FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

57. Ethel Company manufactures electric motors for electric fans. The company uses the JIT/Backflush Costing to manufacture the electric motor. The projected labor and factory

57.

Ethel Company manufactures electric motors for electric fans. The company uses the JIT/Backflush Costing to manufacture the electric motor. The projected labor and factory overhead is P3,685,000; materials costs, P28 per unit. Planned production included 2,000 hours to produce 13,750 electric motors. Actual production for January was 800 units and electric motors shipped are 690 units.

Compute the budgeted conversion cost per unit.

d. P1,842,50

a. P120

b. P268

c. P296

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav

13th Edition

8120335643, 136126634, 978-0136126638

More Books

Students also viewed these Accounting questions

Question

57 Ethel Company manufactures electric motors for electric fans. The company uses the JIT/Backflush Costing to manufacture the electric motor. The projected labor and factory overhead is P3,685,000;...

Answered: 1 week ago

Question

58. Ethel Company manufactures electric motors for electric fans. The company uses the JIT/Backflush Costing to manufacture the electric motor. The projected labor and factory overhead is P3,685,000;...

Answered: 1 week ago

Question

★★★★★
Ethel Company manufactures electric motors for electric fans. The company uses the JIT/Backflush Costing to manufacture the electric motor. The projected labor and factory overhead is P3,685,000;...

Answered: 1 week ago

Question

★★★★★
A heating section consists of a 10 inch diameter duct which houses a 8 kW electric resistance heater. Air enters the heating section at 14.7 psia, 40oF and 35% relative humidity at a velocity of 21...

Answered: 1 week ago

Question

★★★★★
For each of the following products and services, indicate whether it is more likely produced in a process operation or in a job order operation. 1. Beach towels 2. Bolts and nuts 3. Lawn chairs 4....

Answered: 1 week ago

Question

★★★★★
Whitehurst Associates is considering a substantial investment in the stock of Ivanhoe Enterprises. Ivanhoe currently (time 0) pays a dividend of $3 per share. This dividend is expected to grow at 15...

Answered: 1 week ago

Question

★★★★★
2. At the beginning of the year, as students enter class, call their attention to a chart posted on the board listing all of the materials they should have with them when they come to class.

Answered: 1 week ago

Question

★★★★★
Kersten Company makes and sells a toy plane. Kersten incurred the following costs in its most recent fiscal year: Cost Items Reported on Income Statement Shipping and handling costs ($0.75 per unit)...

Answered: 1 week ago

Question

★★★★★
Problem 3 Write an assembly language program that prints your first name in the output. Use immediate addressing with a hexadecimal constant to designate the operand of CHARO for each letter of your...

Answered: 1 week ago

Question

★★★★★
In Alahmadi During a cold winter day, wind at 55 km/h is blowing parallel to a 4-m-high and 10-m-long wall of a house. If the air outside is at 5°C and the surface temperature of the wall is...

Answered: 1 week ago

Question

★★★★★
Question 2 (5 points) Employment data at a large company reveal that 70% of the workers are married (event A) and the 50% of the workers are college graduates (event B). It is also known that 25% of...

Answered: 1 week ago

Question

★★★★★
You are a solution architect conducting a security model workshop for a customer. The customer uses the sharing feature in security for several security requirements. You need to evaluate the risks...

Answered: 1 week ago

Question

★★★★★
1. In the balance diagram below, a) Fill in the phase fields. (20 p.) b) Which of the alloys containing 2%, 80%, 93% B and 97% B can be (precipitation) hardening? Briefly explain age hardening. (30...

Answered: 1 week ago

Question

★★★★★
Dry cleaning is a $5 billion industry primarily because the natural fabrics popular today, such as wool and linen, require professional cleaning. For more than five decades, customers have known and...

Answered: 1 week ago

Question

★★★★★
Why is Python considered a good language for beginners in programming and software testing? Python's complex syntax is a good challenge for beginners. Python has limited resources and libraries,...

Answered: 1 week ago

Question

★★★★★
Suppose a firm has a production function given by Q = LK, w = 16, r = 25 a) Find the firm's total cost function and marginal cost, assuming that there are no fixed costs. b) Does the firm exhibit...

Answered: 1 week ago

Question

★★★★★
Chirac & Partners, a Quebec-based public accounting partnership, specializes in audit services. Its job-oosting system has a single direct-cost category (professional labor) and a single...

Answered: 1 week ago

Question

★★★★★
Differentiate the following terms/concepts: a. Personality types and money attitudes b. Planners and avoiders c. Moderating and adapting to biases d. "Perfectible judges" and "incorrigible judges"

Answered: 1 week ago

Question

★★★★★
24. Since there were apparently at least three deaths in the year prior to the major explosion, and an average of about one employee death per 16 months for the previous 10 years, how would you...

Answered: 1 week ago

Question

★★★★★
27. Explain specifically how strategic human resource management at BP seems to have supported the companys broader strategic aims. What does this say about the advisability of always linking human...

Answered: 1 week ago

Question

★★★★★
Equity Accounts The Eastern Spruce equity accounts for last year are as follows: a. What are the common stock and total equity values for the equity account? b. The company has decided to issue 5,000...

Answered: 1 week ago

Previous Question Next Question