e following data are used for questions 3 to 12 me Big Book Company builds wooden bookshelf wall units. The co andard costs are: Wood Trim Direct labor Variable overhead Fixed overhead 25 pounds at P6.40 per pound 8 pounds at P10.00 per pound 5 hours at P12.00 per hour P 30.00 per unit P.130,000 per period, applied at the rate P20.00 per unit A rocent month's transactions were: 160,000 pounds of wood were purcha 6.50 per pound; 50,000 pounds of trim were purchased at P9.60 per pound. 15

Two companies are expected to have annual sales of 1,000,000 decks of playing cards next year. Estimates for next year are presented below: Company 1 Company 2 Selling price per deck Cost of paper deck Printing ink per deck $ 3.00 0.62 0.13 $3.00 0.65 Labor per deck 0.75 0.15 1.25 Variable overhead per deck 0.30 0.35 Fixed costs $960.000 $252,000 Given these data, which of the following responses is correct? (In units) A B C. D. Breakeven point for Co. 1 533,334 533,334 800,000 800,000 Breakeven point for Co. 2 105,000 105.000 420.000 420,000 Volume at which profits of Co. 1 and Co. 2 are equal 1,000.000 1.180.000 1,000,000 1,180.000 None B A D C Data concerning NikNik Corporation's activity for the 6 months appear below: Machine Electrical Cost Hours January P3,120 February 4,460 March 3.500 April 5,040 May 2,900 June 3,200 4.000 6.000 4,800 5,800 3.600 4,200 Using the high-low method of analysis, estimate the variable electrical cost per machine hour (nearest centavo).

Weng CPAs charges for their services based on the following: Labor rate $ 160 per hourMaterials markup 40 %Using time and materials pricing, what is the total price for services requiring 8 labor hours and $50 of materials?

Fem, chemical uses, a standord cost Systcm to account for the costs of i ts Phodu ction of chemical X. Standards gallon ayd 10 hours of labor at a stondord Wage rate of $12. During September, Ferry Chemical produced 2L000gallons Chemica!'x. Fery chemical purchosed ond used totaled 3,5e0.galldos ata total cost of$381, 180. Payrol totaled $302,730 for 25,430 harsworked Calculate direct materials price variance direct materiais' quantityvariance direct mater ials total (sperdinuariance girect labor rate variance direct labor efticiency variance direct labor total (spendingtvariance The walnut Division of Bennton corp

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EXERCISE Gabriel Auto produces and sells an auto part for P30.00 per unit. In 2021, 100,000 parts were produced and 75,000 units were sold. Other information for the year are as follows: BUSINESS AD 5 1986 ATION Direct Materials cost/unit Direct Manufacturing Labor cost/unit Variable Manufacturing Costs/unit Sales Commissions/unit Fixed Manufacturing Costs (per year) Fixed Administrative Expenses (per year) Php 12.00 2.25 0.75 3.00 375,000.00 135,000.00 What is the Inventoriable cost/unit using Absorption Costing What is the Inventoriable cost/unit using Variable Costing THE PREMIER BUSINESS SCHOOL OF THE SOUTH

Subject - Acounting

Prime Cost and Conversion Cost Grin Company manufactures digital cameras. In January, Grin produced 3,750 cameras with the following costs: Direct materials $1,000,000 Direct labor 104,000 Manufacturing overhead 768,000 There were no beginning or ending inventories of WIP. Required: If required, round your answers to the nearest cent. 1.  What was the total prime cost in January?$fill in the blank 1 2.  What was the prime cost per unit in January?$fill in the blank 2per unit 3.  What was the total conversion cost in January?$fill in the blank 3 4.  What was the conversion cost per unit in January? $fill in the blank 4per unit