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ABC Company uses machine-hours as the allocation base in the Machining Department and direct labor-hours as the allocation base in the Assembly Department. At the beginning of the year, the company made the following estimates: Machining Dept. Assembly Dept. Direct labor-hours 8,000 25,000 Machine-hours 40,000 5,000 Total fixed manufacturing overhead cost P250,000 P360,000 Variable manufacturing overhead per machine-hour P2.50 Variable manufacturing overhead per direct labor-hour P4.25What are ABC's predetermined overhead rate in the Machining and Assembly Departments? O a. P 8.75 and P 18.65 0 b. P250 and P425 0 c. P 31.25 and P1440 0 d. P625 and P1440 The following information is available for Henderson Components for the year just ended. Sales price P27 Fixed cost {for the year] Selling and administrative P450000 Production P675.000 Variable cost (per unit) Materials P8 Labor P4 Plant supervision P1 Selling and administrative P1 Number of units (for the year] 225.000 units Compute the respective per unit 0081 of the following: Full absorption cost per unit Conversion cost per unit Full cost per unit Variable production cost per unit Variable cost per unit Prime cost per unit Contribution margin per unit Gross margin per unit Choose... Choose... Choose... Choose... Choose... Choose... Choose... Choose... 0 1) 0 1) 0 {I 0 {I Martha Company's contribution format income statement for last month is given below: Safes (15,000 units x P30 per unit) ....... P450000 Variable expenses ..................... 31.5000 Contribution margin .................... 135,000 Fixed expenses ....................... 20.9911 Net operating income .................. in The company has a large amount of unused capacity and is studying ways of improving prots. New equipment has come onto the market that would allow Martha Company to automate a portion of its operations. Variable expenses would be reduced by P11 per unit. However, xed expenses would increase to a total of P230000 each month. How much net operating income (loss) would appear If the new equipment Is purchased? 0 a. (P20,000) 0 b. P300000 0 c. P45,000 0 d. P70,000 Supernormal Corporation recorded a transaction for the month: P150,000 in raw materials were requisitioned for use in production. Of this amount, P120,000 was for direct materials and the remainder was for indirect materials. What is the journal entry: O a. Manufacturing Overhead 150,000 Raw materials 150,000 O b. Work in Process 120,000 Raw materials 120,000O C. Work in Process 150,000 Raw materials 150,000 O d. Work in Process 120,000 Manufacturing Overhead 30,000 Raw Materials 150,000