cost accounting

Problem 2 Donna Company submits the following data for May 2013 Direct labor cost P80,000 Purchases P100,000 Factory overhead Applied at 150% of direct labor cost Inventories May 1 May 31 Finished goods P45,000 P24, 000 Work in Process P25, 800 P18,000 Materials P22, 000 P25,000 How much is the adjusted COGS after closing the over or under applied overhead to the monthly cost of goods sold? Problem 2 Donna Company submits the following data for May 2013 Direct labor cost P80,000 Purchases P100,000 Factory overhead Applied at 150% of direct labor cost Inventories May 1 May 31 Finished goods P45,000 P24, 000 Work in Process P25, 800 P18, 000 Materials P22, 000 P25,000 How much is the Company's Cost of goods sold unadjusted? Problem 3 Kyle Manufacturing Company produces various types of fertilizers. No beginning work in process or finished goods were on hand on January 1, 2012. The following are data provided by the company: 30,000 finished goods were on hand on December 31, 2012. 95,000 units were sold during the year No units in work in process inventories on December 31, 2012. Materials put into production amounts to P300, 000, 75% were direct materials (No beginning or ending materials inventory) Labor costs were P350,000, 40% was for indirect labor Factory overhead costs other than indirect material and indirect labor were the following: Heat, light, water P120,000 Depreciation P75,000 Property Taxes P65,000 Repairs and maintenance P40,000 Selling Expenses were P80,000 and general and administrative expenses were P50,000. Compute for the Unit Cost (cost per unit of goods manufactured) Problem 3 Kyle Manufacturing Company produces various types of fertilizers. No beginning work in process or finished goods were on hand on January 1, 2012. The following are data provided by the company: 30,000 finished goods were on hand on December 31, 2012. 95, 000 units were sold during the year No units in work in process inventories on December 31, 2012. Materials put into production amounts to P300, 000, 75% were direct materials (No beginning or ending materials inventory) Labor costs were P350, 000, 40% was for indirect labor Factory overhead costs other than indirect material and indirect labor were the following: Heat, light, water P120,000 Depreciation P75,000 Property Taxes P65, 000 Repairs and maintenance P40,000 Selling Expenses were P80,000 and general and administrative expenses were P50,000. Compute for the Period Cost Problem 3 Kyle Manufacturing Company produces various types of fertilizers. No beginning work in process or finished goods were on hand on January 1, 2012. The following are data provided by the company: 30,000 finished goods were on hand on December 31, 2012. 95,000 units were sold during the year No units in work in process inventories on December 31, 2012. Materials put into production amounts to P300,000, 75% were direct materials (No beginning or ending materials inventory) Labor costs were P350, 000, 40% was for indirect labor Factory overhead costs other than indirect material and indirect labor were the following: Heat, light, water P120,000 Depreciation P75,000 Property Taxes P65,000 Repairs and maintenance P40,000 Selling Expenses were P80,000 and general and administrative expenses were P50,000. Compute the Prime Cost