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Question - Bill Gate Company incurred costs for materials and conversion in the amount of P 45,000 and P 4,860 respectively. As of the same date, the work in process inventory in units of P 6,000 is 40% completed as to conversion costs. As of February 28, 2017, the total units to account for amounted to 51,000 units and the work in process inventory in units amounting to 7,500 is 60% as to conversion costs.
During the production period, the company incurred costs of P 56,544 and P 308,250 for conversion and materials, respectively. The company then started and completed 33,600 units during the period.
A machine malfunction or an improper blending of batch of paint usually causes spoilage. It is the policy of Bill Gate Company to consider normal loss up to a maximum of 5% of the started and completed units during the period. Normal losses are accounted to be part of the product costs while excess loss shall be treated as period costs. How much is the ending work in process cost?
yuli copters is in the business of designing and manufacturing helicopters for commercial military and pleasure use.
How much of the dividends goes to preferred and how much goes to common and how much of the dividend goes to preferred? How much goes to common?
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If the company estimates that it can sell 600 units for P25 each month, would they make additional profits or losses
Xavier Ltd. What The target cost for the product should be? It has determined that the selling price for one of its products should be $68.
Direct labor cost was $144,000, and indirect labor cost was $32,400. All labor costs were paid in cash. Determine the number of equivalent units of production
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An additional 3,000 units of materials were added in the department. Compute the production costs for the period
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How to Prepare Performance Report for XYZ Manufacturing plc on the data. Purchase of materials budget br 5,000,and Actual br 4,000
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