Reference no: EM132961793
Question -
(1) BSA Company has two service departments (Maintenance and Security) and two producing departments (Assembly and Finishing). The maintenance department cost is P900,000 and Security department cost is P500,000. Using algebraic method, maintenance cost is allocated 5% to security, 40% to assembly and 55% to Finishing. Service cost is allocated 10% to maintenance, 60% to Assembly, and 30% to Finishing. Which of the following statements is correct?
a. Total Maintenance department cost allocated is P1,000,000.
b. Total cost allocated from Security to Finishing P301,256.
c. Total Security department cost allocated is P550,000.
d. Total cost allocated from Maintenance to Assembly department is P557,789.
(2) For September 2020, there are three hardworking employees in the accounting department namely Mr. Believer, Mr. Smart and Mr. Achiever. Each is receiving P25,000 monthly. They are paid every 15th and end of the month. For every payday, what is the net pay for the three employees?
(3) For September 2020, BSA Company's total purchases amounted to P1,500,000. Incurred P600,000 direct labor cost and applies factory overhead at 200% of direct labor cost. During the month, raw materials inventory increased by P15,000; work in process inventory decreased by P8,000; and finished goods inventory increased by P10,000. Actual factory overhead is P1,190,000. What is the adjusted cost of goods sold per unit if 4,000 units were sold in September?
(4) BSA Company added this December the following cost: Direct materials P1,650 to Job #101; P1,375 to Job #102; P8,250 to Job #103 and P22,000 to Job #104; Direct labor P1,100 to Job #101; P1,650 to Job #102; P825 to Job #103 and P2,200 to Job #104. The direct labor wage rate is P10 per hour and factory overhead is applied at P5 per direct labor hour. Jobs #101, #102 and #103 were completed. Job #102 were delivered to the customer. What is the amount of total manufacturing cost for December?
(5) The overhead budget for two servicing departments are A P80,000 and B P60,000; and for producing departments are C P15,000 and D P20,000. Proportion of service by A to B 10%, C 60% and D 30%. Proportion of service by B to A 30%, C 20% and D 50%. Under the direct method, total overhead cost of C including service costs transferred from A and B is?
|
Discuss events that can cause price of a stock to decrease
: Discuss events that can cause the price of a stock to increase or decrease. Write a journal discussing risk and return as it relates to investing in stocks.
|
|
Provide all relevant journal entries
: For each of the above 6 transaction information, provide all relevant journal entries, if any, required on 31 December 2019
|
|
What amount should jost report as depletion expense
: Jost Co. purchased 50 acres of forest land for $800,000, In its Year 3 income statement, what amount should Jost report as depletion expense?
|
|
Discuss findings by commenting on which appears to be
: Discuss findings by commenting on which appears to be more fiscally sound. Disease Foundation and American Parkinson Disease Association.
|
|
What is the adjusted cost of goods sold per unit
: Actual factory overhead is P1,190,000. What is the adjusted cost of goods sold per unit if 4,000 units were sold in September
|
|
Explain recruitment of employees
: What impact does the compensation and benefit package have on recruitment of employees? How might compensation and benefits also impact the retention of an empl
|
|
Major purposes of managing performance
: Identify and briefly explain the four major purposes of managing performance.
|
|
Explain one firm specific strategic factor
: Describe one firm specific strategic factor, one industry specific factor, and one economy-wide factor that could impact one's forecast of sales volume.
|
|
Journalize the july transactions
: Question - Mike Greenberg opened Sheffield Window Washing Co. on July 1, 2020. Journalize the July transactions
|