Fill in the blanks: Leo Company has a herd of 15, one year old animals in January 1, 2021. Three animals were born on July 1, 2021. Fair value per unit less costs to sell are summarized below: One-year old animal at January 1, 2021 P4,500.00 New Born animal at July 1, 2021 3,000.00 One year old animal at December 31, 2021 4,600.00 New born animal at December 31, 2021 3,300.00 Two year old animal at December 31, 2021 5,500.00 0.5 year old animal at December 31, 2021 3,400.00 Required: a Compute for the physical change b Compute for the price change

Fill in the blanks: Leo Company has a herd of 15, one year old animals in January 1, 2021. Three animals were born on July 1, 2021. Fair value per unit less costs to sell are summarized below: One-year old animal at January 1, 2021 P4,500.00 New Born animal at July 1, 2021 3,000.00 One year old animal at December 31, 2021 4,600.00 New born animal at December 31, 2021 3,300.00 Two year old animal at December 31, 2021 5,500.00 0.5 year old animal at December 31, 2021 3,400.00 Required: a Compute for the physical change b Compute for the price change

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 7E: Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The...

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A group of thirty 2-year old cattle was held at January 1, 2021. On this same date, additional five 2-year old cows were purchased at P12,500 each and five healthy calves were born. No cows or calves were sold during the year. Per unit fair values less costs to sell were as follows: January 1, 2021 2-year old cattle-12,500 Newborn cattle-4,000 December 31, 2021: 3-year old cattle-15,000 2-year old cattle-13,000 1-year old cattle-7,000 Newborn cattle-4,500 The company records separately the increase in fair value less costs to sell due to physical change and due to price change. How much is the change in fair value less costs to sell due to price change? *
.A group of thirty 2-year old cattle was held at January 1, 2021. On this same date, additional five 2-year old cows were purchased at P12,500 each and five healthy calves were born. No cows or calves were sold during the year. Per unit fair values less costs to sell were as follows: January 1, 2021: 2-year old cattle-12,500 Newborn cattle-4,000 December 31, 2021: 3-year old cattle-15,000 2-year old cattle-13,000 1-year old cattle-7,000 Newborn cattle-4,500 The company records separately the increase in fair value less cost to sell due to physical change and due to price change. How much is reported as change in fair value less cost to sell due to physical change?
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