What is the Gross profit at actual? The following data are available for SAN JOSE CORP:...

 

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What is the Gross profit at actual? The following data are available for SAN JOSE CORP: Standard cost per unit: • Materials, 4 pcs at 5 per pc Direct Labor; 1/2 hr at 60 per hr FOH; Budgeted Fixed Overhead is 200,000; VOH rate; P 30 per DLH Budgeted Activity (at normal capacity) of 5,000 DLhrs ACTUAL DATA: • Sales is 10,200 units at 120 per unit. Produced 10,000 units and beg FG is 1,500 units. • Material purchases; 218,400 pesos at 5.2 per pc. • Materials issued to production is 41,000 pcs • DL hrs is 4,800 hrs at 58 per hr • VOH FOH . 145,000.00 180,000.00 ABC Corp uses process costing with average costing to account for production of its only product. Units are inspected at end of the production process (40% of Spoilage are considered as abnormal loss). Data are as follows: Qty, in units at the beginning (completion: 60% materials, 35% labor and 25% OH) 1,000 units • Started in units is 9,000 • Units Transferred out to FG inventory is 8,000 units Units in ending Inventory (100% materials, 75% labor and 50% OH) 1,500 units Cost charged to Dept: Materials DL OH Beginning inventory 1,260 770 1,400 What is the total cost transferred out to FG? Added cost 36,240 10,780 21,725 What is the Gross profit at actual? The following data are available for SAN JOSE CORP: Standard cost per unit: • Materials, 4 pcs at 5 per pc Direct Labor; 1/2 hr at 60 per hr FOH; Budgeted Fixed Overhead is 200,000; VOH rate; P 30 per DLH Budgeted Activity (at normal capacity) of 5,000 DLhrs ACTUAL DATA: • Sales is 10,200 units at 120 per unit. Produced 10,000 units and beg FG is 1,500 units. • Material purchases; 218,400 pesos at 5.2 per pc. • Materials issued to production is 41,000 pcs • DL hrs is 4,800 hrs at 58 per hr • VOH FOH . 145,000.00 180,000.00 ABC Corp uses process costing with average costing to account for production of its only product. Units are inspected at end of the production process (40% of Spoilage are considered as abnormal loss). Data are as follows: Qty, in units at the beginning (completion: 60% materials, 35% labor and 25% OH) 1,000 units • Started in units is 9,000 • Units Transferred out to FG inventory is 8,000 units Units in ending Inventory (100% materials, 75% labor and 50% OH) 1,500 units Cost charged to Dept: Materials DL OH Beginning inventory 1,260 770 1,400 What is the total cost transferred out to FG? Added cost 36,240 10,780 21,725

Answer rating: 100% (QA)

1 Standard Cost Calculation Direct Materials Standard Quantity 4 pcs per unit Standard Price 5 per pc Standard Cost per unit Standard Quantity Standar... View the full answer