. The following cost relate to XYZ Corp for the year: Sales commission expenses P 185,000 Direct materials 215,000 Conversion cost 435,000 Factory overhead 190,000 (40% of which is fixed) What is the TOTAL LABOR COSTS?

Q: For The period just ended, the gross margin of Robin Company was P 3,840,000, the cost of goods…

A: Total manufacturing costs = cost of goods manufactured + work in process inventory increased  =…

Q: Silverado Company incurred the following costs in the production of 10,0UL units of its main product…

A: Contribution margin = Sales - Variable Cost  Varibale cost = 150+120+180+100=550 per unit  Selling…

Q: The following costs relate to Antonio Industries for the last quarter: Conversion cost Direct…

A: Prime cost refers to the sum of direct material and direct labor of the entity.

Q: Given the following costs incurred in a recent period: Direct materials - P33,000 Depreciation on…

A: Product cost refers to the costs incurred that are related to the factory> Expenses incurred in…

Q: Donovan Company incurred the following costs while producing 500 units: direct materials, $10 per…

A: Cost of Goods sold = Direct materials + direct labor + variable manufacturing overhead +  total…

Q: Materials used, P326,000. Total manufacturing costs charged to production during the year (including…

A: Hi student Since there are multiple questions, we will answer only first question. Cost accounting…

Q: During the current period, 14,000 units were produced and 12,000 units were sold. Fixed…

A: Under absorption costing, the fixed costs are also treated only for the goods that are sold during…

Q: Caren corp produces 85,600 units for the year and sold 81,750 units at P22.30 per unit. Its…

A: Cost of goods manufactured for the year: =Direct Materials + Direct Labor +Manufacturing overhead…

Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…

A: Calculation of gross profit are as follows

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A: Total manufacturing costs means cost of raw material, labour and overhead cost that is incurred in…

Q: Selected cost data concerning the past fiscal year’s operation of Malta Manufacturing Co. are…

A: SOLUTION-   FORMULA =  COST OF RAW MATERIAL PURCHASED = MATERIAL CONSUMED - BEGINNING MATERIAL…

Q: The following costs relate to Antonio Industries for the last quarter: P 435,000 215,000 190,000…

A: Prime cost constitutes all Direct materials & Direct labor involved in the manufacturing of the…

Q: The James Company has incurred the following costs of production:   Particulars Amount ($) Direct…

A: Note: There is a spelling mistake in the question. The statement should be - The James Company's…

Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…

A: Product cost are all manufacturing cost. Period cost are all cost which were not included in…

Q: The financial information for Cub Company is shown below:   Prime costs…

A: Direct labor is defined as the production or the services labor that is allocated to the particular…

Q: 1. The following cost data relates to Bruno Company for the year 2008: Estimated manufacturing…

A: Allocation base is Direct labor cost. Predetermined overhead rate is calculated based on the direct…

Q: Calculate the direct expenses from the following information: Direct material RO 60,000, Direct…

A: Formula: Prime cost = Direct material + Direct labor + Direct expenses

Q: Donovan Company incurred the following costs while producing 500 units: direct materials, $10 per…

A: Donovan company Variable Costing Method Particulars Amount in ($) Sales( 500 units *$100)…

Q: Earthy Sdn Bhd manufactures a product, X, which has the following standard costs per unit: Direct…

A: Break even units are level of activity where company have no profit or loss.  Breakeven units =…

Q: Department II of Karen Corporation, a portion of the materials (a by-product) is removed further…

A: cost of by product is:: TTotal selling price of the processed Product-selling cost-profit…

Q: 1. XYZ has the following cost components for 100,000 units of product för the year: Raw Materials P…

A: >Total cost, as asked in the question, will include all the costs, fixed as well as variable.…

Q: 8. If the direct labour cost for company A is £15,000, direct material cost is £26,000, factory rent…

A: Formula: Conversion cost = Direct labor cost + Factory overhead

Q: X Company manufactures a single product. Monthly production costs incurred in the manufacturing…

A: The variable cost includes direct labor costs, direct material costs, factory variable maintenance,…

Q: Sierra Company incurs the following costs to produce and sell its only product.         Variable…

A: Variable costing and Absorption costing are two methods of calculating cost and profits of the…

Q: The following costs relate to Antonio Industries for the last quarter: Conversion cost Direct…

A: Introduction: Prime costs: Sum of both direct materials and direct labor cost derives the prime…

Q: The following information is derived from the cost sheet of Al Hood Manufacturing & Trading LLC:…

A: Cost of sale = Direct material  + Direct labor  + Manufacturing overhead + Direct expenses

Q: 1. Vera Santos Corporation's manufacturing costs were as follows: Prime Costs P560,000 Variable…

A: Product costs used for external reporting generally include manufacturing costs only. These costs…

Q: The Childers Company manufactures widgets. During the fiscal year just ended, the company incurred…

A: Prime cost = Direct material cost + Direct labor cost Conversion cost = Direct labor cost + Overhead…

Q: A company had the following costs in May when 400 units were produced: materials, $4,200; hourly…

A: The total cost is the amount incurred by the company on the production and business function of the…

Q: Based on the following information from ASX Corporation, calculate its total contribution margin.…

A:

Q: X Company manufactures a single product. Monthly production costs incurred in the manufacturing…

A: Variable costs and fixed costs, in economics, are the two main types of costs that a company incurs…

Q: 9. The following cost relate to XYZ Corp for the year: Sales commission expenses P 185,000 Direct…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 2. Kurt Corporation manufactures a propeller. Shown below is Kurt's cost structure Variable cost per…

A: Since it is the first year of operations, there would be no beginning inventory and it is given that…

Q: 8. The following cost relate to XYZ Corp for the year: Sales commission expenses P 185,000 Direct…

A: Period cost includes: Selling expense Administration expense Depreciation expense Sales commission…

Q: The Multicolors Company had the following costs for 2021: Raw materials…

A: Manufacturing costs to be inventoried under absorption costing = Raw materials + Direct labor  +…

Q: The following cost relate to COBEED for the year: Distribution Cost 123,000 Direct Materials…

A: Conversion costs = Direct Labour + Factory overhead               456,000 = Direct Labour + 111,000…

Q: The following costs relate to Antonio Industries for the last quarter: Conversion cost Direct…

A: Prime costs means cost of direct materials and direct labour used for the business. Total…

Q: Remedios Corporation's 2021 manufacturing costs were as follows: Prime cost P 600,000 100,000…

A: Product costs  for external reporting purpose = Prime costs + variable manufacturing overhead costs…

Q: 10 XOTIC Corp...incurred the following costs in October 2008: direct labor, P 120,000; factory…

A: Cost of goods manufactured = Total manufacturing cost + Beginning WIP - Ending WIP

Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…

A: Prime Cost = $20,000 Conversion Cost = $ 25,000 And   Prime Cost = Direct material + Direct Labor

Q: Assume a firm has prepared the following cost estimates for the manufacture of a sub-assembly…

A: Differential analysis is defined as the technique of management accounting under which the profits,…

Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…

A: Period cost is the cost that could not be capitalized such as selling expenses, marketing expenses,…

Q: 2. A condensed income statement by product line for Master Energy Co. indicated the following for…

A: When there are two alternatives for the business that either to continue the business or to…

Q: Questions 5 to 8 are based on the Statement of Income of Davao, Inc. which represents the operating…

A: The following calculations are done in the records of Davao Incorporation.

Q: BNM INC. presented the following data for 2021: Sales ₱256,000 Variable manufacturing costs 96,000…

A: Sales ₱256,000 Variable manufacturing costs 96,000

Q: Donovan Company incurred the following costs while producing 500 units: direct materials, $10 per…

A: Operating income is computed by subtracting the variable cost and fixed cost from the sales revenue.…

Q: A company manufactures 1000units of outputs using 5000units of materials @ GHC30 each, and pays…

A: Total product costs = Material cost  + indirect production expense + administrative expense = (5000…

Q: Learned Corporation has provided the following information: Cost per Unit Cost per Period Direct…

A: The direct costs are the cost that are directly related to production of a specific product and…