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Problem 1: Lucena Manufacturing Co. charges factory overhead to production at 80% of direct labor cost. Jobs 842 and 843 were completed and sold in July, 20B. Total direct materials cost and prime cost for Job 842 were P9,000 and P14,000, respectively. Production cost of Job 843 amounted to P31,200 with factory overhead equal to 48% of direct materials cost. How much were the direct labor costs of Jobs 842 and 843?
Option 1: P5,000 and P7,200, respectively
Option 2: P5,000 and P9,000, respectivelyOption 3: P4,000 and P7,200, respectivelyOption 4: None of the above.
Depreciation is computed on a straight-line basis, recognizing the salvage values noted. Ignore taxes. Compute ROI, using net book value and gross book value
John Roberts is 53 years old and has been asked to accept early retirement. Determine the present value, assuming that he is able to invest funds at a 8% rate.
Identify and describe three areas in which standard costs can be used in the decision-making process. Compare and contrast target costing and traditional standard costs.
Current liabilities for the firm were $2,867,225 and $2,760,124 at the end of 2011 and 2010, respectively. Compute the cash flow invested in net working capital at Hillman Corporation during 2011.
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Prepare the annual year-end adjusting journal entries at December 31 - A The trial balance of Caribbean Vacation Tours
If it is decided to work the factory at 50% capacity, What flexible budget showing profit/losses at 40%, 50% and 90% capacity utilization?
Utilities are to be paid every other month at the amount of $320 per month. The first payment is to be made in February.
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