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Problem - The Integrity Manufactures toys for the Big Boys. One order from Mr. Job for 2,000 units showed the following costs per unit:
Direct materials: P3.50
Direct labor: 1.25
Manufacturing overhead at 140% of direct labor cost is defective work is charged to the job, 150% if it is not. Final inspection revealed that 100 of the units were improperly manufactured. These units were disassembled and properly manufactured. The per unit cost of correcting the defective products consists of P0.15 for materials, P0.25 for direct labor, and manufacturing overhead at the predetermined rate.
What is the cost per unit produced, assuming that the rework costs is charged to the customer, Mr. Job?
Calculate all the labor variances.Cristiano's Cookies expected to use 0.20 direct labor hours to produce 1 unit (batch) of product at a cost of $12 per hour
actual manufacturing overhead was $181,500. The pre - determined overhead rate for the year must have been
What are the equivalent units of direct material started during June, using the FIFO method? What are the equivalent units of conversion started during June
Prepare consolidation workpapers for Pal Corporation and Subsidiary for 2011 - prepare a consolidated income statement and a consolidated balance sheet for Pal Corporation and Subsidiary.
Compute the net cash provided by operating activities for Year 2 - Prepare a statement of cash flows for Year 2.
Find Direct materials budget and Production budget and Direct labour budget. Musicova Pty Ltd produces a single product which uses one direct material.
Taxes were $15,000. The firm has 100,000 shares of common stock outstanding. What are the earnings per share on the common stock?
Shiffon Electronics uses weighted-average costing. Conversion costs are allocated evenly. What is the direct materials cost per equivalent unit during? March?
Compute the debt-to-equity ratio assuming that debt is defined to include all liabilities, debt is defined to include just interest-bearing debt, and debt is defined to include just long-term, interest-bearing debt.
On July 1, it issued $8,870,000 of 10%, 15-year bonds (interest payable July 1 and January 1) at 99. Prepare the journal entries necessary to record issue
For making 10 kg of yarn, the standard material requirement rates are: material quantity= 4kg Rate per kg= RS 3. Calculate the material usage variance
Calculate the net present value of the planned investment project. Calculate the discounted payback period of the planned investment project.
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