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Question 1: Braam Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 11,500 hours. At the end of the year, actual direct labor-hours for the year were 9,700 hours, the actual manufacturing overhead for the year was P143,350, and manufacturing overhead for the year was underapplied by P18,220. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been?
Question 2: Rio Manufacturing Company uses a job order cost system. At the beginning of February, Rio only had one job in process, Job #594. The direct costs assigned to this job at that time were P800 of materials and P650 of labor. Job #594 was finished during February incurring additional direct costs of P120 for materials and P370 for labor. Job #595 was started and finished during February. The direct costs assigned to this job were P310 for materials and P190 for labor. Job #596 was started during February but was not finished by the end of the month. The direct costs assigned to this job were P740 for materials and P300 for labor. Rio applies manufacturing overhead to its products at a rate of 200% of direct labor cost. What is Rio's cost of goods manufactured for February?
Determine total annual cost of ordering and carrying the glass. Evaluate the Economic Order Quantity for glass.
At what tolerance should the panels be manufactured? Show calculations. What should be the production specification for these panels?
Compute the unit cost for each product under the old manufacturing system and compute the unit cost for each product under the JIT system.
Assignment - Cost Accounting Question. What will be the selling price each to make a profit of 40% on cost? Establish the absorption rate for each production
Discuss any trends in the net cash provided in operating, investing and financing activities for Home Depot and Lowes in FYE2008.
Compute your answers using the PV Table provided. If you don't have a copy of the PV Table accessible, you may access one here
Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places.
Prepare a corrected trial balance as of June 30 of the current year - The balance of cash was understated
A company had the following purchases and sales. Using the Perpetual FIFO inventory valuation method, what is the value of cost of goods sold?
Explain the similarities and differences between job order costing and process costing. Your initial post should be 200 to 250 words.
Make Statement of equivalent units. WC Ltd makes one product in a single process. The details of the process for period 2, There were 800 units of opening work
Sales people mostly deliver the product and are paid on a salaried basis; their salaries are included in administrative and selling expenses.
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