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Use thefoiiowing information for the next ve questions. Bacolod Manufacturing Corp. has the following cost of production data for the year: Workinprocess beginning: Job 03 Job 04 Direct materials 2,400 1,500 Direct labor 3,600 2,880 Applied overhead ? ? Finished goods beginning: Job 01 Job 02 Direct materials 18,000 1,500 Direct labor 24,000 2,880 Applied overhead ? ? Total manufacturing cost added during the yea r: Job 03 Job 04 Job 05 Job 05 Direct materials 10,920 13,200 35,000 4,800 Direct labor 14,400 15,800 42,000 2,200 Applied overhead ? ? ? ? At the end of the year, Job 03, Job 04, Job 05, were completed. The predetermined overhead rate was 6596 of direct labor cost. Actual overhead at the end of the year was P33,000. 19. What is the cost of goods manufactured at the end of the year? a. 180,900 b. 143,200 B. 195,492 d. 180,912 20. What is the cost of goods manufactured for Job 03? a. 105,300 [1. 43,020 E. 42,122 d. 103,300 21. What is the cost of goods manufactured for Job 04? a. 40,920 b. 42,311] E. 43,020 d. 42,122 22. What is the cost of goods manufactured for Job 05? a. 8,340 [1. 52,50.) c. 34,580 d. 105,300 23. Assuming Job 05 was also completed, what is the cost of goods manufactured of Job 05? a. 15,580 b. 5,252 :2. 20,580 d. 40,920 28. The operating results in summarized form for a retail computer store for the vear then ended are Revenues: Hardware sales P4,S[K], Software sales 2,ooo,ooo Maintenance contracts 1 290 BED Costs and expenses: l{lost and hardware sales P3,35{], l{lost of software sales LZDUHUD M arketing expenses r |Customer maintenance costs d Administrative expenses 1 12B Operating income PSJIDUEIJ PE 92f] (III! PLUSELDIII The computer store is in the process of formulating its operating budget for next year and has made the following assumptions: The retail computer store's budgeted total revenue for next vear would be a. P8,E4,m b. P8,Q4,m c. PBAEIHDW d. P8,954,DIII The selling prices of hardware are expected to increase 13% but selling prices will not in crease for software or maintenance contracts. Hardware unit sales are expected to increase 5% with a corresponding 5% growth in the number of maintenance contracts; growth in units software sales is estimated at 8%. The cost of hardware and software is expected to increase 496. Marketing expenses will be increased 5% in the coming year. Three technicians will be added to the customer maintenance operations in the coming vear, increasing the customer maintenance oosts by Plljl. Administrative costs will be held at the same level. Use the foiiowing information for the next two questions: Poppin' Corn Co. has gross prots of FEE] for each box of popcorn it sells. Poppin' {Zorn also has a PM holding fee for each box of popcorn it does not sell, and a P25 loss of good will for every box of popcorn it is unable to provide to its customers. Managers are expecting to produce 1119i] boxes next month. 31. What is Poppin' Corn's expected net prot if demand is predicted to be 95E] boxes? a. P45,D b. P46,250 c. P415130 d. Pd 32. What is Poppin' Corn's expected net profit if demand is predicted to be 1,100 boxes? a. 415$] b. 4mm c. 43pm d. SILDIII 35. Selected information concerning the operations of a company for the year ended December 31 is as follows: Units produced 20,000 Units sold 18,000 Direct materials used P80,000 Direct labor incurred P40,000 Fixed factory overhead P50,000 Variable factory overhead P24,000 Fixed selling and administrative expenses P60,000 Variable selling and administrative expenses P9,000 Work-in-process inventories at the beginning and end of the year were zero. What was the company's finished goods inventory cost at December 31 under the variable (direct) costing method? a. P23,900 b. P14,400 C. P17,000 d. P19,400Use the following information for the next three questions: St. John Hospital contains 450 beds. The average occupancy rate is St] percent per month. In other words, on average, 80 percent of the hospital's beds are occupied by patients. At this level of occupancv, the hospital's operating costs are P32 per occupied bed per dav, assuming a 3dav month. This P32 figure contains both variable and xed cost components. During the month of June, the hospital's ocvzzupanlzrilr rate was only ED percent. A total of P326303 in operating cost was incurred during that month. 39. Using the highlow method, the amount of variable cost per occupied bed per dayr is a. P9110 b. P 12.00 c. Pl d. P 15.03 40. Using the variable cost as determined in the preceding number, the fixed operating costs per month are: a. P2?,0{] b. P2495103 c. PEQDE d. P3, 41. Assuming an occupancyr rate of 25 percent in a particular month, what amount of total operating costs would vou expect the hospital to incur? 3. P3105131] b. P313503 {2. P3?5,ED{] d. P34D,E?5 40. The sales mix for the Dial Enterprise is as follows: Product A: 12 units [iii P525 sales price; P4115 variable cost per unit. Product 0: 10 units @ P150 sales price; P095 variable cost per unit. Product C: 5 units @ P1125 sales price; P1035 variable cost per unit. Dial Enterprise'sfixed costs are P?5,950. What is the amount of composite breakeven point? a. 93,03.) b. 2,000 c. 3,500 d. 4,000 4?. The unique feature of an ABC system is the emphasis on: a. lDusting individual jobs b. Department indirectcost rates c. Multiplecost pools d. Individual activities 48. Mauresmo l[Ivompanv developed the following information for the vear ended December 31, 2011; Product A Product B Total Units sold 4,[I}0 6,000 10,000 Sales P12,000 P232000 P39,000 1Lian'able costs 0 000 15,000! [21,0001 Contribution margin 6,000 12,000 18,000 Fixed costs [12,6001 Net income P5,400 If the sales mix changes to 5,000 units of Product A and 5,000 units of Product 0, the effect on the oompanv' s breakeven point would be a. To increase it bv 200 units b. To decrease it bv 200 units c. To increase it by 1,200 units d. No change
