Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 25 1.2pts Bert Company has a sales budget for next month of Php150,000. Cost of goods sold is expected to be 40 percent of

Question 25

1.2pts

Bert Company has a sales budget for next month of Php150,000. Cost of goods sold is expected to be 40 percent of sales. All goods are purchased in the month used and paid for in the month following purchase. The beginning inventory of merchandise is Php5,000, and an ending inventory of Php6,000 is desired. Beginning accounts payable is Php38,000.

The cost of goods sold for next month is expected to be

Group of answer choices

Php 90,000

Php 60,000

Php 89,000

Php 40,000

Flag this Question

Question 26

1.2pts

Hualien Company manufactures plugs used in its manufacturing cycle at a cost of Php45 per unit that includes Php10 of fixed overhead. Hualien needs 37,500 of these plugs annually, and Ochado Company has offered to sell these units to Hualien at Php42 per unit. If Hualien decided to purchase the plugs, Php75,000 of the annual fixed overhead applied will be eliminated, and the company may be able to rent the facility previously used for manufacturing the plugs.

If Hualien Company purchases the plugs but does not rent the unused facility, the company would

Group of answer choices

Lose Php 5.00 per unit

Save Php 3.00 per unit

Save Php 5.00 per unit

Lose Php 3.00 per unit

Flag this Question

Question 27

1.2pts

Compasibo Company's product has a labor standard of 2 hours per unit. For 2020, it estimates its production will be 200,000 units. It budgets total overhead at Php900,000, which results in a fixed overhead rate of Php1.50 per hour. Actual data for the year includes: Actual production, 198,000 units (440,000 direct labor hours), Actual variable overhead, Php352,000, Actual fixed overhead. Php575,000.

The variable overhead efficiency variance for 2020 is

Group of answer choices

Php 35,520 F

Php 33,000 F

Php 33,000 UF

Php 66,000 UF

Flag this Question

Question 28

1.2pts

Chatime produces sugar cane in batches. The Company purchases a batch of sugar cane for Php80 from farmers and then crushes the cane in the company's plant at the cost of Php15. Two intermediate products, cane fiber, and cane juice emerge from the crushing process. The cane fiber can be sold for Php45 or processed further for Php25 to make the end product industrial fiber that is sold for Php90. The cane juice can be sold as is for Pho60 or processed further for Php35 to make the end product molasses that is sold for Php80.

What would you recommend?

Group of answer choices

Cane fiber should be processed further into industrial fiber; cane juice should not be processed further into molasses

Cane fiber should not be processed further into industrial fiber; cane juice should not be processed further into molasses

Cane fiber should not be processed further into industrial fiber; cane juice should be processed further into molasses

Cane fiber should be processed further into industrial fiber; cane juice should be processed further into molasses

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Asymmetric Cost Behavior Implications For The Credit And Financial Risk Of A Firm

Authors: Kristina Reimer

1st Edition

3658228210, 9783658228217

More Books

Students also viewed these Accounting questions

Question

What is job rotation ?

Answered: 1 week ago

Question

What are the pros and cons regarding Angelica joining the union?

Answered: 1 week ago