Harry and Mary each produce 221 pieces of jig per hour. Because of poor craftmanship, 20 pieces produced by mary does not conform with specifications and repaired at a unit cost of PhP 4. Material cost per piece is Php8. if each worker is paid Php35, determine the cost per acceptable piece for mary.
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- Harry and Mary each produce 138 pieces of a jig per hour. Because of poor craftsmanship, 20 pieces produced by Mary does not conform with specifications and repaired at a unit cost of PhP3. Material cost per piece is Php8. If each worker is paid PhP33, determine the cost per acceptable piece for Mary.A customer ordered a window frame. In doing the job, it requires iron bars with a total worth of ₱4,000. Two employees are assigned for the job and each of them will work 8 hours. The hourly rate of the employees is ₱75.00. The pre-determined overhead rate (POHR) is ₱100 that is based on the total working hours of the employees. The cost of the window frame would be? a. ₱6,000 b. ₱6,800 c. ₱4,175 d. ₱5,400Roe manufactures and sells cloth facial masks. Per unit direct material and direct labor costs are $1 and $2 respectively. Other than these costs, Roe pays $1,000 for rent, $1,500 for the floor manager's salary, and recognizes $300 depreciation on the equipment every month. Roe sells each mask at $10. If Roe sells 500 masks, what would be Roe's total revenue and total costs? Group of answer choices Total revenue: 5,000; Total costs: 1,500 Total revenue: 5,000; Total costs: 4,300 Total revenue: 3,500; Total costs: 1,500 Total revenue: 3,500; Total costs: 2,800
- ABD Company manufactures wooden rocking chairs. ABD identified the following three material costs in its production process for July: PhP5,000,000 for springs for the rocking mechanism; two springs at a cost of PhP500 each are used in each chair; PhP85,000 for glue used as needed from one-gallon containers; and PhP25,000 for stain used to touch up spots on the chairs. How much is the total cost that should have been assigned to indirect materials for July? Show the solution.Edmund Supplies Company sold 3,170 metal connectors on account to Door Incorporated for $200 each on September 15. Each metal connector costs Edmund $150 to make. Door has 60 days to return the unused goods. Edmund believes that Door will ultimately return 75 of the connectors. On September 29, Door returns 50 connectors. Edmund has a September 30 fiscal year end. At year end, Edmund believes 75 connectors is a good estimate of the total that will be returned. The cost of recovering these products is immaterial. Edmund expects to be able to resell these goods for a profit. Instructions Prepare the following journal entries on the books of Edmund Company: Entries to record the initial sales on September 15. Entries to record the return of goods September 29. Entries to record the year-end adjustment based on estimated returns on September 30.Harold Manufacturing produces denim clothing. This year, it produced 5,000 denim jackets at a manufacturing cost of $45 each. These jackets were damaged in the warehouse during storage. Management investigated the matter and identified three alternatives for these jackets. 1. Jackets can be sold as is to a secondhand clothing shop for $6 each. 2. Jackets can be disassembled at a cost of $32,000 and sold to a recycler for $12 each. 3. Jackets can be reworked and turned into good jackets. However, with the damage, management estimates it will be able to assemble the good parts of the 5,000 jackets into only 3,000 jackets. The remaining pieces of fabric will be discarded. The cost of reworking the jackets will be $102,000, but the jackets can then be sold for their regular price of $45 each. Required Which alternative should Harold choose? Show analysis for each alternative.
- Harold Manufacturing produces denim clothing. This year, it produced 5,000 denim jackets at a manufacturing cost of $45 each. These jackets were damaged in the warehouse during storage. Management investigated the matter and identified three alternatives for these jackets. 1. Jackets can be sold as is to a secondhand clothing shop for $6 each. 2. Jackets can be disassembled at a cost of $32,000 and sold to a recycler for $12 each. 3. Jackets can be reworked and turned into good jackets. However, with the damage, management estimates it will be able to assemble the good parts of the 5,000 jackets into only 3,000 jackets. The remaining pieces of fabric will be discarded. The cost of reworking the jackets will be $102,000, but the jackets can then be sold for their regular price of $45 each. Required: 1. Calculate the incremental income. Alternative 1 Sell to a secondhand shop Alternative 2 Disassemble and sell to a recycler Alternative 3 Rework and sell at regular prices Incremental…Lily Inc. manufactures furniture. During the current period, 160 tables wereincorrectly shaped on job number 222 and had to be replaced. Although the detective table legs cannot be used on the job, they can be sold to a local lumber company for P2 each. The cost of the 160 defective table legs is: Materials (160 legs x P5.00); Labor (4 hours x P24.00 per hour) and Manufacturing overhead (4 hours x P48.00 per hour). How much willbe debited to Manufacturing Overhead Control?a. P768b. P320c. P1,088d. P 0A small tech store sells 150 keyboards each month, loss of goodwill cost is $4/Unit whereas loss of profit is $11/Unit. Assess the penalty cost for the entire month of this tech store.
- Harold Manufacturing produces denim clothing. This year, it produced 5,280 denim jackets at a manufacturing cost of $41.00 each. These jackets were damaged in the warehouse during storage. Management investigated the matter and identified three alternatives for these jackets. 1. Jackets can be sold to a secondhand clothing shop for $7.00 each. 2. Jackets can be disassembled at a cost of $32,800 and sold to a recycler for $11.00 each. 3. Jackets can be reworked and turned into good jackets. However, with the damage, management estimates it will be able to assemble the good parts of the 5,280 jackets into only 3,050 jackets. The remaining pieces of fabric will be discarded. The cost of reworking the jackets will be $101,400, but the jackets can then be sold for their regular price of $41.00 each. Required: 1. Calculate the incremental income. Incremental revenue Incremental costs Incremental income Alternative 1 Sell to a second- hand shop Alternative 2 Disassemble and sell to a recycler…GYM Machine Shop manufactures jacks equipment. One order comes from Muscle, Inc. for 2,000 jacks, which showed the following costs per unit: Materials $40.00 Labor $17.50 FOH is 160% of direct labor cost (with 10% allowance for reworking defective units) Final inspection revealed that 150 of the jacks were not properly produced. Correction of each unit requires 2.00 for materials, 3.00 for labor and factory overhead at an appropriate rate. 1. If defect is the result of internal failure, what is the cost of each unit of jacks produced? a. $78.27b. $85.50c. $80.39d. $84.46 2. If defect is the result of change in specifications imposed by the customers, what is the cost of each unit of jacks produced? a. $78.27b. $85.50c. $80.39d. $84.46An unfinished desk is produced for $36.00 and sold for $65.00. A finished desk can be sold for $75.00. The additional processing cost to complete the finished desk is $5.95. Provide a differential analysis for further processing.