Solution-Find the amount of factory overhead to be

Find the amount of factory overhead to be back-flushed

Assignment Help Cost Accounting

Reference no: EM132767090

Question - Ethel Corporation has provided the following information for transactions that occurred during April. This Corporation uses a JIT costing system.

Raw materials were purchased at a total cost of P291,000.

All materials purchased were requisitioned for production.

Direct labor costs of P231,000 were incurred.

Actual factory overhead costs amounted to P675,000.

Applied conversion costs totalled P900,000. This included P231,000 of direct labor.

All units were completed.

Required - Find the amount of factory overhead to be back-flushed?

a. P669,000

b. P675,000

c. P900,000

d. P231,000

Reference no: EM132767090

Questions Cloud

Do you believe employers should be able to ban visible : Do you believe employers should be able to ban visible body art, including piercings and facial hair, in the workplace? What parameters, if any, should be appli

Testing methodology policy and procedure : Research and document preferred remediation cycles for the in scope systems

How is employee differentiated from contracter under us law : How is an employee differentiated from a contracter under US law? Why have some municipalities put restrictions on innovations in the sharing economy.

Find what is the initial measurement of the investment : What is the initial measurement of the investment? On January 1, 2018, HH Company purchased 40,000 shares at P100 per share to be held for trading.

Find the amount of factory overhead to be back-flushed : Applied conversion costs totalled P900,000. This included P231,000 of direct labor. Find the amount of factory overhead to be back-flushed

Explain the impact on the financial statements should t : Explain the impact on the financial statements should this issue remain unresolved. An explosion occurred at the smallest of the four off-site storage locations

Write summary of the reason for the overall research topic : Just like you did in assignment 2.1, you will create a 1-2 page single-spaced Analysis of Research abstract published scholarly articles related to a topic you.

Compute the ending cash balance on September : Worton Distributing expects its September sales to be 25% higher than its August sales of $153,000. Compute the ending cash balance on September

Radical change approach for designing and developing : Why did Boeing adopt the radical change approach for designing and developing the 787 Dreamliner? What were therisks? In your opinion, was it a good move?

User Account

All Pages

Find the amount of factory overhead to be back-flushed

Reference no: EM132767090

Reference no: EM132767090

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT