Final answers only. Remove peso sign, commas, decimal, space in between figures and descriptions. Avoid the...

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Final answers only. Remove "peso sign", "commas", "decimal", "space in between figures" and "descriptions". Avoid the use of parenthesis, except to identify a decrease, withdrawal or to establish net loss. Round-off all your final answers to two decimal places. 1. What is the cost per equivalent unit for conversion cost using FIFO? Lezdodis corporation manufactures a product in three departments. Data related to the second department are: Work in process, beg. (75% 1,400 u conversion cost) Units received from Dep't. 1 4,600 u Units transferred to Dep't 3 5,000 u Work in process, end (60% material, 1,000 u 30% conversion cost) Production costs: Work in process, beg Cost from Dep't 1 Direct Materials Direct labor Factory Overhead P34,842 70,380 20,440 17,526 35,052 2.Compute for the joint cost allocated to Reta. Land Company produces joint products Jana and Reta, together with by-product Bynd. Jana is sold at split-off, but Reta and Bynd undergo additional processing. Production data pertaining to these proacts follow: Joint costs: Jana Reta Bynd Total Variable Fixed P88,000 148,000 Separable costs: Variable P120,000 P3,000 123,000 Fixed 90,000 1,000 92,000 Profit 1,000 Production (lbs.) 50,000 40,000 10,000 100,000 Sales price/lbs. P 4.00 P 7.50 P 1.10 There is no beginning or ending inventories. No materials are spoiled in production. 3. The following data was taken from the records of the Dallylaang Manufacturing Company for the month of June: WIP, beginning - 7,500 units, complete, P10,400; WIP, end - 4,500 units, 2/5 complete; Placed in process - 75,000 units; Transferred out - 74,000 units. During the month, the company has used P198,708.75 worth of materials in production and spent P233,775 for conversion costs. Using the FIFO method, compute for the adjustment for lost units if the normal loss occurred at the end of processing. 4. How much is the over/underapplied FOH? Indicate whether over/underapplied. Ex. 123456 Overapplied or 123456 Underapplied A company manufactures plastic products for the home and restaurant market. The company also does contract work for other customers and utilizes a job order costing system. The flexible budget covering next years' expected range of activity is: Direct Labor Hours Machine Hours Variable OH Costs Fixed OH Costs 80,000 110,000 64,000 88,000 50,000 40,000 P100,000 P160,000 P220,000 150,000 P250,000 150,000 150,000 Total OH Costs P310,000 P370,000 A predetermined overhead rate is based on direct labor hours is used to apply total overhead. Management has estimated that 100,000 direct labor hours will be used next year. At the end of the year, actual direct labor hours for the year were 112,375 hours and the actual manufacturing overhead for the year was P412,525. 5. Nagkamali Inc. adds materials at the start of the process in Department B. Units received from Department A costs P11.10 while in Department B, unit costs for materials and conversion costs were P1 and P1.22 respectively. The company's quantity data showed that WIP beg, which had a cost of P80,000, had 8,000 units and were 3/4 done. During the period, Department A transferred 50,000 units to Department B. At the end of the period, WIP has 10,000 units which are 1/5 done and there were 3,000 normal lost units. Compute for the total cost of units transferred to finished goods using average costing assuming that the lost units were spoiled at the start of processing. Final answers only. Remove "peso sign", "commas", "decimal", "space in between figures" and "descriptions". Avoid the use of parenthesis, except to identify a decrease, withdrawal or to establish net loss. Round-off all your final answers to two decimal places. 1. What is the cost per equivalent unit for conversion cost using FIFO? Lezdodis corporation manufactures a product in three departments. Data related to the second department are: Work in process, beg. (75% 1,400 u conversion cost) Units received from Dep't. 1 4,600 u Units transferred to Dep't 3 5,000 u Work in process, end (60% material, 1,000 u 30% conversion cost) Production costs: Work in process, beg Cost from Dep't 1 Direct Materials Direct labor Factory Overhead P34,842 70,380 20,440 17,526 35,052 2.Compute for the joint cost allocated to Reta. Land Company produces joint products Jana and Reta, together with by-product Bynd. Jana is sold at split-off, but Reta and Bynd undergo additional processing. Production data pertaining to these proacts follow: Joint costs: Jana Reta Bynd Total Variable Fixed P88,000 148,000 Separable costs: Variable P120,000 P3,000 123,000 Fixed 90,000 1,000 92,000 Profit 1,000 Production (lbs.) 50,000 40,000 10,000 100,000 Sales price/lbs. P 4.00 P 7.50 P 1.10 There is no beginning or ending inventories. No materials are spoiled in production. 3. The following data was taken from the records of the Dallylaang Manufacturing Company for the month of June: WIP, beginning - 7,500 units, complete, P10,400; WIP, end - 4,500 units, 2/5 complete; Placed in process - 75,000 units; Transferred out - 74,000 units. During the month, the company has used P198,708.75 worth of materials in production and spent P233,775 for conversion costs. Using the FIFO method, compute for the adjustment for lost units if the normal loss occurred at the end of processing. 4. How much is the over/underapplied FOH? Indicate whether over/underapplied. Ex. 123456 Overapplied or 123456 Underapplied A company manufactures plastic products for the home and restaurant market. The company also does contract work for other customers and utilizes a job order costing system. The flexible budget covering next years' expected range of activity is: Direct Labor Hours Machine Hours Variable OH Costs Fixed OH Costs 80,000 110,000 64,000 88,000 50,000 40,000 P100,000 P160,000 P220,000 150,000 P250,000 150,000 150,000 Total OH Costs P310,000 P370,000 A predetermined overhead rate is based on direct labor hours is used to apply total overhead. Management has estimated that 100,000 direct labor hours will be used next year. At the end of the year, actual direct labor hours for the year were 112,375 hours and the actual manufacturing overhead for the year was P412,525. 5. Nagkamali Inc. adds materials at the start of the process in Department B. Units received from Department A costs P11.10 while in Department B, unit costs for materials and conversion costs were P1 and P1.22 respectively. The company's quantity data showed that WIP beg, which had a cost of P80,000, had 8,000 units and were 3/4 done. During the period, Department A transferred 50,000 units to Department B. At the end of the period, WIP has 10,000 units which are 1/5 done and there were 3,000 normal lost units. Compute for the total cost of units transferred to finished goods using average costing assuming that the lost units were spoiled at the start of processing.