Company B has the following information: Sales P750,000 Net operating income 45,000 Average operating assets Return on investment 18% Minimum required rate of return: Percentage Peso amount 50,000 Residual Income What is the residual income (loss) of Company B?The following data for the just-completed year are taken from the accounting records of Eccles Company: Costs incurred: Advertising expense P 100,000 Direct labor cost 90,000 Purchases of raw materials 132,000 Rent, factory building 80,000 Indirect labor 56,300 Sales commissions 35,000 Utilities, factory 9,000 Maintenance, factory equipment 24,000 Supplies, factory 700 Depreciation, office equipment 8,000 Depreciation, factory equipment 40,000 Inventories: Beginning of the Year End of the Year Raw Materials P 8,000 P10,000 Work-in-Process 5,000 20,000 Finished Goods 70,000 25,000 The selling and administrative expenses amounts toThe following data for the just-completed year are taken from the accounting records of Eccles Company: Costs incurred: Advertising expense P 100,000 Direct labor cost 90,000 Purchases of raw materials 132,000 Rent, factory building 80,000 Indirect labor 56,300 Sales commissions 35,000 Utilities, factory 9,000 Maintenance, factory equipment 24,000 Supplies, factory 700 Depreciation, office equipment 8,000 Depreciation, factory equipment 40,000 Inventories: Beginning of the Year End of the Year Raw Materials P 8,000 P10,000 Work-in-Process 5,000 20,000 Finished Goods 70,000 25,000 The cost of goods sold amounts toUnion Co. uses a standard costing system. The following factory overhead and production data are available for May: Standard fixed overhead rate per direct P1.00 labor hour Standard variable overhead rate per direct P4.00 labor hour Budgeted monthly direct labor hours 40,000 Actual direct labor hours worked 39,500 Standard direct labor hours allowed for 39,000 actual production Overall overhead variance - favorable P2,000 What is the applied factory overhead for May?Loss Company's variable expenses are 72% of sales. The company's break-even point in dollar sales is P2,450,000. If sales are P60,000 below the break-even point, the company would report aSummit Company provided the inventory balances and manufacturing overhead cost data for the month of January. Under summit's cost system, any over-or underapplied is closed to cost of goods sold account at the end of the calendar year. Inventories: January 1 January 31 Direct Materials P 30,000 P 40,000 Work-in-Process 15,000 20,000 Finished Goods 65,000 50,000 Additional information: Month of January Factory Overhead Applied P 150,000 Cost of Goods Manufactured 515,000 Direct Materials Used 190,000 Actual Factory Overhead 144,000 The cost of goods sold if under-or overapplied overhead were allocated to inventories and cost of goods sold isDetroit Disk, Inc. is a retailer for digital video disks. The projected net income for the current year is P600,000 based on a sales volume of 400,000 video disks. Detroit Disk has been selling the disks for P24 each. The variable costs consist of the P15 unit purchase price of the disks and a handling cost of P3 per disk. Detroit Disk's annual fixed costs are P1,800,000. Management is planning for the coming year when it expects that the unit purchase price of the video disks will increase 30 percent. (Ignore income taxes.) Detroit Disk's break-even point in the number of video disks for the current year isArmstrong Corporation manufactures bicycle parts. The company currently has a P19,500 inventory of parts that have become obsolete due to changes in design specifications. The parts could be sold for P7,000, or modified for P10,000 and sold for P20,300. What is the net benefit of modifying the bicycle parts?The following data for the just-completed year are taken from the accounting records of Eccles Company: Costs incurred: Advertising expense ? 100,000 Direct labor cost 90,000 Purchases of raw materials 132,000 Rent, factory building 30,000 Indirect labor 56,300 Sales commissions 35,000 Utilities, factory 9,000 Maintenance, factory equipment 24,000 Supplies, factory T00 Depreciation, ofce equipment 3,000 Depreciation, factory equipment 40,000 Inventories: Beginning of the Year End of the Year Raw Materials 910,000 Work-in-Process 20,000 Finished Goods ?0,000 25,000 The cost of goods manufactured amounts to ____________ . Direct Materials P 5,000,000 Direct Labor 3,500,000 Manufacturing Overhead: Utilities (primarily electricity) 250,000 Depreciation Plant and Equipment 350,000 Insurance 260,000 Supervisory Salary 470,000 Property Taxes 330,000 Selling Cost: Advertising 315,000 Sales Commission 145,000 Administrative Costs: Salaries of Top management 580,000 Office Supplies 70,000 Depreciation on Building and Equipment 140,000 During 20x4, the company operated at about half of its capacity, due to a slowdown in the economy. Prospects for 20x5 are slightly better. Jared Lowes, the marketing manager, forecasts a 30 percent growth in sales over the 20x4 level How much is the total variable cost of Toledo Toy Company in 20x5