$1.$ On December $1,2024$ Jose Feliciano ordered placed the order for $12$ tables from your Company, POGI SI SIR ENTERPRISE. Materials ordered from suppliers and delivered on December $5,$ totalled $$64,000.$ Labor tickets for the order were summarized to total $$22,500\mathrm{.}00$ including overtime for $$3,500\mathrm{.}00.$ Factory overhead were as follows:

a$.$ Indirect Materials $$1,200\mathrm{.}00$

b$.$ Indirect labor $800\mathrm{.}00$

c$.$ Other factory overhead $600\mathrm{.}00$

What is the cost per table? Show your computations.

$2.$ The LOVE KO SI SIR Motor Shop had a job order for Car Repairs. Total Material used was $$2,500,$ while direct labor for the service was $$800\mathrm{.}00.$ Overhead expenses was double the direct labor for the service.

What is the total cost of the job?

Show your computation

$3.$ The following figures were reported by the Cost Accountant:

Raw Materials inventory beginning.. $$22,500\mathrm{.}00$

Raw Materials inventory end................ $12,500\mathrm{.}00$

Raw Materials Purchases.................. $35,000\mathrm{.}00$

Direct Labor $......................................14,000\mathrm{.}00$

Manufacturing Overhead $,18,000\mathrm{.}00$

Work in Process inventory beginning. $13,000\mathrm{.}00$

Work in Process inventory end $...........\mathrm{.}12,000\mathrm{.}00$

Finished Goods Inventory beginning. $25,000\mathrm{.}00$

Finished Goods Inventory end............ $21,000\mathrm{.}00$

Prepare a Schedule of Goods Manufactured and sold in proper form.

$4.$ Why do we need to study Cost Accounting?