Problem 4 Cost Accounting204Problem 4An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are: X-P 125,000; Y - P 75,000; Z - P100,000. The freight charges on this shipment of18,000 pounds total P7,500. Weights for the respective materials are 10,000, 6,000,and 7,500 pounds.Required:1. Cost per pound to be entered on the stock cards for each materials, based oncost.2. Cost per pound to be entered on the stock cards for each material, based onshipping weight.Problem 5

Req-1 Product Invoice Amount Fraction Total Freight Share of Freight Total Cost…

Answered: An invoice for X, Y, and Z is received…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Company B furnished you with the following information with respect to material OXO: Annual requirement 3.920 lbs. Cost of ordering P 5 per order Cost of storage 25% of the cost of material EOQ 140 lbs. What is the cost per pound of material XOX? P 8 P 5 P 4 P 2
202112.02 03:04 Underslallu T-ALand understand the fIve lu P 32,200 33,050 200 04 Cost Accounting Chapter 7 Accounting for Materials 20 Problem 4 An invoice for X, Y, and Z is received from Heavyweight Co. Invoice totals are: X- P 125,000; Y -P 75,000%; Z - P100,000, The freight charges on this shipment of 18,000 pounds total P7,500. Weights for the respective materials are 10,000, 6,000, and 7,500 pounds. Required: 1. Cost per pound to be entered on the stock cards for each materials, based on Problem 7 The Bedrock Company is a manufacturer of golf clothing. During the monthNhe company cut and assembled 10,000 golf jackets. One hundred of the jackets dic not meet specifications and were considered "seconds." Seconds are sold for P1,00T00 per jacket, whereas first quality jackets sell for P2,500.00. During the month, Wo in Process was charged for P3,600,000 of materials, P4,000,000 of labor, and fary overhead is applied at 120% of direct labor (including allowance of 20% of dilect.…
Given that the cost of goods completed was $57 000, sales $80 000, finished goods at start $3 200 and finished goods at the end of the period $1 595, what will be the gross profit? A. $19 800B. $21 395C. $23 000 D. $24 595
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The following data relates to component L512: Ordering costs $100 per order Inventory holding costs $8 per unit per annum Annual demand 1,225 units What is the economic order quantity (to the nearest whole unit)? A 175 units B 62 units C 44 units D 124 units

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