Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - The management of K31Corporation has asked your help as an intern in preparing some key reports for June. The beginning balance in the raw materials inventory account was P20.000. During the month, the company made raw materials purchases amounting to P69.000. At the end of the month, the balance in the raw materials inventory account was P32,000. Direct labor cost was P24,00Cl and manufacturing overhead was P71.000. The beginning balance in the work in process account was P24,000 and the ending balance was P19,000. The beginning balance in the finished goods account was P53.000 and the ending balance was P58.000. Selling expense was P20.000 and administrative expense was P35,000.
Required -
1. Calculate the total prime cost for June.
2. The conversion cost for June was?
3. How much is the total cost of inventory to be presented in the financial position of the Company?
Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.
Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.
Prepare a master budget for the three-month period.
Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.
Evaluate the Predetermined Overhead Rate
Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.
Complete the schedule to compute the pool rates for the different activities.
Prepare Company financial statements
This individual assignment is based on the TerraCycle Inc.
Discuss the ethical issues
Calculate the GDP in Income Approach and Expenditure Approach
A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd