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Problem 1: DEF Company produces a single product. For the most recent year, the company's net operating income computed by the absorption costing method was Php7,400 and its net operating income computed by the variable costing method was Php10,000. The company's unit product cost was Php17 under variable costing and Php22 under absorption costing. If the ending inventory consisted of 1,480 units, the beginning inventory must have been
Option 1: 920 units
Option 2: 2,000 units
Option 3: 1,460 units
Option 4: 12,700 units
Option 5: Answer not given
Compute Product unit cost if 40,000 units are to be manufactured each year. Four units of product are produced each labor hour at a labor rate of P40 per hour.
Calculate the cost per unit of February production of 4,260 toy flutes - calculate the ending inventory value of the toy flutes still in inventory at February 28.
Compute the estimated cost of the ending inventory using the retail inventory method and calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average cost.
How many pounds of material does Manzoni plan to purchase in July and what is the budgeted August 31 finished goods inventory balance (in dollars)?
What costs are treated as product costs under variable costing? Only variable production costs./ Only direct cost./ All variable costs
Identify the three (3) primary advantages and three (3) primary disadvantages of using the costing method (LIFO, FIFO, and weighted average) that is used to record inventory.
How to Determine What is the break-even volume? At a sales volume of P300,000, return on sales is 10%; at a P500,000 volume, return on sales is 22%.
Make the appropriate journal entries for spoilage for the three independent cases given below. Also calculate the average cost of one good unit of chair
Record journal entries to account for the transactions and information and using Accpac, prepare the revised statement of financial position.
shurshot sports inc. manufactures basketballs for national basketball association nba. for first 6 months of 2014 the
Combined equal 50% of the total cost of manufacturing. All materials are purchased FOB shipping point. What is the cost of goods manufactured?
AMCOR Limited, payments will be repaid, without interest, at maturity. What is the corporate bond's value (the price for AMCOR's bond)?
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