Cost

Which cost is most likely to be avoidable in deciding whether to shut down one of the four assembly lines in a factory? O a. Depreciation on the factory building. O b. Salaries of maintenance workers who service all assembly lines. O c. Power used to operate equipment on the assembly line. d. Heat and light for the building.The three major components of manufacturing cost are O a. materials, work in process, and finished goods. O b. materials, labor, and manufacturing overhead. O c. materials, labor, and finished goods. O d. materials, labor, and production costs.Rio Manufacturing Company uses a job order cost system. At the beginning of February, Rio only had one job in process, Job #594. The direct costs assigned to this job at that time were P800 of materials and P650 of labor. Job #594 was finished during February incurring additional direct costs of P120 for materials and P370 for labor. Job #595 was started and finished during February. The direct costs assigned to this job were P310 for materials and P190 for labor. Job #596 was started during February but was not finished by the end of the month. The direct costs assigned to this job were P740 for materials and P300 for labor. Rio applies manufacturing overhead to its products at a rate of 200% of direct labor cost. What is Rio's cost of goods manufactured for February?and finished during February. The direct costs assigned to this job were P310 for materials and P190 for labor. Job #596 was started during February but was not finished by the end of the month. The direct costs assigned to this job were P740 for materials and P300 for labor. Rio applies manufacturing overhead to its products at a rate of 200% of direct labor cost. What is Rio's cost of goods manufactured for February? A) P2,440 O B) P3,750 C) P4,860 O D) P6,500In the Vasquez Company, any over- or underapplied overhead is closed out to Cost of Goods Sold. Last year, the company incurred P27,000 in actual manufacturing overhead cost, and applied P29,000 of overhead / cost to jobs. The beginning and ending balances of Finished Goods were equal, and the Company's Cost of Goods Manufactured for the year totaled P71,000. Given this information, Cost of Goods Sold, after adjustment for any over- or underapplied overhead, for the year must have been: A) P98,000 O B) P73,000 O C) P71,000 (D) P69,000On the Schedule of Cost of Goods Manufactured, the final Cost of Goods Manufactured figure represents: O A) the amount of cost charged to Work in Process during the period. B) the amount of cost transferred O from Finished Goods to Cost of Goods Sold during the period. O C) the amount of cost placed into production during the period. D) the amount of cost of goods O completed during the current year whether they were started before or during the current year.At the beginning of the year, manufacturing overhead for the year was estimated to be P477,590. At the end of the year, actual direct labor- hours for the year were 29,000 hours, the actual manufacturing overhead for the year was P472,590, and manufacturing overhead for the year was overapplied by P110. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: A) 29,300 direct labor-hours O B) 28,987 direct labor-hours C) 28,993 direct labor-hours O D) 29,000 direct labor-hoursBradbeer Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor- hours were 17,500 hours. At the end of the year, actual direct labor-hours for the year were 16,000 hours, the actual manufacturing overhead for the year was P233,000, and manufacturing overhead for the year was underapplied by P15,400. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been: A) P249,375 O B) P217,600 O C) P228,000 ( D) P238,000Braam Corporation uses direct labor- hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 11,500 hours. At the end of the year, actual direct labor-hours for the year were 9,700 hours, the actual manufacturing overhead for the year was P143,350, and manufacturing overhead for the year was underapplied by P18,220. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been: A) P164,023 B) P125, 130 O C) P148,350 O D) P138,350Braaten Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor- hours were 14,100 hours. At the end of the year, actual direct labor-hours for the year were 13,500 hours, the actual manufacturing overhead for the year was P291,100, and manufacturing overhead for the year was underapplied by P7,600. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been: O A) P286,100 O B) P296, 100 O C) P298,816 D) P283,500Dafoe Corporation uses direct labor- hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was P221,100. At the end of the year, actual direct labor-hours for the year were 14,400 hours, manufacturing overhead for the year was overapplied by P21,500, and the actual manufacturing overhead was P216,100. The predetermined overhead rate for the year must have been closest to: A) P15.01 ( B) P17.73 O C) P15.35 O D) P16.50