Reference no: EM132743476
These data relates to Leni Company's July 2020 operations:
Materials, beginning P 7,000 Materials, Ending P9,000
WIP, Beginning 7,500 WIP, Ending 3,500
Finished Goods, beg. 10,000 Finished Goods, End. 12,000
Materials used 46,800 Direct Expenses 400
Selling and general expenses 6,700 Direct Labor 8,000
Factory overhead is applied at the rate of 80% of direct labor cost.
Required:
Problem a: Compute for the following (Show your solution in the space provided) :
1. Cost of materials purchased
2. Cost of goods manufactured
3. Cost of goods sold and
4. Conversion Cost
|
Provide five examples of common business risks faced
: Provide five examples of common business risks faced by companies and what control measures should be taken to minimize each business risk.
|
|
What between bottom-up vs top-down estimating approaches
: What are the differences between bottom-up and top-down estimating approaches? Under what conditions would you prefer one over the other?
|
|
Find out karen investment account
: Karen has a universal life (UL) policy with yearly renewable term (YRT). Her policy has a death benefit of $250,000 and an investment account value of $50,000.
|
|
Prepare the explanation and journal entry
: Principles of Intermediate Transportation purchased a ship on January 1, 2019, for P20,000,000. The useful life of the ship is 40 years, but it is subject to a.
|
|
Compute for the cost of materials purchased
: Leni Company's July 2020 operations, Compute for the Cost of materials purchased. Factory overhead is applied at the rate of 80% of direct labor cost.
|
|
What will be the market price of the stock
: If investors require a 16% return and the growth rate in dividends is expected to be 8%, what will be the market price of the stock?
|
|
Briefly explain the impact of the breach with reference
: Briefly explain the impact of the breach with reference to the relevant auditing standards or regulatory framework. Interpret how the auditing standards.
|
|
What is the liquidity premium on squire bonds
: Squire Inc.'s 5-year bonds yield 11.75%, and 5-year T-bonds yield 4.80%. The real risk-free rate is r* = 2.75%, the inflation premium for 5-year bonds
|
|
What is the net present value of the projects
: Suppose the Company wants to abandon the projects, assess which year is the best for such decision? What is the Net Present Value of the projects
|