Standard cost data to produce one unit of XXX: Material SAN 10 meters at P 6/m Material JOSE 12 meters at P 4.5/m 5 hours at P 10/hr 4 hours at P 9 / hr Actual data available for the company for the year 2020 are as follows: Raw materials used for SAN Direct Labor Overhead Raw materials used for JOSE Payroll (paid) Actual Overhead cost P 58,000 P 51,500 P 52,500 P 37,200 Operating expenses During the year, 1,000 units were produced by the company. At the end of 2020, 960 units were sold at P 250 per unit with zero discounts What is the standard cost of goods sold? P 22,100

Standard cost data to produce one unit of XXX: Material SAN 10 meters at P 6/m Material JOSE 12 meters at P 4.5/m 5 hours at P 10/hr 4 hours at P 9 / hr Actual data available for the company for the year 2020 are as follows: Raw materials used for SAN Direct Labor Overhead Raw materials used for JOSE Payroll (paid) Actual Overhead cost P 58,000 P 51,500 P 52,500 P 37,200 Operating expenses During the year, 1,000 units were produced by the company. At the end of 2020, 960 units were sold at P 250 per unit with zero discounts What is the standard cost of goods sold? P 22,100

Name: Standard cost data to produce one unit of XXX:Material SAN10 meters a
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Description: Standard cost data to produce one unit of XXX:Material SAN10 meters at P 6/m12 meters at P 4.5/m5 hours at P 10/hr4 hours at P 9/hrActual data available for the company for the year 2020 are as follows:Raw materials used for SANMaterial JOSEDirect L

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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Sandler Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine hours 73,000 Estimated variable manufacturing overhead 3.49 per machine hour Estimated total fixed manufacturinf overhead 838,770 Required: Compute the company's predetermined overhead rate.
Test yourself ABC Company is producing three products, A, B and C in Direct labor hours their unit. A C 10,000 15,000 25,000 Number of orders 15 25 10 placed During the year 2019,the total overhead expenses Machine set up hours 150 300 50 are; Requirement 1. Calculated pre-determined overhead rate if overhead is applied based on the direct labor hours Procurement cost RO200,000 Machine set up cost RO100,000 2. Compute overhead rates using activity based costing. 3. Determine the difference in the amount of overhead allocated to each product between the two methods.
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