Cost of Materials Used P40,000 P55,000 P32,000 P28,000 P18,000 P28,000 P18,000 Direct Labor costs Factory Overhead Work in Process, beg. Work in Process, end. Finished Goods, beg. Finished Goods, end.

Q: How do you calculate Cost of goods purchased

A: Cost of goods purchased (COGP) refers to the total cost incurred by a company to purchase inventory…

Q: How can I get Cost of Sales

A:

Q: How is standalone selling price defined?

A: Performance Obligation: Performance obligation refers to the obligation that the seller to provide…

Q: st of googs sold and intrest expens

A: The cost of goods sold can be calculated by using the inventory turnover ratio. Inventory turnover…

Q: What does the gross profit percentage measure, and how is it calculated?

A: Gross margin percentage: The percentage of gross profit generated by every dollar of net sales is…

Q: What is a merchandiser?

A: Merchandiser is a business that purchases goods  and resells to customers…

Q: How is the profit margin on sales calculated?

A: Profit margin on sale: it's categorized under profitability ratio , generally this ratio is used to…

Q: Baskin Robbins is one of the world's largest specialty ice cream shops. The company offers dozens of…

A: The gross profit ratio is one of the financial ratios that determine the percentage of gross profit…

Q: What is a purchase return? How does a purchase allowance differ from a purchase return?

A: Purchase return: Purchase return refers to return of merchandise or goods purchased by customers to…

Q: how do you get sales revenue?

A: Required  How do you get sales revenue?

Q: What are the pitfalls of franchising?

A: Franchising is a licensing that one party takes from the business owner. It allow that party to…

Q: with what internal and external entities does the purchasing process interact?

A: The purchasing process is a key function within an organization that involves buying goods and…

Q: What is the definition net cost of purchases?

A:

Q: how is the selling price computed

A: Formula: Selling price=Cost100%-Gross profit ratio

Q: What is the difference between the methods of calculating cost of goods, periodic vs perpetual?

A: Inventory: Inventory refers to the goods purchased or material purchased and manufactured which is…

Q: what primary functions does the purchasing process perform? Explain

A: The first function of the purchasing process is the identification of the requirement. This involves…

Q: what is the cost of goods available for sale

A: The cost of goods available for sale is the sum of beginning inventory and the goods produced during…

Q: What makes up gross income?

A: Gross income is direct income of a business generated from direct revenues of the company. It is an…

Q: What are the two types of merchandisers? How do they differ?

A:

Q: Define the term merchandiser.

A: Cost accounting system: Cost accounting system of an organization consists of procedures and…