The following data pertains to Western Company’s materials inventory:                               Number of pounds required annually                             16,000                               Cost of placing an order                                                 P20                               Annual carrying cost per pound of material                    P4 What is the EOQ?

Q: Gammil company has beginning and ending raw materials inventories of $96,000 and $120,000,…

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

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: Assume the following information for a company that produced 10,000 units and sold 9,000 units…

A: ABSORPTION COSTING Absorption Costing is a Cost managerial Accounting method in which All Cost…

Q: 5. Peter Senen Company has the following cost data as of Sept 1, 2020 Materials purchased P170,000…

A: Given that, Materials purchased = P170000 Materials used = P200000 Direct Labor = P400000 Factory…

Q: SANIENDO THAT 1,800,000 HAVE BEEN INVESTED, OF WHICH 54% ARE USED IN MATERIALS, 12% IN LABOR AND THE…

A: As per our protocol we provide solution to one question only but as you have asked two questions…

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: Euphorbia Company produces and sells a single item of product. Inventory at the beginning of…

A: Lets start with basic understanding of FIFO method. In First In First Out (FIFO) method, company…

Q: Ma4 . Tord Company processes 18.100 gallons of direct materials to produce two products, Product X…

A: Taking an inventory refers to the process of counting or cataloging items. Inventory, or a current…

Q: At the beginning of the month raw materials inventory was £30,000, during the month £257,000 of raw…

A: GIVEN   At the beginning of the month raw materials inventory was £30,000, during the month £257,000…

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: Data obtained from Antanian Manufacturing Inc. for July 2020 are as follows: Assembly Department…

A: Particulars Units Opening Inventory 2000 Add: Put into process during the month 6000 Total…

Q: QUESTION 1 Jay Emm Ltd manufactures and sells only one product. The following information refers to…

A: Finished goods are those goods which are produced or turned out from a raw material to a valuable…

Q: The cost data relating to units of production for the year ending 31st December 2020 are as follows:…

A: Material cost per unit = £60,00020,000 units  = £ 3 per unit  Subcontracted labour cost per unit =…

Q: Company B furnished you with the following information with respect to material OXO: Annual…

A: Economic order quantity indicates the number of units to be ordered, So that company can minimize…

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: 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: The Information bellow has taken from Al Wafa company wages paid to labou OMR85,000 , Purchases raw…

A: Formula: Net purchases = purchases - Purchase returns

Q: DATE 01 May 05 May 10 May EXPLANATION seasonal stock purchasing given to production (consumption)…

A: Raw material means the material that is used to produce the finished goods. Raw material include all…

Q: reorder level.

A: Reorder level = Average demand * Lead time

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

A:

Q: Coraline Co. has the following cost and activity data. Month Units Total Cost September 80,000…

A: The High-low method of determining cost variance considers the highest and lowest cost being…

Q: OST ACCOUNTING CALCULATION FOR TOTAL ANNUAL COST

A: Calculation of annual holding inventory of the component  = [ Buffer inventory + ( EOQ/2 ) ] x…

Q: Q+1: The income statement for the Stylo Company for the past ycaris: $4,500,000 Sales (150000 units…

A: Decision making is a process or an act of deciding something using rational thinking, intuition and…

Q: Given the information shown below, what are the costs for the production labor category for the…

A: The production cost means the sum of all the cost that is incurred during the production of all…

Q: Eric Clothing Limited’s annual demand for materials X is 50 000 units, and the ordering cost is  P10…

A: Economic order quantity is the number of units at which both the ordering cost and holding or…

Q: If the required direct materials purchases are 31500 pounds, the direct materials required for…

A: Ending Inventory :— Ending inventory is the value of goods still available for sale and held by a…

Q: A company uses 2625 units of a product per quater. The ordering cost for the same is RO 250 and the…

A: Economic order quantity is that quantity which should be ordered to have minimum inventory cost in…

Q: ution d. Pag-ib: 5. The following are example of labor time losses a. Idle time b. Overtime c.…

A: Since we answer one question, we will answer question number 35. Please resubmit the questions…

Q: Problem solve with calculation

A: To determine the net profit, we need to follow these steps:1. Calculate the Cost of Goods…

Q: Required: Cost of goods sold statement P1,100,000 6% of sales 2% of sales 300,000 240,000 Sales…

A: Raw materials are the direct materials that are used in the direct production of goods. The raw…

Q: Problem 4 ECONOMIC ORDER QUANTITY. Luster Corporation presents the following data: Usage is 400…

A: Economic order quantity means the quantity to be ordered so that total inventory cost (purchase cost…

Q: Equivalent units of production based on weighted-average are: 5,000 units material, 200,000 units…

A:

Q: A EXAMPLE 20.18 The following information relating to the third and last quarter of 2019-20 is…

A: The phrase "production budget" is used explicitly in the film industry as well as more generally in…

Q: Assume the following information for a company that produced 10,000 units and sold 9,000 units…

A: Variable costs are costs that varies with the change in the level of output whereas fixed costs are…

Q: The following is data from two months of operations: Pounds:         Shipping Expense: 350…

A: Variable cost per unit=Shipping expense at 500 pounds-Shipping expense at 350…

Q: What amount of write-down is recognized b. 78,000 on Dec. 31, 20x1? c. 90,000 a. 12,000 d. 0

A: The company should report the inventory at cost or net realizable whichever is lower. The write-down…

Q: Month Units Sold Total Cost $ 6,570 $ 7,14O $ 9,300 $ 4,500 JanuarY 1,020 February 1,920 March 2,640…

A: Solution: Under high low method, cost at highest point of activity and cost at lowest point of…

Q: Compute the Cost of Goods Sold for 2020 of Pillows Company considering the following information:…

A: Net Raw materials purchased = Raw materials purchased -  Purchase returns  -  Purchase discount =…

Q: The following is actual data from the two months of operations. Pounds   Shipping expense 350…

A: Using high low method, the fixed costs and variable costs are identified from the mixed costs.

Q: A company uses 19325 units of a product per month. The ordering cost for the same is RO 95 and the…

A: Ordering costs can be defined as the costs that is incurred on placing an order every time from the…

Q: Assume the following information for a company that produced 10,000 units and sold 9,000 units…

A: Variable costing: It implies to a costing method whereby only variable expenses are assigned or…

Q: 5. The following are data of materials inventory for the year 2020 of Mars Corp: Number of pounds…

A: EOQ is economic order quantity that should be ordered in one time in order to minimise inventory…

Q: Kilos Cost 80,000.00 160,000.00 60,000.00 132,000.00 What is the estimated cost of handling 75,000…

A: The high low method can be used to separate the fixed and variable cost from the mixed cost and…

Q: Related Data of panama company by-product: Units sold                      250 Sales price per…

A: Units sold                      250 Sales price per unit before further processing       50 Total…

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

A: Manufacturing cost consist of costs which are incurred during the process of production and it…

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 sold  = Opening stock of finished goods + Cost of goods manufactured - Closing stock…

Q: 22. Peter Company provided the following data for the year ended December 31, 2020: Raw materials…

A: Manufacturing cost means the cost which is incurred in factory or related with production of goods…