Reference no: EM132738043
Inventory data are: Beginning Ending January 1, 2007 December 31, 2007
Direct materials 0 lb. 2,000 lbs.
Work in process 0 units 0 units
Finished goods 0 units ? Units Production in 2007 was 100,000 units. Two pounds of direct materials are used to make one unit of finished product.
- Revenues in 2007 were P436,800. The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing costs for 2007. Finished-goods inventory at December 31, 2007, was P20,970.
Problem 1: Calculate direct materials inventory, total cost, December 31, 2007.
Problem 2: Calculate finished-goods inventory, total units, December 31, 2007.
Problem 3: Calculate selling price in 2007. 38 Calculate operating income for 2007.
Compute for the standard factory overhead rate
: A Company has asked, the company incurred a total overhead cost of P2,400,000. Compute for the standard factory overhead rate.
|
What the budgeted total maintenance cost would be
: Coco, Inc., If machine hours are budgeted to be 20,000 hours during January 2019, the budgeted total maintenance cost would be?
|
What makes pos systems different from revenue cycles
: What makes POS systems different from revenue cycles of manufacturing firms? Is a POS system that uses bar coding and a laser light scanner foolproof.
|
Create harmony in group and speed up decision
: In a team environment, is it a better approach to avoid conflicts to create harmony in group and speed up decision making or is it better to disagree
|
Calculate direct materials inventory
: Calculate direct materials inventory, total cost, December 31, 2007. Calculate finished-goods inventory, total units, December 31, 2007.
|
Describe access control in a pos system
: What financial statement misrepresentations may result from an inconsistently applied credit policy? Be specific. Give three examples of access control.
|
Designing a qualitative study
: What are two important aspects to consider when designing a qualitative study?
|
Research various types of assistance available
: Research various types of assistance available to women and minority business owners. visit the SBA website to find out what services and resources
|
How much is the company cost of goods manufactured
: How much is the company's cost of goods manufactured? How much is the company's cost of goods placed in process? Revenues 1,520,000
|