Green Company sells its product for P11,000 per unit Variable costs per unit are manufacturing, P6,000 and selling and administrative, P125 Fixed costs are P30,000 manufacturing overhead, and P40,000 selling and administrative There was no beginning inventory at 1 1 20 Production was 20 units per year in 2020 2021 Sales was 20 units in 2020, 16 units in 2020, and 24 units in 2021 Income under variable costing for 2020 is a P16,000 b P8,000 c P14,000 d P22,000 II Gottberg Mugs is planning to sell 2,000 mugs and produce 2,200 mugs during April Each mug requires 2 pounds of resin and one half hour of direct labor Resin costs P1 per pound and employees of the company are paid P12 50 per hour Manufacturing overhead is applied at a rate of 120 of direct labor costs Gottberg has 2,000 pounds of resin in beginning inventory and wants to have 2,400 pounds in ending inventory How much is the total amount of budgeted direct labor for April a P25,000 b P13,750 c P27,500 d P12,500 III During December, the capital budget indicates a P280,000 purchase of equipment The ending November cash balance is budgeted to be P40,000 Cash receipts are P840,000, and cash disbursements are P610,000 during December The company wants to maintain a minimum cash balance of P20,000 What is the minimum cash loan that must be planned to be borrowed from the Bank during December a P50,000 b P10,000 c P30,000 d P0 IV The following credit sales are budgeted by Polex Electronics JanuaryP124,000 February120,000 March135,000 April140,000 May142,000 The company's past experience indicates that 50 of the accounts receivable are collected in the month of sale, 30 in the month following the sale, and 18 in the second month following the sale Two percent are uncollectible How much does the company anticipate as cash receipts for March a P122,300 b P132,300 c P125,820 d P135,060 V Green Company sells its product for P11,000 per unit Variable costs per unit are manufacturing, P6,000 and selling and administrative, P125 Fixed costs are P30,000 manufacturing overhead, and P40,000 selling and administrative There was no beginning inventory at 1 1 20 Production was 20 units per year in 2020 2021 Sales was 20 units in 2020, 16 units in 2020, and 24 units in 2021 Income under absorption costing for 2021 is a P41,000 b P47,000 c P39,000 d P33,000 VI Safety Seats Company recorded operating data for its shoe division for the year The company's desired return is 5 Sales P500,000 Contribution margin 100,000 Total direct fixed costs 60,000 Average total operating assets 200,000 How much is ROI for the year if management is able to identify a way to improve the contribution margin by P20,000, assuming fixed costs are held constant VII,

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Green Company sells its product for P11,000 per unit. Variable costs per unit are: manufacturing, P6,000; and selling and administrative, P125. Fixed costs are: P30,000

Green Company sells its product for P11,000 per unit. Variable costs per unit are: manufacturing, P6,000; and selling and administrative, P125. Fixed costs are: P30,000 manufacturing overhead, and P40,000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020 - 2021. Sales was 20 units in 2020, 16 units in 2020, and 24 units in 2021.

Income under variable costing for 2020 is

P16,000

P8,000.

P14,000

P22,000.

II. Gottberg Mugs is planning to sell 2,000 mugs and produce 2,200 mugs during April. Each mug requires 2 pounds of resin and one-half hour of direct labor. Resin costs P1 per pound and employees of the company are paid P12.50 per hour.Manufacturing overhead is applied at a rate of 120% of direct labor costs. Gottberg has 2,000 pounds of resin in beginning inventory and wants to have 2,400 pounds in ending inventory. How much is the total amount of budgeted direct labor for April?

P25,000

P13,750

P27,500

P12,500

III. During December, the capital budget indicates a P280,000 purchase of equipment. The ending November cash balance is budgeted to be P40,000. Cash receipts are P840,000, and cash disbursements are P610,000 during December. The company wants to maintain a minimum cash balance of P20,000. What is the minimum cash loan that must be planned to be borrowed from the Bank during December?

P50,000

P10,000

P30,000

IV. The following credit sales are budgeted by Polex Electronics:

JanuaryP124,000

February120,000

March135,000

April140,000

May142,000

The company's past experience indicates that 50% of the accounts receivable are collected in the month of sale, 30% in the month following the sale, and 18% in the second month following the sale. Two percent are uncollectible. How much does the company anticipate as cash receipts for March?

P122,300

P132,300

P125,820

P135,060

V. Green Company sells its product for P11,000 per unit. Variable costs per unit are: manufacturing, P6,000; and selling and administrative, P125. Fixed costs are: P30,000 manufacturing overhead, and P40,000 selling and administrative. There was no beginning inventory at 1/1/20. Production was 20 units per year in 2020 - 2021. Sales was 20 units in 2020, 16 units in 2020, and 24 units in 2021.

Income under absorption costing for 2021 is

P41,000

P47,000.

P39,000

P33,000.

VI.

Safety Seats Company recorded operating data for its shoe division for the year. The company's desired return is 5%.

Sales

P500,000

Contribution margin

100,000

Total direct fixed costs

60,000

Average total operating assets

200,000

How much is ROI for the year if management is able to identify a way to improve the contribution margin by P20,000, assuming fixed costs are held constant?

VII,