What is the selling price to the customer of Job

Assignment Help Accounting Basics
Reference no: EM132956999

Problem - The following information relates to Job. No. 2468, which is being carried out by a company to meet

A customer's order: Dept A Dept B

Direct materials consumed P5,000 P3,000

Direct labor rate per hour P4 P5

Production overhead per DL hour P4 P4

Direct labor hours employed 400 200

Administrative and other overhead costs 20% of full production cost

Profit mark up 25% of selling price

What is the selling price to the customer of Job. No. 2468?

Reference no: EM132956999

Questions Cloud

What is felice internal rate of return : NOW Technology stock at $7 in Christmas 9 years ago. In Christmas of 2019 she sells the stock at $28 per share. What is Felice's internal rate of return?
What does right really mean : What does "right" really mean? How do you know when something is truly right or wrong?
What is the effective rate for the year using a year : A financial institution quotes a rate of 3.55 percent compounded daily. What is the effective rate for the year using a 365 day year?
What are the key issues regarding internal equity : What are the key issues regarding internal equity? What are the key issues regarding the pay structure? Explain each.
What is the selling price to the customer of Job : The following information relates to Job. No. 2468, which is being carried out by a company to meet - What is the selling price to the customer of Job. No. 2468
How much money must easy have in the account : He sets up a retirement account that is estimated to earn 8.8 percent annually. How much money must Easy have in the account when he reaches 65 years old?
How much is the carrying value of the lease libility : The annual lease payments will be reduced to P400,000. How much is the carrying value of the lease libility as of December 31, 2022
Calculate the monthly mortgage payment made : Calculate the monthly mortgage payment made at the beginning of each month on a $146,000 mortgage. The mortgage is for fifteen years
Seven distinctive characteristics of a servant leader : Describe the biggest "take-away" from The Seven Distinctive Characteristics of a Servant Leader and how it can apply to a particular assessment practice in a pu

Reviews

Write a Review

Accounting Basics Questions & Answers

  How many shares have been issued

The balance sheet for Ronlad Corporation reported 185,000 shares outstanding, 283,000 shares authorized, How many shares have been issued

  What is the current break-even point in units

What is the current break-even point in units? If the manager raises the price, what will be the new break-even point in units?

  How accounting for professional service firms

How accounting for professional service firms differs from manufacturing mainly because? there are no materials used in services

  How would revenue recognition under this contract

How would revenue recognition under this contract be accounted for under current IFRS 15 and ASC 606 standards (See Section 1.2)

  Near the end of 2012 fairview construction company asks for

preston concrete is a major supplier of concrete to residential and commercial builders in the pacific northwest. the

  Estimate the average cost of ending inventory

Required: Estimate the average cost of ending inventory and cost of goods sold for October. Do not approximate LCM

  Image text transcribed for accessibility the primary

1. the primary purpose of the statement of cash flows is to report all major cash receipts inflows and cash payments

  What is the amount of the annual coupon payment

What is the amount of the annual coupon payment for a bond that has 6 years until maturit

  Franchise fees and revenue recognition

From the e-Activity, briefly describe the company's franchise structure which you researched. Suggest one (1) way in which the company could improve its franchise structure to make it more attractive to potential customers.

  What two scenarios would require the auditor

What two scenarios would require the auditor to modify their audit opinion? Is this change based on the severity of the circumstances?

  The non-voting preferred shares of copper

Tin acquired 15% of the equity voting shares and 90% of the non-voting preferred shares of Copper. Copper has no other category of shares. The directors of Tin are also the directors of Copper, there is a common head office with shared administrat..

  Budgeted monthly absorption costing income statements

Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd