CHAPTER 3 COSTS CONCEPTS and CLASSIFICATION [Problem 1] 1. Direct labor P10 Variable factory overhead 15 Fixed factory overhead 6 Unit conversion cost P31 2. Direct materials P32 Direct labor 10 Unit prime cost P42 3. Unit prime cost P42 Variable factory overhead 15 Unit variable cost P57 4. Total production cost (12‚000 units x P63) P756‚000 [Problem 2] 1. Indirect materials and factory supplies P 68‚000 Supervising salaries
Premium Variable cost Costs Cost
Total marks on the exam are 100 allocated as follows: Section I Marks Achieved 9 Multiple Choice Questions 3 marks each for a total of 27 marks II Short Answer Questions 18 marks III Problem 1: Job Costing 13 Marks Problem 2: Process Costing 12 marks Problem 3: CVP Problem 15 marks Problem 4: ABC Problem 15 marks Totals 100 marks possible Your Signature First Name Last Name (Printed) Your Student Number (Printed) Section I: 9 Multiple Choice Questions (3 marks each‚ 27 marks in total)
Premium Variable cost Costs Management accounting
CRUDE OIL REFINING OR PETROLEUM PRODUCTS IMPORTATION: WHICH IS ECONOMICAL FOR NIGERIA? ABSTRACT: One of the most crucial challenges facing Nigeria is being able to meet the energy need of the energy hungry populace; the exponential population growth makes it even more challenging. The approach adopted to meeting this need has impacted severely on the economy of the nation as reflected in the year-on-year economic figures. This can be attributed to her choice of net importer
Premium Petroleum
HSM/220 Human Services Administration: So You Want To Help People 08/18/2013 Scenario Solution As more and more students drop out of schools is important to put money together in order to open up more programs that will help them gain the educational skills that will ensure that students learn the skills they need to obtain a job and be able to accomplish their tasks successfully. Making this happen will take close attention and a lot of work‚ understanding‚ and conversation. To define
Premium Reward system High school Education
AIM: I am carrying out an investigation to see which alcohol is the best fuel. I will do this by experimenting with different alcohols and setting them alight and measuring different factors. I will analyse all my results and try to discover patterns‚ which should help me to conclude which alcohol is the best fuel. PLAN ==== This is how my experiment will be set out: ========================================== Keeping this experiment a fair test ===================================
Premium Oxygen Energy Carbon dioxide
Answer Questions: 1. Was the suspension fair? The suspension was fair. -joan has acted improperly many a time. -joan has not arranged alternatives for repeated personal problems. ----------------------------------- 2. Did Joan act responsibly? -joan has not acted responsibily many a time. ------------------------------------- 3. Should she be fired? -this is a commercial business house ‚ who have a responsibility to the customers and stakeholders. Hence joan
Premium
Divorce is also the main cause of the degradation of the modern American family. Divorce can have lasting effects on all parties involved. It is a lasting and trying situation that effects children and causes a detrimental and dramatic financial problem for the husband and wife. As a result‚ I am proposing that you take action and mandate a few changes to the legal process of marriage and divorce. My proposal‚ would be to establish premarital counseling‚ pre-divorce filing and education‚ installing
Premium Marriage Divorce Alimony
EXERCISE 4–8 Process Costing Journal Entries [LO1] Schneider Brot is a bread-baking company located in Aachen‚ Germany‚ near the Dutch border. The company uses a process costing system for its single product—a popular pumpernickel bread. Schneider Brot has two processing departments—Mixing and Baking. The T-accounts below show the flow of costs through the two departments in April (all amounts are in the currency euros): Required: Prepare journal entries showing the flow of costs through the
Premium Inventory Costs Cost
6.5 Step 1: Pick a friend or family member to be the character of your word problem. This friend or family member may do one of the following: * Drive a boat * Drive a jet ski Step 2: Select a current speed of the water in mph. Step 3: Select the number of hours (be reasonable please) that your friend or family member drove the boat or jets ski against the current speed you chose in step 2. Step 4: Select the number of hours that your friend or family member made the same trip
Premium Risk Human penis size Aircraft
are centered through models and functions. The procedures use the data items that are not part of the procedure‚ however; in a procedural program the data items are transmitted to each procedure. As the program becomes larger and more complicated problems
Premium Programming language Object-oriented programming Computer program