What was the cost of job for richy company

Assignment Help Cost Accounting
Reference no: EM132767529

Problem 1: The Richy Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last year was P100,000, and there were 20,000 machine hours budgeted. Job 04 was started and completed during the period. Direct materials costing P450 were incurred. Twenty-five direct labor hours were worked at a cost of P175, and 20 machine hours were incurred. What was the cost of Job 04?

Reference no: EM132767529

Questions Cloud

What is the present value net benefit of the project : A project yields an annual benefit of $140 year,The interest rate is 5 percent and there is no inflation. What is the present value net benefit of this project?
Describe actions of hazelwood power corporations management : Describe the actions of Hazelwood Power Corporation's management from a triple bottom line perspective. Include a reflection as to whether Hazelwood Power.
Prepare the journal entry maple corp has to record on dec : Maple Corp. decided to choose option (C). Prepare the journal entry Maple Corp. has to record on December 31, 2020. Maple Corp.'s fiscal year-end is December 31
Journalise the transactions using given details : In the 1st Feb 2020 kamau started a business with capital sh .30,000. On 3rd feb2020 purchased goods from otieno on credit sh.3000, on 4th Feb 2020 pay cash to.
What was the cost of job for richy company : Richy Company, Twenty-five direct labor hours were worked at a cost of P175, and 20 machine hours were incurred. What was the cost of Job 04?
Why are companies even in heavy polluting industries : Why are companies even in heavy polluting industries supporting CSR initiatives? What are the reasons against CSR? As part of your answer, you should discuss
What would happen to the sample size : How large a sample is needed to determine the percentage of adult Americans who want help figuring out the best methods for improving their health?
What was the total prime cost for ajax processing co : What the total prime cost for Ajax Processing Co? factory payroll, P175,000 of direct labor and P111,250 of indirect labor. indirect materials, P112,500
Determine the income effects that would be reported : On Penston's financial statements for the year ended December 31, 2020, determine the income effects that would be reported from its ownership in Scranton?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Critique the analyses provided by the analysts

Critique the analyses provided by the analysts. If there are errors, highlight which variances are in error, and provide the corrected analysis.

  Acme company production budget for august

Prepare a flexible budget that would be used to compare against actual production costs for August.

  How do determine the amount of budgeted overhead cost

Safari Company expects to incur $450,000 in manufacturing overhead, Determine the amount of budgeted overhead cost for each department.

  Find what are the equivalent units for conversion costs

JOD adds materials at the beginning of the process. Using FIFO, what are the equivalent units for conversion costs for the month?

  What minimum price if galaxy accept the special order is

If Galaxy's is currently producing 20,000 components (at full capacity), the minimum price/unit if Galaxy accept the special order is

  Calculate the margin of safety

The fixed costs are $900,000. The business expects sales revenue of $4,000,000. Calculate the margin of safety (in percent)

  Prepare a cost of production report for sifting department

Prepare a cost of production report for the Sifting Department for May. If an amount is zero, enter 0. If required, round your cost per equivalent unit answers to nearest cent.

  Calculate star estimated break-even point

Identify some business factors other than operating leverage that management should consider before selecting the manufacturing method.

  Preparing a production budget for e-lan electronics

Preparing a production budget for E-Lan Electronics. As the head accountant for E-Lan Electronics, you are responsible to prepare the company's master budget

  Create a proposal for the firm to expand its operations

Locate the financial information for a company that has only domestic manufacturing operations. Assume management desires to expand into the global market

  By what amount would net relevant costs be increased

By what amount would net relevant costs be increased or decreased if Buck accepts Hollow's offer?

  Cvp analysis shoe stores the walkrite shoe company operates

cvp analysis shoe stores. the walkrite shoe company operates a chain of shoe stores that sell10 different styles of

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