The following information is available for a company. How much of the factory rent should be charged to Department S? Factory rent = £15,000 Departments R S T 1,250 2,500 1,250 30 40 30 200 200 200 Bases of apportionment Floor area (square metres) Machine utilisation (%) No. of employees a) £7,500 b) £3,750 c) £5,000 d) £6,000

The following information is available for a company. How much of the factory rent should be charged to Department S? Factory rent = £15,000 Departments R S T 1,250 2,500 1,250 30 40 30 200 200 200 Bases of apportionment Floor area (square metres) Machine utilisation (%) No. of employees a) £7,500 b) £3,750 c) £5,000 d) £6,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CDQ: How would each of the following costs be classified if units produced is the activity base? a....

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The following information is available for a company. How much rent and rate costs should be apportioned to Department Z? Rent and rate costs 15,000 Bases of apportionment Departments x floor area (square metres) 2000 Machine utilisation (%) 60 No. of employees 100 department y floor area (square metres) 2000 Machine utilisation (%) 10 No. of employees. 200 department z floor area (square metres) 2000 Machine utilisation (%) 30 No. of employees. 300 A. £7,500 B £6,000 C. £3,000 D. £4,500
What is the total fixed cost of the shipping department of Tokyo Clothing Company if it has the following information for 2015? • Salaries – P 400,000 (75% of employees on guaranteed contracts) • Packaging – P 200,000 depending on the size of item(s) shipped • Postage – P 250,000 depending on weight of item(s) shipped • Rent – P 180,000 annual lease for warehouse space
What is the total fixed cost of the shipping department of Tokyo Clothing Company if it has the following information for 2015? • Salaries – P 400,000 (75% of employees on guaranteed contracts) • Packaging – P 200,000 depending on the size of item(s) shipped • Postage – P 250,000 depending on weight of item(s) shipped • Rent – P 180,000 annual lease for warehouse space a. P 180,000 b. P 380,000 c. P 480,000 d. P 630,000
For each total fixed cost listed below, determine the fixed cost per unit when sales are 50, 100, and 200 units. Store rent $ 5,000 Manager’s salary 3,000 Equipment lease 500 Depreciation on fixtures 250
Choose the correct letter of answer In 20x2 the Cranky Processing Company had the following data coming from its income statement (in Pesos): Sales, P1,200,000; Variable costs: (a) Goods sold, P400,000 and (b) S&A Expenses, P100,000; Fixed costs: (a) Factory overhead, P110,000, and S&A Expenses, P80,000. Income tax rate is 15%. Determine the required peso sales to provide an after-tax net income of P150,000. a. P261,765b. P176,471c. P366,471d. P628,235
Foster has built a new factory incurring the following costs: Land GH₵1,200,000 Materials GH₵2,400,000 Labour GH₵3,000,000 Architect's fees GH₵25,000 Surveyor's fees GH₵15,000 Site overheads GH₵300,000 Apportioned administrative overheads GH₵150,000 Testing of fire alarms GH₵10,000 Business rates for first year GH₵12, 000. What will be the total amount capitalised in respect of the factory?
How many performance obligation/s are there? Enumerate. Bartle Company signed a contract charging a customer P60,000 to change the windows of a customer's house. The contract includes costs for materials and labor. Bartle would charge P25,000 for materials if sold separately and P50,000 for labor if the customer will purchase the needed materials.
Atlantis Company is placing an ad in the local paper to advertise its products . The ad will run for one week at a total cost of P5,500. Atlantis Company has four categories of products as follows: Product category % of floor space Expected sales occupied value A 20 P35,000 1515,000 45 64,500 D 2025,500 What amount of advertising cost should be allocated to product category A, assuming Atlantis allocates based on percent of floor space occupied ?
ABC Company has the following costs and expenses for the year December 31, 2020. Raw Materials, 1/1/2020 P40,000 Insurance, Factory P14,000 Raw Materials, 12/1/2020 P25,000 Property Taxes, Factory Building P6,000 Raw Materials Purchases P305,000 Sales Revenue P2,000,000 Work-in-Process, 1/1/2020 P60,000 Delivery Expenses P50,000 Work-in-Process, 12/1/2020 P40,000 Sales Commissions P100,000 Finished Goods, 1/1/2020 P120,000 Indirect Labor P55,000 Finished Goods, 12/31/2020 P110,000 Indirect Material P105,000 Direct Labor P400,000 Factory Machinery, Rent P25,000 Factory Manager’s Salary P25,000 Factory Utilities P55,000 Depreciation, Office Equipment P25,000 Administrative Expense P250,000 Requirement: Prepare a cost of goods manufactured schedule for ABC Company for 2020. Prepare cost of goods sold schedule for ABC Company for 2020. Prepare Income Statement for ABC Company.
The receiving department of a firm performs 12,000 hours of uploading work and costs $60,000 per year. What is the activity rate for the receiving department? a.$4.50 per hour b.$14 per hour c.$4 per hour d.$5 per hour e.Cannot be determined from this information.
Roundhead Corporation’s 2021 manufacturing costs were as follows: Prime costs P 4,000,000 Depreciation of factory equipment 600,000 Depreciation of factory building 400,000 Salaries of janitor assigned in factory premises 120,000 Salesmen’s commission based on sales 200,000 Depreciation for delivery van 150,000 How much of these costs should be considered product / manufacturing costs or inventoried for external reporting purposes? Group of answer choices P 5,470,000 P 5,120,000 P 4,120,000 P 4,000,000
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