A Company manufactures two products: Shalom and Peace. During the year, it produced 80Shalom and 60 Peace products and incurred estimated overhead costs of P350,000. An analysisof estimated overhead costs reveals the following activities:Activities1 Machining2 Inspection3 PackingCost of direct materialsCost of direct laborCost DriversMachine hours (MH)Number of inspectionsOrdersTotal CostP120,00080,000150,000Format of percentages: 88%Words must be in capital letters.What is the total gross margin of the company?ShalomAmounts must be in whole numbers. Example: 88,000 or (88,000)Unit costs be in whole numbers. Example: 88Peace1,200 MH800 MH100 inspections 500 inspections800 ordersP188,000110,000The company sold 40 units of Shalom at P8,000 per unit. While for Peace, 20 units were sold atP7,500.700 ordersP143,00080,000

Name: A Company manufactures two products: Shalom and Peace. During the yea
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Description: A Company manufactures two products: Shalom and Peace. During the year, it produced 80Shalom and 60 Peace products and incurred estimated overhead costs of P350,000. An analysisof estimated overhead costs reveals the following activities:Activities1

Cost accounting is defined as the branch of accounting used by manufacturing entities in order to…

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A Company manufactures two products: Shalom and Peace. During the year, it produced 80 Shalom and 60 Peace products and incurred estimated overhead costs of P350,000. An analysis of estimated overhead costs reveals the following activities: Cost Drivers Machine hours (MH) Number of inspections Orders Activities 1 Machining 2 Inspection 3 Packing Cost of direct materials Cost of direct labor Total Cost Shalom Format of percentages: 88% Words must be in capital letters. What is the total gross margin of the company? P120,000 1,200 MH 800 MH 80,000 100 inspections 500 inspections 150,000 700 orders P143,000 80,000 Amounts must be in whole numbers. Example: 88,000 or (88,000) Unit costs be in whole numbers. Example: 88 Peace 800 orders P188,000 110,000 The company sold 40 units of Shalom at P8,000 per unit. While for Peace, 20 units were sold at P7,500.

A Company manufactures two products: Shalom and Peace. During the year, it produced 80 Shalom and 60 Peace products and incurred estimated overhead costs of P350,000. An analysis of estimated overhead costs reveals the following activities: Cost Drivers Machine hours (MH) Number of inspections Orders Activities 1 Machining 2 Inspection 3 Packing Cost of direct materials Cost of direct labor Total Cost Shalom Format of percentages: 88% Words must be in capital letters. What is the total gross margin of the company? P120,000 1,200 MH 800 MH 80,000 100 inspections 500 inspections 150,000 700 orders P143,000 80,000 Amounts must be in whole numbers. Example: 88,000 or (88,000) Unit costs be in whole numbers. Example: 88 Peace 800 orders P188,000 110,000 The company sold 40 units of Shalom at P8,000 per unit. While for Peace, 20 units were sold at P7,500.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter3: Cost Behavior

Section: Chapter Questions

Problem 30E: Natur-Gro, Inc., manufactures composters. Based on past experience, Natur-Gro has found that its...

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