Opening stock of Raw material is 60000 OMR, Freight Inwards 10000 OMR, Purchases of Raw material 500000 OMR, Purchase returns is 2000 OMR and Closing stock of Raw material is 8000 OMR, Direct Wages is 175,000 OMR direct Expenses is 15000 OMR . Calculate Prime cost. a. None of these b. 760,000 OMR c. 750,000 OMR d. 770,000 OMR

Q: Assume the following cost information for Standard Corporation: Selling price per unit Variable…

A: Break even point = Fixed costs /Contribution margin per unit  where, Contribution margin per unit =…

Q: If cost of goods sold is $520,000 and the gross profit rate is 20%, what is the gross profit? Select…

A: The objective of the question is to calculate the gross profit given the cost of goods sold and the…

Q: . Equivalent units of production based on FIFO are: 100,000 units material, 90,000 units conversion.…

A: Equivalent units are number of units that are completed or manufactured in the particular time…

Q: The area of the graph labeled as (a) would be most representative of the Dollars $25,000 $20,000…

A: Break even means where there is no profit no loss. Break even point means where the total cost and…

Q: A firm had beginning finished goods inventory of 20,000; its cost of goods manufactured was 75,000;…

A: Cost of goods sold = sales - gross margin = 140000 - 80000 = 60,000

Q: Sales Vaiable expen.se $93 000 while Kixled expense ses leman Same el Finds, NeT a FO0 lunits…

A: Cost Volume Profit analysis refers to how the change in volume and costs affect a company's net…

Q: Prime cost is 236000 OMR, and cost of production for the year is 298420 OMR Opening stock of work in…

A: Manufacturing cost is related to production of goods in the factory. It includes all direct material…

Q: 26-If the sales of the company are OMR 300,000, Profit OMR 30,000, variable cost 60%, find out the…

A: Sales revenue: It is the revenue earned by an organization on selling the products to the outsiders.…

Q: III. Break-Even Point 1. Sale Revenue = 450,000 Fixed Cost = 100,000 Cost = 10,000 BP = ? 2. Sale…

A: The Break-even point is the point where the company is no gain and no loss position. The Break-even…

Q: The following information is given to you from which you are required to prepare a Statement of Cost…

A: Based on the given information, here is the Statement of Cost and Sales for the period ended on 30th…

Q: If the company wants to achieve a residual income of P 40,000 using an imputed interest charge of…

A: Residual income is the leftover income for company or business after payment of all its expenses and…

Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…

A: Cost of goods available for sale means how much cost of goods can be sold in a particular period. It…

Q: If White Mountain Railway's fixed costs total $80,000 per month, the variable cost per passenger is…

A: Contribution margin per unit = Selling price per unit - Variable cost per unitContribution margin…

Q: Determine the monthly volatility for these freight costs? (Answer to 3 decimal places) Determine the…

A: The standard deviation informs us how spread apart the statistics in a group are from the average. A…

Q: Required information [The following information applies to the questions displayed below.] Alden…

A: Variable cost per unit is (rigid) remains constant . It is not change due to changes in production…

Q: The cost figures of the KAPA industry for the previous year are (amounts in euro): Initial…

A: According to the question given, we need to compute the cost of production. Cost of production:The…

Q: What is The Relationship between Interest Rate Risk, Default Risk, and Risk Premiums

A: Risk refers to the chances of any changes in the prices of securities underlying with an investor…

Q: AR Opening stock of wo prk in progress is 11750 000, and closing stock c

A: Unit product cost = Cost of goods manufactured / Nos of units produced = 286,000 / 3000 = OMR 95.33…

Q: 1.The cost of goods manufactured for the period is P540,000; Factory overhead is P150,000; Decrease…

A: Solution: Total manufacturing costs incurred during the period  = Total cost of goods manufactured -…

Q: Sales (15,000 pools) $ 675,000 $ 675,000 Variable expenses:     Variable cost of goods sold*…

A: Material Variance reflects the deviations of the actual material costs from the standard costs. It…

Q: Sales revenue is $725,700; allocated manufacturing overhead is $95,100; actual manufacturing…

A:

Q: The cost services is 75% of service income. If the gross profit is P50,000, how much is the service…

A: Gross profit: The difference between the sales and the cost of goods sold is called gross profit.…

Q: pre.8

A: The objective of this question is to calculate the net income of Birdsong Company based on the given…

Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…

A: Prime cost means direct material and direct labour costs. Conversion costs means direct labour cost…

Q: Q1: The total cost function of ABC Co. is TC= 166x + 6.660.000 (x = Annual production). Calculate…

A:

Q: Consider the following figures: Sales £450,000 Opening stock £20,000 Closing stock £30,000 Raw…

A: We have the following information: Sales: £450,000 Opening stock: £20,000 Closing stock: £30,000…

Q: ncrease in raw materials inventory Decrease in goods in process inventory Decrease in finished goods…

A: Cost of goods sold will be the cost of goods manufactured increased by beginning finished goods…

Q: Kendall Company has sales of 1,000 units at $60 a unit. Variable expenses are 30% of the selling…

A: The degree of operating leverage is calculated as contribution margin Divided by operating income.

Q: Assume R100 000 direct material was issued to the company. Direct labour paid amounted to R30 000.…

A: The total manufacturing costs is the sum of the direct materials, direct labour, and manufacturing…

Q: the following selected Variable costs Direct materials used Direct labor Manufacturing overhead…

A: The product costs are the costs that directly or indirectly relate to the production process. The…

Q: Year    Production-units     Total Cost       2015    100,000     $ 500,000.00      2016    150,000…

A: Highest level is found at year 2019 Lowest level is found at year 2015

Q: Percentage of gross margin 550,000 revenue  165,0000 good of sold operating expensive 325,0000

A: Gross margin is the percentage of gross profit or gross loss in comparison to sales. It is…

Q: $ 46,000 24,000 Canada Company reported the following year-end information: Beginning work in…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: According to 3 different types of businesses; (total fixed expense 120,000) X product 40 pieces,…

A: Total fixed expense = 120,000 Product X  Unit Selling price = 5,000 Unit variable expense = 2,000…

Q: Compute conversion costs given the following data: direct materials, $366,300; direct labor,…

A: Conversion cost = Direct labor cost + Factory overhead cost

Q: he order quantity of a raw material is 3,000 kg. Safety stock of 2,200 kg is held. The stockholding…

A: SOLUTION- Holding Costs = Stockholding cost * (order quantity/2) = 1.4 * (3000/2) = GHS2100

Q: Pederson Company reported the following: Manufacturing costs $2,000,000 Units manufactured 50,000…

A: This question deals with calculation of gross margin for the company. Gross margin means a margin…

Q: If a business had sales of $3,510,000 and a margin of safety of 20%, the break-even point was Oa.…

A: Formulas: Margin of Safety = (Sales - Break even Sales) / Sales

Q: Calculate Prime cost.

A: In a manufacturing process, there are many activities carried out continuously for reaching the…

Q: In the cost-volume- profit graph (above), what is represented by the point marked "B"?

A: Break even point- This is the point where the company will make no profit and no loss, its the point…

Q: t was $25,000. Assume that direct labor cost is three times the direct the direct materials cost.…

A: The prime cost is the sum total of direct materials and direct labor. Whereas the conversion cost is…

Q: Question 1: Salalah Company has the financial information given in the table for the year ended on…

A: Computation of contribution margin per unit is as follows:

Q: 2. Antonio's total manufacturing cost is a. P 460,000 P 645,000 b. c. P 650,000 P 840,000 d.

A: Introduction: The three phases of the manufacturing process are raw materials, work in progress, and…

Q: Prime Cost is Rs. 72,000, Direct Material Cost is Rs. 45,000, Direct Expenses is Rs. 12,000.…

A: Prime cost is a combination of all the direct costs such as direct material, direct labor and direct…

Q: Break-even sales and sales to realize operating income For the current year ended March 31. Cosgrove…

A: The break even sales are the sales where business earns no profit no loss during the period. The…