Reference no: EM132968596
Questions -
Q1) Liza Company manufactures special machines according to customer's specifications.
The following data were available at the beginning and ending of April:
Materials inventory, beginning: 32,400
Materials inventory, ending: 34,000
Work in process inventory, beginning: 7,200
Work in process, ending: 16,240
Finished goods inventory, beginning: 8,000
Finished goods inventory, ending: 6,000
During April, direct materials purchased amount to 40,000, direct labor incurred totaled 33,000, and factory overhead was 17,160.
How much is the cost of goods manufactured for April?
a. 90,560
b. 81,520
c. 79,520
d. 88,560
Q2) The cost accountant of ABC Company conducted an analysis of total costs in relation to the number of labor hours used and came up with a cost function for a relevant range of 5,000 labor hours to 40,000 labor hours as follows:
Total costs = P 400,000 + 20x
Where x: number of direct labor hours
How much is the total cost for 40,000 direct labor hours?
a. P1,200,000
b. P800,000
c. P400,000
d. Cannot be determined
Q3) In the equation: Y = P4,000 + 3x. The "Y" represents the cost of employees' meal allowances and X is direct labor hours. If there is a 100-hour change in total direct labor hours, how much will be the change in the cost of employees' meal allowances?
a. P4,000
b. P4,300
c. P300
d. None of the above
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