bags of coffee beans that each staff can complete in a day. They have 10 employees, each working eight hours per day, and able to process 12 bags of coffee beans daily. The payroll cost for the officers is Php 1,820 per day per officer, and there is a daily overhead expense of Php 6,000 for the machinery acquisitio What would be the value of their multifactor productivity with the new machinery in bags per Php? O 0.0029 O 0.0050 0.00031

Q: Gomes Company uses special journals and a general journal. The following transactions occurred…

A: Journal entry is a process of recording and classifying business transactions initially into books…

Q: 4. Prepare a statement of cash flows for the month ending July 31, 20Y2. Refer to the lists of…

A: The cash flow statement is prepared to record the cash flow from various activities into the…

Q: Sunshine Corp. was organized on Jan. 1 with authorization of 20,000 shares of $5 preferred stock,…

A: Cash received on issue of 2000 preferred stock at par = 2000 ×$100 = $200000

Q: Exercise 3. Adjusting entries for unearned fees ( The balance in the unearned fees account, before…

A: Unearned fees is one of the liability for the business, which means fees amount received but not yet…

Q: What are the dividends per share for preferred and common, respectively?

A: Dividend refers to that portion of the net income of the company which the company paid to its…

Q: Inventories 4/1   4/30   Direct Materials $ 19,000     $ 15,800     Work in Process   9,400…

A: Prime cost represents the cost that involves the material cost and labor cost incurred in the…

Q: What is the function of accounting information systems in today's accounting practise

A: Accounting Information System (AIS) is a concept. Generally speaking, an accounting information…

Q: Adriana Graphic Design receives $2,200 from a client billed in a previous month for services…

A: Answer:- Account Title Debit  Credit Cash 2,200      Account Receivable   2,200

Q: Roman Destinations issues bonds due in 10 years with a stated interest rate of 5% and a face value…

A: The bonds are the financial instruments of the business that are used to raise the money from the…

Q: The Boxwood Company sells blankets for $36 each. The following was taken from the inventory records…

A: In case of FIFO method the first purchased goods/Beginning inventory will be sold first.

Q: A company reported net income of $4,805 for October. Its net sales for October were $15,500. Its…

A: Profit margin formula: (Net income/ net sales) *100

Q: Explain Accrual concept and provide example.

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Assess the truth of this statement: In the closing entries for a partnership, the partner's drawing…

A: Journal entry at the time of Drawings: Debit: Drawings Credit: Cash   Debit: Partner's capital…

Q: Bank Reconciliation Use the following information to prepare a bank reconciliation for Dylan Company…

A:

Q: A corporation purchased 1,000 shares of its own $5 par common stock at $10 and subsequently sold 500…

A: Total purchases = 1000 shares x $10 = $10,000 Total sale = 500 shares x $20 = $10,000

Q: ABC Co purchased an equipment from Hongkong for P100,000. Additional cost included the following:…

A: Lets understand the basics. As per IAS 16 "PPE", PPE initially needs to capitalized on books of…

Q: Use the following information to complete the calculations below. Cost of goods sold $195,640…

A: Inventory is one of the essential parts of an organisation. In the balance sheet, it is classified…

Q: 10) 11) 12) 13) 14) Explain Dual Aspect concept and provide example. Explain Consistency concept and…

A: 10) Dual Aspect Concept:  Any business transaction is documented in two separate accounts according…

Q: ntory balance calculated?

A: Explanation of Concept Valuation of Inventory: There are type of inventory valuation method…

Q: If a fixed asset, such as a computer, were purchased on January 1 for $1,603 with an estimated life…

A: Correct option is (d)  Particulars  Amount (DR) Amount (CR) Depreciation expense 295.20   To…

Q: Part 2: Prepare a bank reconciliation for December. Part 3: 1. Record the interest of $60 received…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: Seth Feye established Reliance Financial Services on July 1, 20Y2. Reliance Financial Services…

A: A cash flow statement is a financial statement that shows all cash inflows, such as profits from…

Q: What is Jenny's tax loss for the income year?     $17,000     $20,000     $11,000     Nil…

A: The assessable income is the income on which the tax is calculated. The assessable is calculated by…

Q: 1) Explain Historical cost concept and provide example.

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Required information [The following information applies to the questions displayed below.] Year 1…

A: Cumulative Preferred Dividend - Cumulative Preferred Shares are those shares who get preference for…

Q: A construction firm is considering establishing an engineering computing center. The center will be…

A: Given annual operating and maintenance cost for each workstation is $25,000 MARR = 15% Service life…

Q: e capital balances of the partners on December 31, 2021 were: Noble (50%) - P200,000; Obedient (30%)…

A: Capital Balance of Noble   As above  change in capital  Interset of P410,000 Noble Share = P410,000…

Q: C. Shelton contributed land, inventory and $58,000 cash to a partnership.  The land had a book value…

A:

Q: Required information Use the following information for the Quick Study below. (Algo) [The following…

A: The equivalent units are calculated on the basis of percentage of the work completed during the…

Q: ay 7 (8) Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given…

A: Cash flows statement is one of the important financial statement which shows all cash inflows and…

Q: Taking a physical count of inventory Oa. is not necessary when a perpetual inventory system is used…

A: Under the perpetual inventory system, inventory is recorded on every inventory transaction. So a…

Q: Allowance for Doubtful Accounts has a debit balance of $2,300 at the end of the year (before…

A: Solution:- Given, Allowance for Doubtful accounts has a debit balance = $2,300 at the end of the…

Q: The following information was drawn from the accounting records of Marlin Manufacturing Co. Product…

A: Predetermined overhead rate = Estimated overhead cost / Total Direct labor cost = $165,000 /…

Q: On December 31, Strike Company sold one of its batting cages for $250,452. The equipment had an…

A: Formulas: Gain (Loss) on the sale of the assets = Sale value of the assets - Net book value of the…

Q: Question 4 dzio erit aterize of aldol sit mor A CNC machine centre costs £100,000. Its value…

A: X = 1.1 Therefore, depreciation rate is 10% Y = 2 years   Cost of CNC machine = 100,000 Depreciation…

Q: A resident foreign Corp has the following data: Gross Sales in Phil is 9M; Cost of sales- Phil is…

A: A resident foreign corporation are foreign corporations that have a residential status in the…

Q: (a)Prepare the journal entry to record the sale of these bonds on January 1, 2022. (b)Prepare the…

A:

Q: Purchases Inventory, September 15,755 Administrative expense 732 $30,526 Selling expense $ 769…

A: Formula: Cost of goods sold = Beginning inventory + Net purchases - Ending inventory

Q: Kelley paint company uses the weighted average method to aacount for costs of production.…

A: The four steps in assigning cost to units completed and transferred out are (a) Summarize the…

Q: Sunshine Corp. was organized on Jan. 1 with authorization of 20,000 shares of $5 preferred stock,…

A: $5 preferred stock, $100 par means, preferred share has $100 par value and each preferred share is…

Q: Barako Co. developed a trademark to distinguish its products from those of its competitors. Through…

A: Ans. All the direct costs related to trademarks are capitalized and included as the cost of…

Q: This is an extremely simple human capital accumulation problem. Let ht denote human capital of…

A: Long run growth- The country's long-run real economic growth is nothing more than a sustained…

Q: Sheridan Inc. issues $5,000,000, 5-year, 10% bonds at 101, with interest payable annually on January…

A: Par value of shares = $5,000,000 Cash received = $5,000,000 x 101% = $5,050,000 Premium on bonds…

Q: O O $26,833.33 $28,000.00

A: Depreciation: It is the reduction in the value of fixed assets except land due to its continue use…

Q: Pasternik Company produces and sells two products, Alpha and Zeta. The following information is…

A: Activity based costing (ABC):  It is a costing method in which overhead and indirect costs are…

Q: Mitchell Corp uses the straight line method to depreciate a machine purchased on Jan 1, 20X1 for…

A: Depreciation is an expense which is reported in the books to record the regular usage of the asset.

Q: McKeel Publishing had outstanding checks totaling $5,440 on its June bank reconciliation. In July,…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Thomas Martin receives an hourly wage rate of $15, with time-and-a-half pay for all hours worked in…

A: Gross pay: Gross pay means the salary before the deduction of any taxes, benefits, and other payroll…

Q: Answer the questions below as it relates to Targeting by Decile Grid: The Market Basket consists of…

A: Introduction: Decile is a consumer reporting and analytics system that assists marketing in raising…

Q: Week 4-Written Work-Fill in the Blanks Directions: Analyze the following transactions below and…

A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.