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Problem 1: In Baguio Corp, sixty percent of materials are added when the goods are ¼ done and the remainder, when they are ¾ done. The equivalent production of materials is 20,000 and for conversion cost, 20,500. There are 2,000 units in the ending WIP, ¼ done. WIP beginning was 4/5 done. Normal loss at the beginning is 500 units. Unit cost from preceding department was P10.40. In this department, materials unit cost was P3 and conversion unit cost was P2. What is the adjustment for lost unit for each remaining good unit?
Pick a profit margin and then for 3 different scenarios calculate the direct and indirect costs of those incidents and the amount of good.
How do the income statement, statement of retained earnings, and the balance sheet interact? In preparing the four primary financial statements, in what order must the statement be prepared? Explain why.
B Company uses a job order costing system. Journalize the entry to record incurrence of the rework costs, assuming that all rework is abnormal.
Summarize company and explain CVP and Capital budgeting. Identify and list various costs-fixed and variable, direct and indirect-required to execute project.
How many chalets were occupied for package 1 during december? how much revenue was required to break even in december?
Alpine Inc. uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2014 totaled $20,000 of materials, $8,000 of direct labor costs, and $8,000 of manufacturing overhead applied.
The Summer Products Division of Super-Sports, Prepare properly formatted segmented income statement in the contribution format for this past month.
Why do we need to use factory overhead application rate ? Explain. Determine the over- or underapplied overhead for the year
Choose a company that utilized activity based costing, standard costing, a Just-In-Time operating environment, or any of the other costing concepts covered in our readings during this module?
Compute a table indicating the most economical order quantity. A company has estimates that 36000 ring binders will be needed next year.
Ernst Equipment Co. wants to prepare interim financial statements for the first quarter. The company wishes to avoid making a physical count of inventory.
The bonds will be sold for 940. What is the YTM of the bonds when they are sold? A company wishes to issue 10 year annual pay bonds with a face value
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