Mar company 35. Mor Compony hod 15.000 units of groduci A on hond at Jonuary 1. 221. costingP21 ecch. Prchases of product A duing the month of Jonuary were os fdiovs:UnitsUnit CostJonuory 1018282.00025,00010.000222324A physico count on Jonugy 31, 2001 show 25.000 units of product A on hond.The cost of thelnventory at january 31, 2021 under the RF0 melhod is0. 585.000b. 555,000C. 535.000d. 525,000

FIFO: FIFO stands for First-In, First-out. On this method inventory purchased first will be sell out…

35. Mo Compony hod 15.000 units of produci A on hond d Jonuory 1. 2A21, Costing P21 ecch. Puchoses of product A duingthe month of Jonuary were os idlovs: Units 2.000 25,000 10.000 Unit Cost Jonuory 10 18 22 23 28 24 A physico count on Jonugy 31, 2001 shows 25000 units of product A on hond. The cost of thelnventcry at January 31, 2021 under the RF0 meihod is O. 585.000 b. 555,000 C 535.000 d. 525,000

35. Mo Compony hod 15.000 units of produci A on hond d Jonuory 1. 2A21, Costing P21 ecch. Puchoses of product A duingthe month of Jonuary were os idlovs: Units 2.000 25,000 10.000 Unit Cost Jonuory 10 18 22 23 28 24 A physico count on Jonugy 31, 2001 shows 25000 units of product A on hond. The cost of thelnventcry at January 31, 2021 under the RF0 meihod is O. 585.000 b. 555,000 C 535.000 d. 525,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PS-10: Zurich:Company provldod Iho following.ilnformation porlainlng to he movement of jie Total P3,600 :7,000 raw matorlals lnvontory for: lho'month of Soptomber 2015: Quantly 300 500 400 500 400 100 100 Unit Cost P12 Boglnning balanco. 3 Rocolvod fromisuppllor. 9 :" İssued lo, prodúctlon; 16 Sept. 6,500 "Rocelvod from suppller 18. Issuodito prodüctlon. 21 Recelvod from:suppller . 26 Issuad to productlon 1,600 There were'no inventorles of Indirect materlals:" Řequired: Case 1-Calculate the costiof materials usediand ending inventory:ünder:each:of the following. FIFO-perlodic b FIFO-perpotual LIFO- periodíc LIFO – perpetual.: Average-periodie Average:- perpetuali Case 2- Assuming after physical inspęction on: September 30th; Zurich determined that there were only 480 units left on hand, calculatë the cost of rawmaterials and: ending inventory under each of the following: FIFO periodic. FIFO.- perpetual. LIFO=periodic. d: LIFO.- perpetual Average -periodic Average = perpetual CS Scanned…
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5. Suppose that Dara manufactures 4 products: A, B, C and D. output and cost data for period just ended are as follows: A B с D Output units 10 10 100 100 Number of production runs in the period hour rate) 2 2 5 Direct labor cost per hours: $5 Overhead costs Short-run variable costs Set-up costs Expediting and scheduling costs Materials handling costs 2. ABC 5 14 Material cost per unit 20 80 20 80 Direct labor hours per unit 1 3 1 3 Machine hours per unit $ 3,080 10,920 9,100 7,700 30,800 ▪ Required Prepare unit costs for each product using: 1. Conventional absorption costing, (Assume that, in the traditional absorption costing system, overheads are a direct labor 1 3 1 3
If the prime cost 70 700 ID ,- 2 manufacturing overhead 12 00O ID, beginning work inproces inventory 4 000 ID ,ending work inproces inventory 6 0O ID ,the cost of goods * . (.. .). manufactured are
5. St Bernard Compony manu factures a Proouct A-19 with the following Dnit standords re lated to direct laler Standarol hours: 5 hours per unit Standard rate $12 per hour Budlg et 850 4250 Aotual 960 prooduction (units: Oirect labor hours: Direct lobor vasiance : $3,672 unfavorouble Direct labor effcieny variare; 85,760-faronle What oas he aclucl dire ct lolor rote per nour? Answer:
in Feed | LinkedIn studenthomeworks.... Hours Calculator: S... Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,900; and selling expenses, $45,290. Oa. $384,200 Ob. $731,700 Oc. $187,900 Od. $543,800 Chock M. Marl البال ghmentSessionLocator=&inprogress=false Login to Applicant... 3 BMTX: Card Status South University Disney+ | Movies a... W a O 2 46°F Previous 4x » (? Next ENG 10:09 PM US 3/25/2023
The East Company manufactures several different products. Unit costs associated with Product ORD210 are as follows: Direct materials $54Direct manufacturing labor 8Variable manufacturing overhead 11Fixed manufacturing overhead 25 Sales commissions (2% of sales) 5Administrative salaries 12Total$115What are the period costs per unit associated with Product ORD203 ? Oa. $120 b. $50 c. $17© d $18
10
3G IY:01 АВС.pdf > rcises 5-21 ABC, process costing. Parker Company produces mathematical and financial calculators and oper- ates at capacity. Data related to the two products are presented here: Mathematical Financial Annual production in units 50,000 S150,000 $ 50,000 2,500 25,000 50 100,000 $300,000 $100,000 5,000 50,000 Direct material costs Direct manufacturing labor costs Direct manufacturing labor-hours Machine-hours Number of production runs Inspection hours 50 1,000 500 • CHAPTER 6 ACTIMITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT Total manufacturing overhead costs are as follows: Total Machining costs Setup costs Inspection costs $375,000 120,000 105,000 Required 1. Choose a cost driver for each overhead cost pool and calculate the manufacturing overhead cost per Acti unit for each product. Go to 2. Compute the manufacturing cost per unit for each product. .
Kukrudu Co. Ltd produces three modules of a product namely Hwentsia (H), Prekese (P) andKakaduro (K).The following data related to the products for the period.H K P TotalGH¢‘000 GH¢‘000 GH¢‘000 GH¢‘000Direct Material 150 240 200 590Direct Labour Cost 14.4 24 54 92.4OverheadsMachine settings 26Overhead Processing 64Warehouse Cost 93Energy to run machine 42Shipping 36A consultant, Mr. P. S. Initiative recommended the following after a detailed study of the company’s production process.ACTIVITY COST DRIVER ACTIVITY LEVELH K Pa. Machine setup No. of Production runs 22 34 44b. Sales order processing No. of sales received 400 600 600c. Warehouse cost No of units held in inventory 200 200 400d. Energy Machine Hours 10,000 16,000 24,000e. Shipping No. of Units shipped 1000 4000 10,000It is the policy of the Kukrudu Co. Ltd. to make a profit margin of 25% on its products.Required:Calculate the selling price of each of the three (3) products(all calculations should be to the nearest Ghana cedi).
Compute the average cost per unit of product R14 using ABC system.
UrUCr quantny (EUQ). V C.S. 50 10% C in respect of which the following apply: Raw materials Minimum level Usage Order level Re-order Delivery period (weeks) Price per unit of product kg quantity per kg Re kg 1 to 3 3 to 5 2 to 4 8,000 4,750 10 10,000 0.10 4. 5.000 10.000 0.30 2,000 C. 0.15 the quantities of the following to be: (a) Minimum stock of A, (b) Maximum stock level of B, (c) Re-order level of C, and (d) Average stock level of A ? (B.Com., Madras; C.A. Inter