bo19 bns 2noS es mile Company has underapplied overhead of P45,000 for the year ended ecemben om. 3 Before disposition, of the underapplied overhead, felested December I balances Camille Company,'s records are asj folleys: o00.oce, 19 to beadavo P 720,0001 9d ot vivitos goods sold Direct materials Work in process Finished goods 36,000 2i / 1oubonq ol bon toro sT es $4,000 0,0 4 90,000 0.000.9 ei Z 1oubo1g oi hongiees besdovo arT0 000,08 9 a. P 682,500 b.. P 684,000 000,0P0 d 000,08+ 9 .) 000,0dE I b :C.. P 756,000 d. P757,500
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- a company audio division produces a speaker that is used by manufactureers of various audio products Sales and cost data on the speaker follow Selling price per unit 120 varioable cost per unit 102 Fixed costs per unit $8 Capacity in units 25,000 Assume the dvision is selling 22500 speakers per year tocusotmers a) what is the lowest acceptable transfer price b) what is highest accepatbale transfer price What is the range of acceptable transfer prices between 2 division If left free to negotiate without interference would you expect divison managers to voluntaily agree to transfer 5000 speakers fromthe Audio divison to Hi Fi? why or why not From the standpoint of the entire company should the transfer take place why or why not?A company sells two products, A and B. The sale mix consists of acomposite unit of 2 units of A for every 5 units of Y (2.5) Fixed cost arePhp247,500. The unit contribution margins for A and B are, Php12.50 andPhp6.00, respectively. Considering the company as a whole, the numberof composite units to breakeven is a. 1,650 composite unitsb. 8,250 composite unitsc. 4,500 composite unitsd. 22,500 composite unitsQUIK Manufacturing Company Ltd produces two products from a joint process. Informationabout the two joint products is as follows:Information Product A Product BBudgeted production (in kg) 2 000 4 000Selling price per kg at split-off $ 10 $ 20Additional processing costs per kgafter split-off (all variable)$ 15 $ 30Selling price per kg after furtherprocessing$40 $50The cost of the joint process is $ 90 000.Required:a) Which of QUIK company’s joint products should be sold at split-off point? Please supportyour answer with the necessary calculations. b) Which of QUIK company’s joint products should be processed further? please answer the same with working allocations
- Sony Company produces 3 products from a joint process at a joint cost of P 52,000. Additional information is summarized below: If processed further Products SV at Split off Final SV Addtl. costs A P 28,000 P 35,000 P 4,000 B 40,000 43,000 5,000 C 32,000 42,000 6,000 Which of the following statements is correct? A. The company should process further all the products because profits will increase by P5,000.B. The joint cost of P 52,00 is irrelevant.C. Product C will produce additional income of P 3,000 if processed further.D. Product B will produce additional net income of P 38,000 if processed further.a) Bidii Enterprises is located at Kariobangi Light Industries area in Nairobi. The company manufactures a product ‘comex’ which is used in the building industry. The main raw material used in the manufacture of ‘comex’ is material B4 2000. The following information relates to material B4 2000. Annual requirements : 144,000 unitsOrdering costs : Sh.12,500 per orderAnnual holding costs : 20% of the purchase pricePurchase price per unit : Sh.500Safety stock requirement : None Required:(i) The economic order quantity. (ii) The number of orders needed per year (iii) Total cost of ordering and holding material B4 2000 per year. ( b) A Company has provided the following data in respect of its major raw materials. Maximum Consumption 1,200 unitsNormal consumption 900 units Minimum consumption 600 units Lead time 4-6 weeks Re-order Quantity 6,000 units RequiredReorder levelMaximum stock level Minimum stock levelThe AB division sells goods internally to the CD division of the same company. The quoted external price in industry publications from a supplier near AB is P200 per ton plus transportation. It costs P20 per ton to transport the goods to CD. AB’s actual market cost per ton to buy the direct materials to make the transferred product is P100. Actual per ton direct labor is P50. Other actual costs of storage and handling are P40. The company president selects a P220 transfer price. This is an example of: Cost-based transfer pricing. Cost plus 20% transfer pricing. Market-based transfer pricing. Negotiated transfer pricing.
- U CO. has two products, product X and product B, emerge from a joint process. Product X has been allocated P30,800 of the total joint costs of P44,000. A total of 2,000 units of product X are produced from the joint process. Product X can be sold at the split-off point for P13 per unit, or it can be processed further for an additional total cost of P14,000 and then sold for P15 per unit. If product X I not processed further and sold, what would be the effect (increase/decrease) on the overall profit of the company compared with sale at split-off point?Peter Company produces four solvents from the same process: A,B,C and D. Joint product costs are P9,000 ( Round to the nearest peso) Product Barrels SP @ Split-Off Pt. Cost to sell @ Split-off Separable Cost Final sales price A 750 P10.00 P6.50 P2.00 P13.50 B 1,000 8.00 4.00 2.50 10.00 C 1,400 11.00 7.00 4.00 15.50 D 2,000 15.00 9.50 4.50 19.50 If Peter Company sells the products after further processing, the following costs to sell will be incurred: A-P2.50 B-P1.00 C-P3.50 D- P6.00 Using net…XYZ Company manufactures pillows. The Cover Division makes covers and the Assembly Division makes the finished pillows. The covers can be sold separately for P4.00. The pillows sell for P6.00. The information related to manufacturing for the most recent year is as follows: Cover Division Assembly Division Manufacturing costs of division P6,000,000 (60% variable) P1,500,000 (50% variable) Sales to external parties P4,000,000 P7,200,000 Market value of covers transferred from the Cover Division to the Assembly Division P6,000,000 Required: a. Assuming the manager of the pillows division received an offer from an outside supplier for P5,000,000 for all the covers it needs. The covers division cannot increase its sales to outside parties. What will happen to the profit of the company as a whole if the Pillows division accepts the supplier's offer?
- Backer Company manufactures products Katran and Klare from a joint process. Product Katran has been allocated P7,500 of total joint costs of P30,000 for the 1,500 units produced. Katran can be sold at the splitoff point for P4 per unit, or it can be processed further with additional costs of P2,000 and sold for P7 per unit. If Katran is processed further and sold, the result would be A. a gain of P1,000 from further processing. B. a loss of P2,500 from further processing C. an overall loss of P1,500 D. a gain of P2,500 from further processingMarky Ltd has two divisions, assembly and electrical. The assembly division transfers partiallycompleted components to the electrical division at a predetermined transfer price. The assemblydivision’s standard variable production cost per unit is $550. This division has spare capacity, and itcould sell all its components to outside buyers at $680 per unit in a perfectly competitive market.Required:a) Determine a transfer price using the general rule.b) How would the transfer price change if the assembly division had no spare capacity? c) What transfer price would you recommend if there was no outside market for the transferredcomponent and the assembly division had spare capacity? d) Explain how negotiation between the supplying and buying units may be used to set transferprices. How does this relate to the general transfer pricing rule?2. ABC Company uses a joint process to produce products A, B, and C. The joint production costs for 201Awere 500,000 and were allocated using relative sales value at the split-off point method.Each product may be sold at its split-off point or processed further. Additional processing costs are entirelyvariable.ProductsSales Value atSplit-offAdditionalProcessingCostsFinal SalesValueA P300,000 P130,000 420,000B 120,000 100,000 230,000C 250,000 140,000 400,000P670,000 P370,000 P1,050,000 a. To maximize profit, which product/s should be sold at split-off point and be processed further,respectively?b. If the alternative were to sell at split-off point or to process further all products, which alternativewould be recommended?