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Questions -
Q1. Lady Company's sales forecast for April is 12,000 units, for May is 22,000 units, and for June is 25,000 units. Sales totaled 10,000 units in March. The finished goods inventory for March was 2,000 units. End-of-month finished goods inventory levels are planned to be equal to 15 percent of the next month's planned sales. Find the planned ending inventory of finished goods for May?
6,320 units
5,640 units
3,750 units
2,470 units
Q2. Wella Co. produces mode trains. During the month of July, it produced 4,000 trains. The actual labor hours were 8 hours per train. Its standard labor hours are 10 hours per train. The standard labor rate is Php12.00 per hour. At the end of July, Well Co. found that it had an unfavorable labor rate variance of Php8,000. What was Wella Company's actual cost per labor hour?
Php 12.75
Php 11.50
Php 12.25
Php 13.00
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