Materials Php 65,000.00 (Php 15,000.00 is indirect) Labor Php 70,000.00 (Php 18,000.00 is indirect) Factory overhead Php 95,000.00 (including indirect materials and indirect labor) Unit Produced 1,000  Sold800 General and administrative expense Php 2,600.00 Office Salaries Php 18,600.00 4. Compute total period cost 5. If the selling price is Php 50.00 compute net

Q: Kyrie Company produces different sizes of basketballs. The following costs were incurred during the…

A: The cost sheet is prepared to allocate the total cost into different categories such as prime cost,…

Q: Variable Costs Fixed Costs per Month Direct material $8.00/unit Supervisory salaries $21,420 Direct…

A: The flexible budget is prepared on the basis of actual production units produced.

Q: is 2. Direct labor- The standard rate P60 per hour.r. The company operated at 10,000 direct labor…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Costs at normal are given below. Total Cost Unit Cost P 9.80 4.50 12.00 P 4,900,000 2,250,000…

A: While making the decisions for the special orders, producers must consider the relevant cost of…

Q: Input Cost/Block Direct materials 0.5 Ib. @ $12/lb. $ 6.00 Direct manufacturing labour 1.4 hours @…

A: Fixed overhead spending variance The calculation of fixed overhead spending variance is the actual…

Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…

A: Product cost are all manufacturing cost. Period cost are all cost which were not included in…

Q: Sales units Sales dollars Production units March 12,000 $144,000 12,300 April 15,000 $180,000 15,300…

A: Manufacturing overhead costs means all type of indirect costs incurred in the production and…

Q: Input required per unit Standard cost per unit Standard cost per unit  Direct Materials 6 kg per…

A: Budgeted hours = normal capacity x budgeted hours  per unit = 400 units x 5 hours x 12 months =…

Q: Last year. Abner Company incurred Direct materials Direct labor Factory overhead Selling expense…

A: Prime cost is the direct cost of production that includes direct material and direct labor. it does…

Q: .a. From the following data relating to the manufacture of a standard product during the month of…

A: The Cost Sheet is a statement that shows the different components of costs involved in the…

Q: The Koski Company has established standards as follows:   Direct material 3.40 pounds at…

A: Given the following information: Standards for Production: Direct material 3.40 pounds at…

Q: Kyrie Company produces different sizes of basketballs. The following costs were incurred during the…

A: The answer is stated below:

Q: The following were taken from the books of GK Company:  January 1:  RM P270,000; WIP P0; FG P45,000…

A: Following formulas were used Production cost for the year = RM used  +DL + Factory overhead Nos of…

Q: Prime Costs P560,000 Factory manager's salary 96,000 Variable factory overhead 80,000 Office…

A: 1. Prime costs 560000 variable factory overhead 80000 straight line depreciation on plant…

Q: Johnson Company has the following records:…

A: Raw materials used = Beginning Raw materials  + purchases of direct materials - ending Raw materials…

Q: Standard Price or Rate Direct Materials P6.00 per meter Direct Labor Variable Factory Overhead P3.00…

A: The variance is the difference calculated between actual results and standard budget of the…

Q: Neelopak Berhad prepared the standard cost data for one of their products. Direct Labour (0.65…

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Q: Direct labor 400,000 Indirect labor 180,000 Sales commissions 104,000 Administrative salaries…

A: Journal: Journal is considered as a book of original entry because all the transactions that have…

Q: Input Cost/Block Direct materials 0.5 Ib. @ $12/lb. $ 6.00 Direct manufacturing labour 1.4 hours @…

A: Variances mean the difference in the budgeted and actual figures. These can have both favorable (F)…

Q: Direct materials used OMR 24,000 Direct labor OMR 36,800 Sales salaries OMR 19,200 Indirect labor…

A: Total manufacturing overheads are the sum of all indirect costs incurred in the process of…

Q: Problem 1- Jodi company presented the following cost data relating to its product: Cost per unit…

A: Cost are the expenses which are incurred to produce a good or a service. It can be classified…

Q: Estimated Estimated Variable Cost Fixed Cost (per unit sold) Production costs: Direct materials…

A: Contribution Margin Ratio - It is the difference between a company's sales and variable costs,…

Q: Raw materials consumed =15,000 Direct labour charges =9,000 Machine hours worked -900 hrs Machine…

A: Cost per unit can be calculated based on total sales and total cost incurred. Total cost incurred…

Q: A manufacturing company has provided the following cost data for a recent period: Direct materials…

A: Solution:- We know, prime cost means the total direct cost incurred by the entity during its…

Q: he following costs were incurred in February: Direct materials = PhP1,950,000 Direct labor =…

A: Prime cost consists of direct material cost, direct labor cost & directly chargeable expenses.…

Q: he following were taken from the books of Medollar Company: January 1: RM P270,000; WIP P0; FG…

A: Solution 1: Production cost for the year = DM used  +DL + Factory overhead  = P2,295,000 +…

Q: ( a ) Period cost ( b ) Expected manufacturing overhead cost for a production level of 60,000…

A: Product cost means the cost of producing one unit of finished goods. Period cost means the cost that…

Q: You are required to calculate: vii) Variance of fixed overhead expenses viii) Variance of fixed…

A: vii) Fixed Overhead Expense Variance = Budgeted Fixed Overhead - Actual Fixed Overhead Actual Fixed…

Q: Standard Price or Rate Direct Materials Direct Labor Variable Factory Overhead P6.00 per meter ?…

A: Direct material cost variance = Standard cost for actual production - Actual cost = P84,000 -…

Q: Product Data   Model A Model B Units produced per year 10,000 100,000 Prime costs $153,000…

A: Overhead means the cost incurred indirect in factory for the production of goods. Manufacturing…

Q: Input required per unit Standard cost per unit Standard cost per unit  Direct Materials 6 kg per…

A: Variable overhead efficiency variance is a variance between the actual hour that should be taken to…

Q: Total Manufacturing Costs ₱325,000 Applied Overhead Costs, 75% of direct labor cost…

A: Manufacturing cost = P 325000 Manufacturing overhead = P 75000 Labor = Manufacturing overhead/0.75…

Q: Direct material used in production OMR 15,000: direct wages incurred OMR 9,500: direct expenses…

A: Absorption rate for Prime cost is calculated by dividing the total overhead costs by the prime cost…

Q: Direct materials used OMR 24,000 Direct labor OMR 36,800 Sales salaries OMR 19,200 Indirect labor…

A: The manufacturing cost includes all the expenses that are related in the process of manufacturing.

Q: ompany produces a single product. The standard costs for one unit of product are as follows: Direct…

A: Variances: Variances mean the difference between the standard and the actual activity during a…

Q: Sales (17,500 units)   $1,750,000   Production costs (23,000 units):     Direct materials…

A: Under the Absorption  Costing method, there is no difference between variable cost and fixed cost.…

Q: Standard Quantity 15 sq. ft. 10 hrs. Standard Price (Rate) $ 5 per sq. ft. $15 per hr. Standard Unit…

A: Standard costing: Under this costing method, the expected costs are used in the accounting records…

Q: The following information relates to Drexler Inc.’s Year 3 nancials:

A:

Q: Sales (10,500 units) $1,470,000 Production costs (14,000 units): Direct materials $725,200 Direct…

A: Only Difference between Absorption and Variable costing is Treatment of Fixed Factory Overhead. In…

Q: Dani Corp incurred costs of P50,000 for direct materials (raw) purchased. Direct labor was P60,000…

A: Cost of goods manufactured consist of the costs incurred for making of an product which includes…

Q: Neelopak Berhad prepared the standard cost data for one of their products. Direct Labour (0.65 hours…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: The following information relates to Drexler Inc.’s Year 3 financials:

A:

Q: Calculate the (1) Total Manufacturing Overhead, (2) Selling Expenses and (3) Administrative Expenses…

A: Manufacturing overhead is the cost of making of the good. It do not include the direct costs…

Q: 10. Mabanglo charges manufacturing overhead to products by using a predetermined appiication rate,…

A: Predetermined overhead rate = Budgeted overhead cost/Total budgeted machine hours  It is pertinent…