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

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

Question 35

1.2pts

A firm produced two joint products, X and Y, from one unit of

raw material costing Php1,000. Product X can be sold for Php700 and product Y

can be sold for Php500 at the split-off point. Alternatively, both X and Y can

be processed further and sold for Php900 and Php1,200, respectively. The

additional processing costs are Php100 for X and Php750 for Y. Should the firm

process products X and Y beyond the split-off point?

Group of answer choices

Only X should be processed further

Both X and Y should be processed further

Only Y should be processed further

Neither product should be processed further