild in Metro Manila where the plant would cost P2,000,000. Labor would cost annually P120,000 and…
A: The present value factor (PVIF) is a factor used to calculate the present value of money that will…
Step by step
Solved in 2 steps
- Markson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge for each copy made. Markson made 9,000 copies and paid a total of $480 in January. In April, they paid $320 for 5,000 copies. What is the variable cost per copy if Markson uses the high-low method to analyze costs?A company that builds and sells desks has a weekly overhead including salaries and plant costs of P170,000. The cost of materials for each desk is P2,000 and the desk is sold for P10,000. How many desks must be built and sold each week so that the company is guaranteed a profit?A Civil Engineer produces a certain construction material at a labor cost of P16.20 per piece, materials cost of P38.50 per piece and variable cost of P7.40 per piece. The fixed charges on the business is P100,000 a month. If the product is sold for P95.00 each, how many pieces must be made and sold each month to break even?
- Ibrahim Corporation has the following estimated costs for the year: Direct Materials Rs. 20,000 Factory Rent Rs. 10,000 Sales Salaries Rs. 50,000 Factory Depreciation Rs. 5,000 Direct Labor Rs. 25,000 Foreman’s Salary Rs. 20,000 Indirect Material Rs. 4,000 Indirect Labor Rs. 3,000 Ibrahim Corporation estimates that 25,000 labor-hours will be worked during the year. If FOH rate is applied on the basis of direct labor hours, the overhead rate per hour will be:brahim Corporation has the following estimated costs for the year:Direct Materials Rs. 20,000 Factory Rent Rs. 10,000 Sales Salaries Rs. 50,000 Factory Depreciation Rs. 5,000 Direct Labor Rs. 25,000 Foreman’s Salary Rs. 20,000 Indirect Material Rs. 4,000 Indirect Labor Rs. 3,000 Ibrahim Corporation estimates that 25,000 labor-hours will be worked during the year. If FOH rate is applied on the basis of direct labor hours, the overhead rate per hour will be:The company's revenue is 100 000 rubles. The cost of materials, raw materials is 35 000 rubles, the cost of fuel and energy consumption is 10 000 rubles. The wages of employees are 25 000 rubles. Having a specialist diploma, an entrepreneur could receive a wage as an employee in another company in the amount of 5000 rubles, while he could put the available money (200 000) into the bank at an annual interest rate of 10%. Calculate the accounting and economic profit of this firm.
- The Maria Company estimated its factory overhead of the next period at P160,000. It is estimated that 40,000 units will be produced at a materials cost of P200,000. Production will require 40,000 man-hours at an estimated wage cost of P80,000. The machines will run about 25,000 hours. How much is the Machine Depreciation Cost Driver rate?The Lombard Company produces and sells office-space dehumidifiers to companies that own or rent office space. (a) Lombard’s materials and labor costs for producing the dehumidifiers are $3,000 per unit and the fixed costs of its dehumidifier production plant are $1.85 million. If Lombard sells a dehumidifier for $5,000 per unit, what is its percent contribution margin? Show your work. (b) If Lombard used revenue-based compensation to pay its sales force, what would be a salesperson’s sales credit for selling 20 dehumidifiers at a price of $4,500? Show your work. (c) If Lombard used the profit-based compensation method described in the course to pay its sales force and sets the dehumidifier’s target price at $5,000 per unit, what would be a salesperson’s sales credit for selling 20 dehumidifiers at a price of $4,500? Show your work. (d) Explain the benefit to Lombard’s management of using the profit-based compensation method of Part (c) over revenue-based compensation for…A manger receives an annual salary of Php600,000 and his secretary salary of Php180,000. A certain task can be performed by the executive working alone in 4 hours. If he delegates the task to his secretary it will require him 30 minutes to explain the work and another 45 minutes to check the finished work. Due to the unfamiliarity of the secretary to do the task, it takes her an additional time of 6 hours after being instructed. Considering salary cost only, determine the cost of performing the task by each method, If the secretary works 2400 hours a year and the executive 3,000 hours a year.
- A manufacturer has a contract to produce 5,000 units of a certain device. The device can be made by highly-trained workmen working individually. The device can also be made by less-skilled workmen working together if they are given a specialized equipment and proper supervision. The highly-trained workmen are paid P20.00 per hour, and each can produce one unit every 2 hours, on the average.The specialized equipment can be placed in operation at an original cost of P60,000 and it will be worthless at the time all the 5,000 units are manufactured. With this equipment four men, paid P15.00 each per hour, and a foreman, paid P25.00 per hour, can do the work. All the five men working together can finish one unit in 15 minutes.Determine the gain or loss if the specialized equipment is used.XYZ Company spends 300,000 dollars on raw materials, 100,000 dollars on a fixed cost, and 150,000 dollars for employees. XYZ Company’s total sale is 700,000 dollars. Calculate the percentage of the profit change, if the XYZ is able to 2% receive a discount on the procurement for the raw materials.A local manufacturing company estimated the following expenses for the upcoming year: a. Insurance on factory: $100,000 b. Factory security: 1 guard at $20/hour for a 2,000 hour work year c. 1 production supervisor at $90,000/year d. Repair/Maintenance Technicians: 2 technicians at $40/hour each for a 2,000 hour work year e. Depreciation: $25/machine hour f. Utilities: $7/machine hour The company applies overhead on the basis of machine hours. Required: · Build the cost formula · Assume one unit of output takes 2 machine hours, and the estimated production for the year is 20,000 units o Calculate the expected number of machine hours to be used in the year. o Calculate the estimated total manufacturing overhead cost. o Calculate the applied overhead rate per machine hour. o Calculate the applied overhead per unit of output.