Provided is a map of the Province of Nueva Vizcaya where Jackie Corporation operates its facilities. Its production mix is 70% for dry goods and 30% for wet goods. Sixty percent of the total sales is made by the sales outlet. Out of its sales from the preceding year, the amount taxable within Kayapa is P1,519,800. How much of the sales is taxable in Bambang?

Provided is a map of the Province of Nueva Vizcaya where Jackie Corporation operates its facilities. Its production mix is 70% for dry goods and 30% for wet goods. Sixty percent of the total sales is made by the sales outlet. Out of its sales from the preceding year, the amount taxable within Kayapa is P1,519,800. How much of the sales is taxable in Bambang?

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 7DQ

See similar textbooks

Similar questions

Purchase discounts, freight in and receiving costs A. are used when setting a cost standard for materials B. should not be considered when setting a cost standard for materials C. are determined by a company's accountants and human resource managers D. are considered selling costs
Which of the following shipping terms would normally indicate that risk of loss and damage during shipping would be the responsibility of the buyer? Select one: A. FOB Shipping Point B. FOB Destination C. FOB Customer Warehouse D. FOB End Point
Explain why each activity has value added or non-value added. Activity Classificationa. Inventory control - Non-value-addedb. Purchasing - Non-value-addedc. Receiving - Non-value-addedd. Employee training - Non-value-addede. Machine setups - Non-value-addedf. Brewing - Value-addedg. Packing and shipping - Value-added Thank you for answering:)
QUESTIONS A.Compute for the ending Finished Goods Inventory under Absorption costing B.Compute for the ending Finished Goods Inventory under Absorption costing
Which one of the following inventory management approaches determines the finished goods inventory level and then works backward until the raw material needs are determined? A. Just-in-time B. Extended EOQ C. Materials requirements planning D. Economic order quantity
Explain briefly why each activity has value added or non-value added. Activity Classificationa. Inventory control - Non-value-addedb. Purchasing - Non-value-addedc. Receiving - Non-value-addedd. Employee training - Non-value-addede. Machine setups - Non-value-addedf. Brewing - Value-addedg. Packing and shipping - Value-added Thank you for answering:)
Saved Help Southwest Components recently switched to activity-based costing from the department allocation method. The Fabrication Department manager has estimated the following cost drivers and rates: Activity Centers Materials hand Ling Quality inspections Machine setups Running machines Cost Drivers Pounds of material handled Number of inspections Number of machine setups Number of machine-hours Rate per Cost Driver Unit $ 18 per pound $ 250 per inspection $3,000 per setup $24.00 per hour Direct materials costs were $313,000 and direct labor costs were $153,000 during July, when the Fabrication Department handled 3,900 pounds of materials, made 750 inspections, had 40 setups, and ran the machines for 15,000 hours. Required: Use T-accounts to show the flow of materials, labor, and overhead costs from the four overhead activity centers through Work-in- Process Inventory and out to Finished Goods Inventory.
Value chain classifications Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Business Function Cost Item Answera. Research and development 1. Labor time to repair products under warrantyb. Design 2. TV commercial spotsc. Production 3. Labor costs of fi lling customer ordersd. Marketing 4. Testing of competitor’s producte. Distribution 5. Direct manufacturing labor costsf. Customer service 6. Development of order tracking system forthe Internet7. Printing cost of new product brochures8. Hours spent designing childproof bottles9. Training costs for representatives to staff the customer call center10. Installation of robotics equipment in manufacturing plant
Value chain classifications Match each of the following cost items with the value chain business function where you would expect the cost to be incurred: Business Function Cost Item Answera. Research and development 1. Purchase of raw materialsb. Design 2. Advertisingc. Production 3. Salary of research scientistsd. Marketing 4. Shipping expensese. Distribution 5. Reengineering of product assembly processf. Customer service 6. Replacement parts for warranty repairs7. Manufacturing supplies8. Sales commissions9. Purchase of CAD (computer-aideddesign) software10. Salary of website designer
What is Customer Support Services in functions of marketing? A. The first impressions your product B. A separate identity C. Support services that a product requires D. Selling price per unit that customers pay
Which of the following items is not a product cost? Multiple Choice Freight cost on goods delivered FOB destination to customers Cost of merchandise purchased for resale Transportation cost on merchandise purchased from suppliers All of these answer choices are product costs
• prepare a cost of goods manufactured statement • tell me if freight out is included in the computation of COGM • and if purchases discounts & purchases returns and allowances are included too in the computation of COGM, specifically if it will be deducted to the purchases material • also, is there a manufacturing overhead?