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Eight Factory workers and a supervisor comprise a team in the Blending Department. The supervisor earns P200 per hour and the combined hourly direct wages of the eight workers is P1,280. Each employee is entitled to a two-week paid vacation and a bonus equal to four weeks' wages per year. Vacation pay and bonuses are treated as indirect cost and are accrued over 50-week work year. A provision in the collective bargaining agreement does not allow these employees to work in excess of 40 hours per week.
Required:
Question 1: The journal entry to record the vacation and bonus pay applicable to one week's production.
Calculate the effect on the current share price of each company, all other things being equal, of a two for ten share offer by Bara Ltd
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Calculate Cost of Goods Manufactured and prepare a schedule to support your calculations based upon the following information for Example Manufacturing, Inc. for January 2012. (See slide 13 of S-V for an example of a schedule):
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Bisson uses weighted-average costing.
Was the CPA correct in suggesting that the company really earned a "profit" for the month?
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