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2 pts Question 40 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 finished goods inventory after disposing the under-or over-applied overhead? Question 41 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 P800,000 500,000 Direct labor 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 internal failure? Question 42 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 cost of goods sold after disposing the under-or over-applied overhead? Question 43 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 work in process inventory after disposing the under-or over- applied overhead? Question 44 2 pts The Kamandag Corporation, began operations on October 1. It employs a job order costing system. Overhead is charged at a normal rate of P2.50 per direct labor hour. The actual operations for the month of October are summarized as follows: 1. Purchase of raw material, 25,000 pieces @ P1.20/piece 2. Material and labor costs charged to production: Job No. Units Material Direct labor cost Direct labor hours 001 10,000 P4,000 P6,000 3,000 002 8,800 3,600 5,400 2,700 003 16,000 7,000 9,000 4,500 004 8,000 3,200 4,800 2,400 005 20,000 8,000 3,600 1,800 1. Actual overhead costs inccured during October amounted to P33,500 2. Completed jobs: 001, 002, 003, and 004 3. Sales for a month of October amounted to P105,000. All units produced on Jobs 101, 102, and 103 were sold. How much is the over-applied overhead for October