Problem 15-8 (IAA)to a 5% cash discount which was taken.werepriceofat acost of P100,000.of the transactions?a. 4,900,000b. 5,000,000c. 5,100,000d. 5,200,000Problem 15-9 (IAA)Taiwan Company fabricated equipment for office use durinethe current year. The following data were taken from theaccounting records:MaterialsDirect laborFinished goodsOffice equipment1,000,000600,0001,500,000500,000Factory overhead amounted to P1,200,000. Normalproduction of finished goods is 50,000 units. Due to thefabrication of the office equipment, finished goods producedtotaled 35,000 units only in the current year.The office equipment is to be charged with the overheadwhich would have been apportioned to the 15,000 units whichwere not produced.apportionment of factory overhead?a. 1,100,000b. 1,400,000c. 1,460,000d. 2,300,000Acquired a at an invoice

Name: Problem 15-8 (IAA)to a 5% cash discount which was taken.werepriceofat
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Description: Problem 15-8 (IAA)to a 5% cash discount which was taken.werepriceofat acost of P100,000.of the transactions?a. 4,900,000b. 5,000,000c. 5,100,000d. 5,200,000Problem 15-9 (IAA)Taiwan Company fabricated equipment for office use durinethe current year.

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Business

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Siargao Company recently acquired two items of equipment Acquired a press at an invoice price of P3,000,000 subject to a 5% cash discount which was taken. Costs of freight and insurance during shipment v P50,000 and installation cost amounted to P200,000. were Acquired a welding machine at an invoice price of P2,000,000 subject to a 10% cash discount which was not taken. Additional welding supplies were acquired at a cost of P100,000. What is the total increase in the equipment account as a reault of the transactions? a. 4,900,000 b. 5,000,000 c. 5,100,000 d. 5,200,000

Siargao Company recently acquired two items of equipment Acquired a press at an invoice price of P3,000,000 subject to a 5% cash discount which was taken. Costs of freight and insurance during shipment v P50,000 and installation cost amounted to P200,000. were Acquired a welding machine at an invoice price of P2,000,000 subject to a 10% cash discount which was not taken. Additional welding supplies were acquired at a cost of P100,000. What is the total increase in the equipment account as a reault of the transactions? a. 4,900,000 b. 5,000,000 c. 5,100,000 d. 5,200,000

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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