Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

BSA Company has provided you with the following information: Raw materials purchased P135,000; Raw materials inventory beginning balance P100,000; Raw materials inventory ending balance P175,000;

  1. BSA Company has provided you with the following information: Raw materials purchased P135,000; Raw materials inventory beginning balance P100,000; Raw materials inventory ending balance P175,000; Factory overhead (including P85,000 of indirect labor and P20,000 of indirect materials) P227,500; Total manufacturing costs P960,000. The amount of direct labor cost for the period is
  2. BSA Company produces a product Achiever. To produce this product, it annually need 500,000 units of material X. Total ordering costs and carrying costs for the year is P100,000. The average inventory for the year is 5,000 units. At 20,000 units ordered, how much is the total costs greater than at economic order quantity?
  3. BSA Company has five employees with the following daily rate: Jullianne, office secretary, P1,000; Justine, production supervisor, P1,500; Stephen, Sales supervisor, P1,200; Marvelous, laborer, P900; and Felicity, laborer, P800. Payroll is paid every Friday and December 31 falls on a Wednesday. The total weekly payroll charged to work in process account is
  4. BSA Company produces 10,000 units of Product Hardwork. Each Hardwork requires 500 setups, 1,000 shipments and 75 engineering change orders. Overhead costs include setups P450,000 (2,500 total setups), shipping cost P700,000 (3,500 total shipments) and engineering costs P900,000 (150 total engineering change orders). What is the per unit overhead cost of Product Hardwork if ABC were used?
  5. BSA Company manufactures products AA and BB. During the period, there are 200 units of AA and 400 units of BB produced. AA will require 100 and BB 400 material moves. Total budgeted materials handling is P1,000,000. Under the ABC, the material handling costs allocated to each unit of BB would be?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer 1 To find the amount of direct labor cost for the period we need to subtract the indirect labor cost from the total manufacturing costs Given i... 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

Managerial Accounting

Authors: Ramji Balakrishnan, Konduru Sivaramakrishnan, Geoff B. Sprinkle

2nd edition

1118385381, 978-1118385388

More Books

Students also viewed these Accounting questions