P12-2 Valera Company incurred total joint costs amounting to P102,000 in producing productsA, B, and C. Additional information are provided below:AdditionalProcessingCostsAdjustedMarketMarketDisposalCostsvalue atProducts Units ProducedValuesplit-offP15.00P20,00030,00010,000P60,000АP19.004,0006,00010,000P5,0002,0001,000P8,000В10.0011.008.009.6020,000Required: Calculate the total production cost using:Quantitative or physical unit methoda.b.Sales value at split-off methodC.Net realizable value (or adjusted sales value) method

P12-2 Valera Company incurred total joint costs amounting to P102,000 in producing products A, B, and C. Additional information are provided below: Adjusted Market Additional Market value at Disposal Costs Processing Costs Products Units Produced Value split-off P15.00 A P19.00 4,000 6,000 10,000 20,000 P5,000 2,000 P20,000 30,000 10,000 P60,000 10.00 11.00 9.60 1,000 P8,000 C 8.00 Required: Calculate the total production cost using: Quantitative or physical unit method а. b. Sales value at split-off method C. Net realizable value (or adjusted sales value) method

P12-2 Valera Company incurred total joint costs amounting to P102,000 in producing products A, B, and C. Additional information are provided below: Adjusted Market Additional Market value at Disposal Costs Processing Costs Products Units Produced Value split-off P15.00 A P19.00 4,000 6,000 10,000 20,000 P5,000 2,000 P20,000 30,000 10,000 P60,000 10.00 11.00 9.60 1,000 P8,000 C 8.00 Required: Calculate the total production cost using: Quantitative or physical unit method а. b. Sales value at split-off method C. Net realizable value (or adjusted sales value) method

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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need solving, answer is given 1. [90,000] 2. [7] 3. [72,000] 4. [18,000] 5. [(56,000)] 6. [(42,000)] 7.PRODUCTION
7. Vivera Corp. has two divisions, the Daleta division and the Alpine division. The Daleta divisionhas a sales of P620,000, variable expenses of P350,000 and traceable fixed expenses ofP229,200. The total amount of common fixed costs not traceable to individual divisions isP122,000. What is the company’s net operating income? 8. Basaha Co.’s accounts receivable were P430,000 at the beginning and P480,000 at theend of the year. Cash sales were P175,000 for the year. The accounts receivable turnoverwas 5. How much is the company’s total sales for the year? 9. Gurapa uses an imputed interest rate of 13% in the calculation of residual income.Division Tiffey, which is part of Gurapa had invested capital of P1,200,000 and an ROIof 16%. On the basis of this information, what was Tiffey division residual income? Solution pls 7 8 9
The following information is available for Fairmount Industries from year 1 operations: Sales revenue (58,000 units) Manufacturing costs Materials Variable cash costs Fixed cash costs Depreciation (fixed) Marketing and administrative costs Marketing (variable, cash) Marketing depreciation Administrative (fixed, cash) Administrative depreciation Total costs Operating profits (losses) $ 1,685,000 $ 253,000 558,000 340,000 173,000 184,000 54,000 175,000 21,500 $ 1,758,500 $ (73,500) All depreciation charges are fixed. Old manufacturing equipment with an annual depreciation charge of $35,000 will be fully depreciated by the end of year 1 and will not be replaced with new equipment because it is still operating to specification. Sales volume is expected to decrease by 2 percent. Sales price is expected to increase by 8 percent. On a per-unit basis, expectations are that materials costs will decrease by 5 percent and variable manufacturing cash costs will increase by 4 percent. Fixed cash…
Coyle Manufacturing reports the following information for year 1: Sales revenue (69,000 units) $ 5,265,000 Manufacturing costs Materials $ 311,000 Variable cash costs 256,000 Fixed cash costs 599,000 Depreciation (fixed) 1,809,000 Marketing and administrative costs Marketing (variable, cash) 850,000 Marketing depreciation 278,000 Administrative (fixed, cash) 925,000 Administrative depreciation 143,000 Total costs $ 5,171,000 Operating profits (losses) $ 94,000 All depreciation charges are fixed. Manufacturing depreciation is expected to increase by 10 percent in year 2. Marketing and administrative depreciation are expected to remain the same for year 2. Sales volume is expected to increase by 5 percent, but prices are expected to fall by 10 percent. Materials costs per unit are expected to decrease by 8 percent. Unit variable cash manufacturing costs are expected to increase by 15 percent. Fixed cash costs are expected to increase by 6 percent.…
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E6.14 (LO 4), AN The single-column CVP income statements shown below are available for Armstrong Company and Contador Company. Armstrong Co. Contador Co.Sales $500,000 $500,000Variable costs 240,000 50,000Contribution margin 260,000 450,000Fixed costs 160,000 350,000Net income $100,000 $100,000Instructions Compute the degree of operating leverage for each company and interpret your results.Assuming that sales revenue increases by 10%, restate the single-column CVP income statement from above for each company.Discuss how the cost structure of these two companies affects their operating leverage and profitability.Compute degree of operating leverage and evaluate impact of alternative cost structures on net income and margin of safety.
Accounting for Joint Products and By-Products 613 52. What is the sales value of Product D at split off point? P45,000 b. a. P30,000 P67,500 d. P22,500 c. 53. What is the cost of Product E sold for the vear ended July 31, 2018? P147,000 b. а. P 99,000 P144,000 d. P135,000 с. 54. What is the cost of the inventory of Product D on July 31, 2018? P27,000 b. а. P18,000 P22,500 d. с. P54,000 55. What is the cost of the inventory of Product F on July 31, 2018? P33,500 P65,250 P42,750 P90,000 a. b. с. d. Question 56 and 57 are based on the following data: JGG Company produces three products: Product A, B and C from the same materials. Joint costs for this production run are P32,500. Data for the three products are: Sales price per kilo at split-off point Disposal cost per kilo at split-off point Product Kilos 800 P6.50 P3.00 A 8.25 1,100 1,500 4.20 4.00 8.00
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The following information is available for ABC Industries from year 1 operations: Sales revenue (65,000 units) $ 1,735,000 Manufacturing costs Materials Variable cash costs Fixed cash costs Depreciation (fixed) Marketing and administrative costs Marketing (variable, cash) Marketing depreciation Administrative (fixed, cash) 4 Administrative depreciation. Total costs Operating profits (losses) $ 260,000 565,000 347,000 180,000 191,000 61,000 182,000 25,000 $ 1,811,000 $ (76,000) All depreciation charges are fixed. Sales volume is expected to decrease by 2 percent. Sales price is expected to increase by 8 percent. On a per-unit basis, expectations are that materials costs will decrease by 5 percent and variable manufacturing cash costs will increase by 4 percent. Fixed cash manufacturing costs are expected to increase by 12 percent. Variable marketing costs will change with volume. Administrative cash costs are expected to decrease by 15 percent. Inventories are kept at zero. Fairmount…
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Commodity markets -purchase 30.000,00 Wage of the staff 10.000,00 Depreciation of fixed assets 6.000,00 Premiums 1.000,00 Advertising and promotion 800,00 Overhead cost 4.000,00 Revenue from sales 250.000,00 Income from investments and investments 15.000,00 Gains from disposal of property, plant and equipment 500,00 Loss from disposal of financial data 100,00 Rental income 50.000,00 Third party fees 2.500,00 Credit interest 1.400,00 Debt interest 4.500,00 Fixed maintenance costs 2.000,00 Considering that: a) the stocks 1.1.20X0 were 5000 € b) the final stock on 31.12.20X0 was determined by physical inventory at 3000 € (c) the income tax rate is 30%; compile the 20X0 income statement, vertical by type.