1. X Corp produces custom designed dresses and incurred the following: Cost of fabric used is 600,000; wages of dressmakers is 50,000; wages of dress designers is 40,000; wages of sales personnel is 90,000; wages of mfg maintenance employees is 2,000; cost of electricity in shop is 3,500; cost of billboard displayed in front of shop is 1,200; cost of advertising is 2,800; and cost of shop rental is 6,500. What is the conversion cost?

2. HAL Corp has the following data for 2020: RM, beginning of 5,000; Purchases of raw materials is 50,000; return of defective raw materials to suppliers of 4,000; return of direct materials from the production to warehouse (over issuance of direct materials) of 2,000; ending raw materials inventory of 1,000. Total Payroll of the company is 80,000, net of SSS, Pag ibig, Philhealth and Taxes withheld of 8,000. Per cost acctg, total payroll was allocated to 80% production and 20% OPEX. Then, the production payroll was allocated to 90% direct labor and 10% indirect labor. Budgeted overhead cost is 50,000 while the budgeted direct labor cost is 100,000. Indirect materials used is 3,000, Other overhead cost is 12,000. Beginning balances of WIP and FG are 10,000 AND 14,000, respectively. WIP decreased to 6,000 and FG increased by 4,000. What is the cost of gods sold at normal cost?

3. Using the least square method, calculate the yearly fixed cost. (Round off up to five decimal places the variable cost per unit, if necessary)

the following costs associated with over the last several terms as follows:

Year sections mixed cost 2008 7 1,200 2009 9 1,350 2010 3 800 2011 5 950 2012 6 1,000

4. Em Corp's cost formula for electricity cost is Y=4,000 + 3 X; based on machine hours. During the period, the company incurred 2,000 machine hours and 1,000 labor hours, compute the expected electricity cost assuming the relevant range is from 1,000 to 3,000 hours.

5. TRUE OR FALSE I. HIGH LOW POINTS METHOD- The fixed and variable elements from mixed cost are computed from two sample data pointsthe highest and lowest points as to activity level. II. Scatter graph (Scatter Diagram) Method - All observed costs at various activity levels are plotted on a graph. Based on sound judgment, a regression line is then fitted to the plotted points to represents the line functions. A. TT

B. FF

C. FT

D. TF

6. Indirect materials used is 10,000 and indirect labor is 20,000. Purchases of materials is 100,000. Freight cost from delivery of goods from the company to its customer is 2,000. If raw material inventory decreased by 5,000 and prime cost is 150,000 while OH is applied at 200% of DL; compute the manufacturing cost.

7. TRUE OR FALSE I. If the coefficient of correlation for machine hours is higher than the coefficient of correlation for direct labor hours, then, it is more reasonable to use the direct labor hours as basis for computing (estimating) total cost (Y=a + bx). II. Relevant range assumptions: relevant range refers to the range of activity within which the identified cost behavior patterns are valid. Any level of activity beyond this range may show different cost behavior A. TT

B. FF

C. FT

D. TF

8. The cost function derived by simple least square method is

A. Bi-linear

B. Curvilinear

C. Parabolic

D. Linear

E. Must be tested for min and max points

F. None of the above

9. In cost acctg, relevant range is the range over which

A. Production is stable

B. Costs are stable and constant

C. Total fixed cost fluctuates

D. Cost relationship Is not valid

E. None of the above

10. If the coefficient of correlation between two variables is +.95 , how might a scatter diagram of these variables appear?

A. A least square line that slopes to the right

B. A least square that slopes down to the right

C. Slopes down to the left

D. None of the above E. Random points

11. If "r" between two variables is zero, ow might the scatter diagram of these variables appear?

a. A least square line that slopes to the right b. Under this case, the scatter diagram could not be plotted in graph

c. A least square line that slopes to the left

d. None of the above