Cost Accounting and Control System
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What amount of overhead is applied to Job #200?
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To be able to answer the following questions, kindly refer to the problem below:
ABC Co. provided the following information related to the production of a single product
Selling price per unit P 250
Total fixed cost P150,000
Contribution margin percentage 40%
Desired profit after tax P250,000
Income tax rate 20%
Q: What should be the unit sales to break-even?
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To be able to answer the following questions, kindly refer to the problem below:
ABC Co. provided the following information related to the production of a single product
Selling price per unit P 250
Total fixed cost P150,000
Contribution margin percentage 40%
Desired profit after tax P250,000
Income tax rate 20%
Q: How much should be the actual peso sales to realize the desired profit?
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To be able to answer the following questions, kindly refer to the problem below:
ABC Co. provided the following information related to the production of a single product
Selling price per unit P 250
Total fixed cost P150,000
Contribution margin percentage 40%
Desired profit after tax P250,000
Income tax rate 20%
Q: What is the contribution margin per unit?
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Which of the following defines variable cost behavior?
Total cost reaction Cost per unit reaction
to increase in activity to increase in activity
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To be able to answer the following questions, kindly refer to the problem below:
ABC Co. provided the following information related to the production of a single product
Selling price per unit P 250
Total fixed cost P150,000
Contribution margin percentage 40%
Desired profit after tax P250,000
Income tax rate 20%
Q: What is the amount of total variable cost at break-even point calculation?
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How much is the factory overhead cost per unit for TV under activity-based costing?
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What amount of these costs would be considered as product costs?
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Fletcher, Inc. disposes of under- or overapplied overhead at year-end as an adjustment to cost of goods sold. Prior to disposal, the firm reported cost of goods sold of $590,000 in a year when manufacturing overhead was underapplied by $15,000. If sales revenue totaled $1,400,000, determine (1) Fletcher's adjusted cost of goods sold and (2) gross margin:
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P0.83 per factory overhead
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A tailoring company has gathered information on utility costs for the past year. The accountant has decided that utilities are a function of the hours worked during the month. The following information is available and representative of the company’s utility costs:
Hours worked Utility cost incurred
Low point 1,300 P 903
High point 1,680 1,074
If 1,425 hours are worked in a month, total utility cost (rounded to the nearest peso) using the high-low method should be
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A tailoring company has gathered information on utility costs for the past year. The accountant has decided that utilities are a function of the hours worked during the month. The following information is available and representative of the company’s utility costs:
Hours worked Utility cost incurred
Low point 1,300 P 903
High point 1,680 1,074
If 1,425 hours are worked in a month, total utility cost (rounded to the nearest peso) using the high-low method should be
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To be able to answer the following questions, kindly refer to the problem below:
ABC Co. provided the following information related to the production of a single product
Selling price per unit P 250
Total fixed cost P150,000
Contribution margin percentage 40%
Desired profit after tax P250,000
Income tax rate 20%
Q: What is the amount of total variable cost at break-even point calculation?
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To be able to answer the following questions, kindly refer to the problem below:
ABC Co. provided the following information related to the production of a single product
Selling price per unit P 250
Total fixed cost P150,000
Contribution margin percentage 40%
Desired profit after tax P250,000
Income tax rate 20%
Q: What is the amount of income tax?