User Account

All Pages

How much is the total prime cost

Assignment Help Cost Accounting
Reference no: EM132746804

The Ram Manufacturing Company produced P100, 000 units during the year ended December 31, 2009. It incurred the following costs for the year

Materials P75, 000 (10% is indirect materials)
Labor P97, 000 (7% is indirect labor)
Factory Overhead 125% of direct labor cost
WIP - January 1 P25, 500
WIP - December 31 P27, 000

Problem 1: How much is the Total manufacturing cost?

Problem 2: How much is the total prime cost?

Reference no: EM132746804

Questions Cloud

Find what the beginning inventory must have been : Php17 under variable costing and Php22 under absorption costing. If the ending inventory consisted of 1,480 units, the beginning inventory must have been
What the budgeted maintenance cost per machine-hour was : At Cady Company, maintenance is a variable cost, If 8,000 machine-hours were actually worked during June, the budgeted maintenance cost per machine-hour was
What should be the price per kit : Assuming the volume and other costs are unchanged, what should be the price per kit in 2020 if MISTY is to make the same P200,000 income before income taxes?
Network devices and end nodes in network : What type of naming structure would you give to servers, network devices and end nodes in this network? Provide a few examples.
How much is the total prime cost : How much is the Total manufacturing cost? How much is the total prime cost?
Design of network for large organization : Think about and describe a scenario whereby you are the individual responsible for the design of a network for a large organization.
Find how much is the company cost of goods sold adjusted : How much is the Company's Cost of goods sold adjusted assuming over or under applied is closed to COGS? Factory overhead Applied at 150% of direct labor cost
Principal information system : You work on the IT team at a local college. You are currently on an Information Systems (IS) project that is enhancing the registration system.
About engaging stakeholders during the life cycle of project : Stakeholder management is more about engaging stakeholders during the life cycle of a project.

Reviews

Write a Review

Cost Accounting Questions & Answers

  The physical units method of allocation

Refer to the facts in Exercise 11-42. After the publication of recent scientific test results, the government has banned the sale of product KC. IF KC is produced, it must be disposed of in an approved way that costs $114,000 for every 16,000 units p..

  Product costing systems

Which costs should be included in product cost and at what level of detail should we track direct product costs

  Make the cost of production report of department for april

Make The cost of production report of Department 2 for April. Umbrella, Inc. uses a process cost system. The department's spoilage was normal

  Entry is required for a particular transaction

Prepare the journal entries that Branch-Rickie recorded during the three-year period for these transactions. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Enter your answers in w..

  How much is amount to be included in common properties

How much is the amount to be included in the common properties of the spouses assuming that Mr Mayaman got married on Sept 30, 1984?

  How many direct labor hours did tyler company incur

Underapplied overhead analysis Tyler Company applies manufacturing overhead. How many direct labor hours did Tyler Company incur during August?

  Should stunnaz outsource its press cuttings work

Stunnaz is considering a proposal to use the services of a press cuttings agency. Should Stunnaz outsource its press cuttings work?

  What will bid be for job k if the sequential method is used

Allocate the service costs to the producing departments by using the sequential method. What will the bid be for Job K if the sequential method is used?

  How to allocate the costs of the services

How to allocate the costs of the following services, which are used by students in both programs: cafeteria, library, and career placement.

  Variable overhead consists primarily of machine maintenance

Variable overhead consists primarily of machine maintenance and the costs incurred to run the machines.

  Calculate the per unit product cost of one computer

Calculate the per unit product cost of one computer under the absorption costing system. Fixed manufacturing overhead expenses: $1,200,000

  Revalue have on the firms financial statements

What might have motivated the directors not to revalue the plant and equipment and what effects will the decision not to revalue have on the firm's financial statements?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd