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Question 1 - Nil Co. uses a predetermined factory overhead application rate based on direct labor cost. For the year ended December 31, Nil's budgeted factory overhead was P600,000 based on a budgeted volume of 50,000 direct labor hours at a standard direct labor rate of P6 per hour. Actual factory overhead amounted to P620,000 with actual direct labor cost of P325,000. For the year, over applied factory overhead was?
Question 2 - For the period just ended, LAMBANA CO. budgeted its variable overhead at P40 per direct labor hour and fixed overhead at P480,000. Budgeted service contract was 8,000 and the service hours which was the basis for allocation of variable and the fixed overhead was budgeted at .80 hour per contract. The actual results for the period were: fixed overhead, Ph552,000; variable overhead, Ph 283,480; contracts served, 7,460; direct labor hours used, 5,595. Compute the budgeted variable overhead for the actual volume attained.
What is the goal of IS planning? What steps are involved in IS planning?
compute the depletion expense in 2013 and 2014 for financial accounting purposes. what accounts will be diebited and
The following information is available for Suko Co. for the year ended June 2013: Cost of sales $105000; prepare an income statement for the company
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Sales on 30 November 2019 were K100 million and K110 million on 31 December 2019. Prepare a collections schedule for the three-month period
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on december 31 2010 nolte co. is in financial difficulty and cannot pay a note due that day. it is a 1200000 note with
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Find Forecast the accounts receivable for Company XYZ.Receivable days assumption = 55 days. Payable days assumption = 69 days. Forecasted revenue = $263,500
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