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Problem 1: JOB 110 has, at the end of second week in September, an accumulated total cost of P42,000. In the third week, P10,100 of direct materials were used on the job. Twenty (20) hours of direct labor services were applied to the job at a cost of P50 per hour. Manufacturing overhead was applied at the basis of P45 per direct labor hour. JOB 110 was the only job completed during the third week with a total of 10,000 units produced. The total cost of JOB 110 is:
Should Carmody implement the new design? What non-financial and qualitative factors should Carmody consider in deciding whether to implement the new design?
What is the sales quantity contribution margin variance for each product? What is the market size contribution margin variance?
LXM company direct labor cost is 35% of its total prime cost. If direct material is 65% and manufacturing overhead is $45000 the direct labour cost should be?
Allure Company manufactures and distributes two products, M and XY. What is the total overhead allocated to Product XY using the current system?
Aromatic Company for its line of perfume products for the month ended March 3. Prepare a production cost report for the month ended March 31, using the average cost method.
Compute the unit product cost in each year under variable costing - prepare new income statements for each year using variable costing.
What is the standard quantity of materials allowed for May production? Actual quantity of direct materials used 23,500 pounds.
Yarnell Electronics sells computer systems to small businesses. Prepare entries for Yarnell Electronics to record these transactions.
What are the journal entries to record the benefits of the carryback and the carryforward, assuming it is more likely than not that the benefits of the loss
Suppose that both companies experience a 20 percent increase in sales volume. By how much would each company's profits increase
What is the concept of current rate method of translation and temporal method of translation? How does balance sheet exposure differ under these two methods?
How many deliveries will be required at the economic order quantity level? Miami Tanners purchases 4,160 bulbs per year, ordered in lots of 80 bulbs
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