Below are the details on how the PINE Furniture Shop is making their best-seller sofa. A....
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Below are the details on how the PINE Furniture Shop is making their best-seller sofa. A. Materials that can make one unit of sofa a. Plywood b. Narra lumber c. Nails d. Varnish e. Foam f. Leather g. Wood glue P217.50 P407.50 P11.50 b. Cleaning cloth c. Cleaning materials P230.00 P350.00 P150.00 P70.00 B. Materials that are not part of the sofa but are needed to finish the job a. Sand paper P19.50 P2.50 P12.00 C. Tools needed to make the sofa (good for one year use) a. Wood hand saw P250.00 (ave for all sizes) P250.00 Flyman USA P464.50 Surveyors tape b. Hammer c. Measuring tape (meter) measure D. Two laborers who are working and making the sofa. (this two can complete one sofa in one day). P500.00 per day E. One supervisor in the factory (not making the sofa but making sure that the sofa is of high quality and all are working based on the given time) - P15,000 for one month F. One janitor in the factory (tasked to clean the whole factory) - P9,000 for one month G. Rental of P2,500 per month and utilities of 2,500 per month H. Bahay Kubo Furniture Shop operates 30 days month and 360 days per year Required: 1. How much is the cost of direct materials? 2. How much is the cost of direct labor? 3. How much is the cost of overhead? 4. Which of the following is considered as fixed cost 5. Which of the following is considered as variable cost 6. Compute the per day cost of Sofa 7. Compute the per unit cost of Sofa 8. If the sofa will be sold at P5,000 price; will the entity profit from it or will incur loss? Below are the details on how the PINE Furniture Shop is making their best-seller sofa. A. Materials that can make one unit of sofa a. Plywood b. Narra lumber c. Nails d. Varnish e. Foam f. Leather g. Wood glue P217.50 P407.50 P11.50 b. Cleaning cloth c. Cleaning materials P230.00 P350.00 P150.00 P70.00 B. Materials that are not part of the sofa but are needed to finish the job a. Sand paper P19.50 P2.50 P12.00 C. Tools needed to make the sofa (good for one year use) a. Wood hand saw P250.00 (ave for all sizes) P250.00 Flyman USA P464.50 Surveyors tape b. Hammer c. Measuring tape (meter) measure D. Two laborers who are working and making the sofa. (this two can complete one sofa in one day). P500.00 per day E. One supervisor in the factory (not making the sofa but making sure that the sofa is of high quality and all are working based on the given time) - P15,000 for one month F. One janitor in the factory (tasked to clean the whole factory) - P9,000 for one month G. Rental of P2,500 per month and utilities of 2,500 per month H. Bahay Kubo Furniture Shop operates 30 days month and 360 days per year Required: 1. How much is the cost of direct materials? 2. How much is the cost of direct labor? 3. How much is the cost of overhead? 4. Which of the following is considered as fixed cost 5. Which of the following is considered as variable cost 6. Compute the per day cost of Sofa 7. Compute the per unit cost of Sofa 8. If the sofa will be sold at P5,000 price; will the entity profit from it or will incur loss?
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Given the following information A Materials for one sofa a Plywood P21750 b Narra lumber P40750 c Nails P1150 d Varnish P23000 e Foam P35000 f Leather ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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