Question: Production: Costs: Manufacturing: Variable Fixed Non-manufacturing: Variable Fixed Per unit Planned 10,000 units P48 32 40 24 Total Actual 11,000 units P480,000 P530,000 320,000

Production: Costs: Manufacturing: Variable Fixed Non-manufacturing: Variable Fixed Per unit Planned 10,000 units P48 32 40 24 Total Actual 11,000 units P480,000 P530,000 320,000 360,000 400,000 420,000 240,000 240,000 During the year, the company sold 10,500 units for P150 per unit. All variances from standard manufacturing costs are closed to cost of goods at the end of the year.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Discuss and explain the difference between profit/loss and cash flow. How could a company have positive cash flow, but show a net loss at year end? What are some examples of industries and/or...

1.Peter and Senen Co. sell the same product in a competitive industry. Thus, the selling price of the product for each company is the same. Other data about the two companies are as follows: Peter...

As a member of the student council at your university, you have been assigned the task of conducting a phone survey of graduate students to determine satisfaction with the campus food service....

What are the "two main lines" of distortion of the view of Marx and what does Lenin think the proper view?

Let X denotes the response of a randomly selected person to the question, What is the ideal number of children for a family to have? The probability distribution of X in the United States The...

Michael Paolella was employed as sales manager for Browning-Ferris (BFI) with responsibility for a district in Delaware. When the state's Solid Waste Authority announced plans to raise disposal rates...

Address of the organization Sometimes you may apply at more than one branch or location

A design engineer at Sperling Manufacturing, a supplier of high-quality ball bearings, claims a new machining process can result in a higher daily output rate. Accordingly, the production group is...

value 0.00 polints You are considering investing in Annie's Eatery. You have been able to locate the following information on the firm: Total assets are $35.3 million, accounts receivable are 58.05...

managerial accounting i added more information by taking a clear picture in the next question .I am still waiting for the answer thanks e me following information to answer questions 4 and 5: Car...

1. (20 points) Consider the dataset given in the table below. The data corre- sponds to US national unemployment rates for males (y;) and females (x). Males Females 2.9 4 7.7 7.4 4.9 5 7.9 7.2 9.8...

BiggerBetter Widgets Co. makes World-Class Widgets using a relatively simple process (see flow chart below) with the following parameters. Their factory works from 9 AM to 5 PM; all operations shut...

You invest $138 today. After 11 years will you have $229. What simple interest rate did you earn on your investment? Answer as a decimal. Round to the nearest ten thousandth.

2. (10 points) The curve is the intersection of the plane x = -1 and the cone z = x + y. Find the curvature of y at the point (-1,2,5). 22

[6] Question 4: [20 Marks] The signal x(t) has the Laplace transform X(s) = 14 s(s+4) 2 [6] (a) Find the LT of y(t) = x(21-3) [8] (b) Find the LT of y(1) = tex(1) (c) Find the LT of y(t) = 1...

Cardio Care Inc. manufactures stationary bicycles and treadmills. The products are produced in the Fabrication and Assembly production departments. In addition to production activities, several other...

Research corporate acquisitions using Web resources and then answer the following questions: Why do firms purchase other corporations? Do firms pay too much for the acquired corporation? Why do so...

c. What is a perfect hedge? Are any real-world hedges perfect? Explain.

There are many ways to describe feeling sad and depressed. In your culture, what are different idioms for expressing feelings of sadness and depression (such as feeling blue or down in the dumps)?...

b. Assume that interest rates in general increase by 200 basis points. How well did your hedge perform?