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Problem 1: Lucena Manufacturing Co. charges factory overhead to production at 80% of direct labor cost. Jobs 842 and 843 were completed and sold in July, 20B. Total direct materials cost and prime cost for Job 842 were P9,000 and P14,000, respectively. Production cost of Job 843 amounted to P31,200 with factory overhead equal to 48% of direct materials cost. How much were the direct labor costs of Jobs 842 and 843?
Work in process, What is the total amount debited to the work-in-process account during the month of June at Father Time Clock Shop?
What cost of quality can the company expect as a percentage of its cost of goods sold in 2013? Explain. Comment on the trends in cost of quality (COQ) over the three-year period from 2010 to 2012.
Show the effects of recognizing the NSF check on the financial statements by recording the appropriate amounts in a horizontal statements model
Provide the facts presented, show the various factors that affect reliability of (1) the comparable uncontrolled price method, (2) the resale price technique, (3) the cost plus technique.
Compute the predetermined overhead rate and What is the total amount of the bill that Norton will send Central Texas Bank
Assuming that the periodic inventory method is used, compute the inventory cost at July 31 under each of the following cost flow assumptions.
Calculate the total amount allocated to the Audit department and Calculate the total dollar amount of Supervisions cost that would have been allocated to the Shapez product line, if activity-based costing had been used in the last quarter.
Prepare a trial balance of the general ledger and prove the accuracy of the subsidiary ledger by preparing a schedule of accounts receivable.
Explain the differences in accounting for the flow of costs using traditional accounting, where accountants charge costs first to inventory accounts, and using JIT.
List the typical information retained in relation to estimating information - Describe the importance of the cost account in a complex time-phased budget.
If the hourly rate is in violation of the FLSA, what is the amount The Boot Shop should pay Cross for the week? When computing the per hour rate, use the government's rounding rule in your calculation.
analytical exercisescenario abc company sells widgets in three varieties red yellow and blue but has lost money for
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