Homework Help is Here – Start Your Trial Now!
Business
Accounting
Milk ght of Cheese ield

Milk ght of Cheese ield

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
100%
+ Kg Raw Milk 10.00 Weight of Cheese 1.80 % Yield 18% 2. Costing. Using the given information, compute the following: Unit Cost Total Cost Item Inclusion (kg) per kg (Php) (Php) 1. Raw Milk 10.00 35.00 350.00 2. Table Salt 0.30 2.00 0.60 3. Rennet 0.003 30,000.00 90.00 440.60 Ingredients Ingredient Cost (IC) 4. Processing Cost (PC) = (20% of IC ) 5. Total Cost (IC+PC) Price per 200-gram cheese Show your computation here: 0
Transcribed Image Text:+ Kg Raw Milk 10.00 Weight of Cheese 1.80 % Yield 18% 2. Costing. Using the given information, compute the following: Unit Cost Total Cost Item Inclusion (kg) per kg (Php) (Php) 1. Raw Milk 10.00 35.00 350.00 2. Table Salt 0.30 2.00 0.60 3. Rennet 0.003 30,000.00 90.00 440.60 Ingredients Ingredient Cost (IC) 4. Processing Cost (PC) = (20% of IC ) 5. Total Cost (IC+PC) Price per 200-gram cheese Show your computation here: 0
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

Where is 18% came from?? 

Total cost = Php 528.72 Selling price = Php 528.72 +18% = Php623.89 1.8kg cheese = Php 623.89 For 200gm cheese = (Php623.89 /1800)×200 200 gm cheese = Php 69.32 [1kg = 1000gm]
Transcribed Image Text:Total cost = Php 528.72 Selling price = Php 528.72 +18% = Php623.89 1.8kg cheese = Php 623.89 For 200gm cheese = (Php623.89 /1800)×200 200 gm cheese = Php 69.32 [1kg = 1000gm]
Solution
Bartleby Expert
SEE SOLUTION
Follow-up Question

For the price per 200 gram, why its total cost is still 528.72?

4. Processing Cost (PC) = (20% of IC) 5. Total Cost (IC+PC) Price per 200-gram Cheese 200/1000 = 0.2 kg 2643.6 88.12 528.72 528.72
Transcribed Image Text:4. Processing Cost (PC) = (20% of IC) 5. Total Cost (IC+PC) Price per 200-gram Cheese 200/1000 = 0.2 kg 2643.6 88.12 528.72 528.72
Solution
Bartleby Expert
SEE SOLUTION
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS