PLEASE HELP ME ANSWER THIS ALL I PROMISE TO LIKE YOUR ANSWER IT IS FOR MU EXAM PLEASE HELP ME DONT FAIL HUHU
Question 46 2 pts At the end of 2018, Furry Balls Co. had the following account balances after factory overhead had been closed to manufacturing overhead control: Manufacturing overhead control, P20,000 dr. Cost of goods sold, P384,000 dr. Finished goods, P96,000 dr. Work in process, P160,000 dr. Raw materials, P160,000 dr. Case 1: any under- or over-applied overhead is considered immaterial. What is the adjusted balance of cost of goods sold after disposing the under- or over-applied overhead? Question 47 2 pts Century Company uses job order costing system. During April 2018, the following information is available for the Work in Process Inventory account: Beginning balance P40,000 Direct material used 140,000 Direct labor incurred 120,000 Actual overhead 90,000 Applied overhead 96,000 Cost of goods manufactured 370,000 Century Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of April which contained P11,200 of overhead. What amount of direct material was included in this job? Question 48 2 pts At the end of 2018, Furry Balls Co. had the following account balances after factory overhead had been closed to manufacturing overhead control: Manufacturing overhead control, P20,000 dr. Cost of goods sold, P384,000 dr. Finished goods, P96,000 dr. Work in process, P160,000 dr. Raw materials, P160,000 dr. Case 1: any under- or over-applied overhead is considered material. What is the adjusted balance of work in process inventory after disposing the under-or over- applied overhead? Question 49 2 pts At the end of 2018, Furry Balls Co. Had the following account balances after factory overhead had been closed to manufacturing overhead control: Manufacturing overhead control, P20,000 cr. Cost of goods sold, P384.000 dr. Finished goods, P96,000 dr. Work in process, P160,000 dr. Raw materials, P160,000 dr. Case 1: Any under-or over-applied overhead is considered immaterial. What is the adjusted balance of cost of goods sold after disposing the under-or over-applied overhead? Question 50 2 pts For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units: Original cost accumulation: Direct materials P800,000 Direct labor 500,000 Manufacturing 125,000 Direct costs of reworking 200 units Direct materials P320,000 Direct labor 200,000 What is the cost per unit of Job number 007 if the rework costs were attributable to the exacting specifications? Question 46 2 pts At the end of 2018, Furry Balls Co. had the following account balances after factory overhead had been closed to manufacturing overhead control: Manufacturing overhead control, P20,000 dr. Cost of goods sold, P384,000 dr. Finished goods, P96,000 dr. Work in process, P160,000 dr. Raw materials, P160,000 dr. Case 1: any under- or over-applied overhead is considered immaterial. What is the adjusted balance of cost of goods sold after disposing the under- or over-applied overhead? Question 47 2 pts Century Company uses job order costing system. During April 2018, the following information is available for the Work in Process Inventory account: Beginning balance P40,000 Direct material used 140,000 Direct labor incurred 120,000 Actual overhead 90,000 Applied overhead 96,000 Cost of goods manufactured 370,000 Century Company applies overhead on the basis of direct labor cost. There was only one job left in Work in Process at the end of April which contained P11,200 of overhead. What amount of direct material was included in this job? Question 48 2 pts At the end of 2018, Furry Balls Co. had the following account balances after factory overhead had been closed to manufacturing overhead control: Manufacturing overhead control, P20,000 dr. Cost of goods sold, P384,000 dr. Finished goods, P96,000 dr. Work in process, P160,000 dr. Raw materials, P160,000 dr. Case 1: any under- or over-applied overhead is considered material. What is the adjusted balance of work in process inventory after disposing the under-or over- applied overhead? Question 49 2 pts At the end of 2018, Furry Balls Co. Had the following account balances after factory overhead had been closed to manufacturing overhead control: Manufacturing overhead control, P20,000 cr. Cost of goods sold, P384.000 dr. Finished goods, P96,000 dr. Work in process, P160,000 dr. Raw materials, P160,000 dr. Case 1: Any under-or over-applied overhead is considered immaterial. What is the adjusted balance of cost of goods sold after disposing the under-or over-applied overhead? Question 50 2 pts For the year ended December 31, 2017, Waltz Company incurred the following costs on job number 007 for manufacturing 500 units: Original cost accumulation: Direct materials P800,000 Direct labor 500,000 Manufacturing 125,000 Direct costs of reworking 200 units Direct materials P320,000 Direct labor 200,000 What is the cost per unit of Job number 007 if the rework costs were attributable to the exacting specifications
