Of the 12,000 units produced by Hirofumi Company during April 2022, 10,000 units were sold at P50 per unit. Production costs during the month were: Materials P80,000 100,000 Direct labor Factory overhead: Fixed 60,000 Variable 72,000 General and administrative expenses, all fixed, totaled P120,000. Tax rate is 25%.

Of the 12,000 units produced by Hirofumi Company during April 2022, 10,000 units were sold at P50 per unit. Production costs during the month were: Materials P80,000 100,000 Direct labor Factory overhead: Fixed 60,000 Variable 72,000 General and administrative expenses, all fixed, totaled P120,000. Tax rate is 25%.

Name: What is the margin of safety in percentage? Of the 12,000 units produc
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Description: What is the margin of safety in percentage? Of the 12,000 units produced by Hirofumi Company during April 2022, 10,000 units were sold at P50 perunit.Production costs during the month were:MaterialsP80,000100,000Direct laborFactory overhead:Fixed60,0

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 23E: Orinder Company provided the following information for the last calendar year: During the year,...

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Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual variable unit cost is as follows: Fixed overhead was 320,000. Fixed selling expenses consisted of advertising copayments totaling 110,000. Fixed administrative expenses were 236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was 148,000 for 4,000 juicers. The value of ending inventory reported on the financial statements was a. 55,500 b. 92,500 c. 66,500 d. 39,900
Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and administrative costs next year. Direct labor costs at 5 per hour are expected to total 50,000. If factory overhead is to be applied per direct labor hour, how much overhead will be applied to a job incurring 20 hours of direct labor? a. 120 b. 260 c. 28 d. 140
Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Refer to Exercise 2.21. Last calendar year, Ellerson recognized revenue of 1,312,000 and had selling and administrative expenses of 204,600. Required: 1. What is the cost of goods sold for last year? 2. Prepare an income statement for Ellerson for last year.
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Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual variable unit cost is as follows: Fixed overhead was 320,000. Fixed selling expenses consisted of advertising copayments totaling 110,000. Fixed administrative expenses were 236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was 148,000 for 4,000 juicers. The value of ending inventory reported on the financial statements was Refer to the information in 2.24. The gross margin percentage for last year was a. 12.57% b. 55.67% c. 28.95% d. 38.33%
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