What is Cost of Goods Sold for NUBD Co.’s first year?
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What is Cost of Goods Sold for NUBD Co.’s first year?
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- Assume that the costs per EUP for material and conversion are P1.00 and P1.50, respectively. Using FIFO, what is the total cost assigned to the transferred-out units (rounded to the nearest peso)? P237,000 P224,938 P244,438 P245,750The following data were taken from the first year absorption based accounting records of Stan Corp.. Total fixed costs incurred, P100,000 Total variable costs incurred, P50,000 Total period costs incurred, P70,000 Total variable period costs incurred, P30,000 Units produced, 20,000 Units sold, 12,000 Unit sales price, P 12.00 If Stan Corp had used variable costing in first year of operations, how much income/loss before tax would it have reported?The following information is available for XYZ Company. Joint Costs amounted to P164,000. Products Units Produced Disposal Costs MV per unit at Split-off (in Peso) Additional Processing Costs Final MV per unit A 28,000 4,000 8.00 50,000 11.50 B 34,000 1,000 7.00 30,000 10.00 C 20,000 5,000 9.50 35,000 14.00 Show the joint cost allocation and the total costs per each product using the following different methods: 1. Physucal output method/ Average unit cost method 2. Market value at split-off method 3. Net realizable value method (approximated market value at split-off)
- Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales$ 55,000Variable expenses33,000Contribution margin22,000Fixed expenses14,960Net operating income$ 7,04015. Assume that the amounts of the company’s total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $14,960 and the total fixed expenses are $33,000. Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 5% increase in unit sales? (Round your intermediate calculations and final answer to 2 decimal places.)Swifty Company gathered the following data about the three products that it produces: Product PresentSales Value Estimated AdditionalProcessing Costs Estimated Salesif Processed Further A $10200 $7100 $18300 B 12200 4100 15300 C 9200 2100 13300 Which of the products should not be processed further? Product B Product A Product C Products A and CBonita Company gathered the following data about the three products that it produces: Product PresentSales Value Estimated AdditionalProcessing Costs Estimated Salesif Processed Further A $12200 $7200 $23000 B 19000 4600 22500 C 13000 2800 19500 Which of the products should not be processed further?
- Cash Co makes AA and CC from a basic raw materials. For the year 2020, the all inclusive cost of the basic process amounted to P960 000 which was allocated on the basis of relative number of units produced. Additional data for the year 2020 are given below: AA CC Unit Produced 160000 80000 Unit selling price at split off P 5 7 unit selling price after additional process P 8 14 Additional Processing Cost P 640000 400000 Required The all-inclusive joint cost should be allocated to CC on what ratio (Convert to percentage and round off to two decimal places.) The all-inclusive joint cost should be allocated to AA on what ratio (Convert to percentage and round off to two decimal places.)Marigold Company gathered the following data about the three products that it produces: Product PresentSales Value Estimated AdditionalProcessing Costs Estimated Salesif Processed Further A $10400 $7200 $18600 B 12400 4200 15600 C 9400 2200 13600 Which of the products should not be processed further? a. Product C b. Products A and C c. Product B d. Product ACoronado Company gathered the following data about the three products that it produces: Product PresentSales Value Estimated AdditionalProcessing Costs Estimated Salesif Processed Further A $11200 $7600 $19800 B 13200 4600 16800 C 10200 2600 14800 Which of the products should not be processed further? Products A and C Product C Product A Product B
- Following are sales and other operating data for the three products made and sold by Legacy Corporation: Product A B C Total Sales P 600,000 P 300,000 P 200,000 P 1,100,000 Less: Manufacturing costs: Fixed 60,000 20,000 60,000 140,000 Variable 280,000 220,000 100,000 600,000 Selling and administrative expenses: Fixed 20,000 20,000 12,000 52,000 Variable 40,000 20,000 30,000 90,000 Total costs P 400,000 P 280,000 P 202,000 P 882,000 Net income P 200,000 P 20,000 P (2,000) P 218,000 Required: (Support your answers by showing your computations.) 1. In view of the net loss for Product C, Legacy’s management is considering dropping that product. All variable costs are direct costs and would be eliminated if Product C were dropped. Fixed costs are indirect costs; no fixed costs would be eliminated. Assume that the space used to produce Product C would be left idle. 2. Would you…Waterberry Company operates a single - product entity. Data relating to the produ follows.Time left 1:07:22it ofAnnual volume 64 000 units Selling price per unit $50Variable manufacturing cost per unit14Annual fixed manufacturing costs 640 000Variable marketing and distribution costs per unit6Annual fixed non - manufacturing costs 320 000What is the total variable cost per unit of the above product?a.bC.d.$6$14520$13ALASKA Company manufactures products F, G and W from a joint process. Joint costs are allocated on the basis of relative sales value at split-off. Additional informaton for the June 20x1 production activity as follows: F G W Total Units produced 50,000 40,000 10,000 100,000 Joint costs ? ? ? P450,000 Sales value at split-off P420,000 P270,000 P60,000 P750,000 Additional costs if processed further 88,000 30,000 12,000 130,000 Sales value if processed further 538,000 320,000 78,000 936,000 Assuming that the 10,000 units of W were processed further and sold for P78,000, what was ALASKA's gross profit on this sale?
