X Corp's total cost at various activity level for 2012 are presented below:MonthUnits|CostMarch250.00350.00AprilMayJune3,800.004,400.004,100.005,300.00300.00500.00The costs above consist of supplies cost, labor cost and utilities. The breakdown of these costs inApril 2012 are as follows: Supplies cost (fixed cost) of P 2,000; labor cost (variable cost) of P 700 andutilities (mixed cost) of P 1,700.What would be the total cost if there will be 700 units sold for year 2013? A fire destroyed the plant and all its contents of FIREFLY Company's manufacturing facility.Fortunately, certain accounting records were kept in another building and revealed the followingfrom January 1 to February 28, 2021:Direct materials purchasedWork in process, Jan 1Direct materials, Jan 1Finished goods, Jan 1Indirect manufacturing costsP160,00034,00016,00030,00060% of conversioncostsP500,000180,000294,00020%450,000Sales RevenueDirect manufacturing laborPrime costsGross marginCost of goods available for saleWhat is the balance of Direct materials on 02/28/21 before it was damaged by fire?

Solution 1: Labor cost per unit = P700 / 350 = P2 per unit Total utilities cost of march = P3,800 -…

X Corp's total cost at various activity level for 2012 are presented below: Month Units Cost 250.00 350.00 March April May June 3,800.00 4,400.00 4,100.00 5.300.00 300.00 500.00 The costs above consist of supplies cost, labor cost and utilities. The breakdown of these costs in April 2012 are as follows: Supplies cost (fixed cost) of P 2,000; labor cost (variable cost) of P 700 and utilities (mixed cost) of P 1,700. What would be the total cost if there will be 700 units sold for year 2013?

X Corp's total cost at various activity level for 2012 are presented below: Month Units Cost 250.00 350.00 March April May June 3,800.00 4,400.00 4,100.00 5.300.00 300.00 500.00 The costs above consist of supplies cost, labor cost and utilities. The breakdown of these costs in April 2012 are as follows: Supplies cost (fixed cost) of P 2,000; labor cost (variable cost) of P 700 and utilities (mixed cost) of P 1,700. What would be the total cost if there will be 700 units sold for year 2013?

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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