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    Quiz 2 Cost Accounting

    Uploaded by

    Rocel Domingo
    1) The document provides cost accounting information and questions for three companies: Alecks Company, Blazed Co., and Charles Company. 2) It lists various costs for each company and asks questions to calculate prime cost, conversion cost, total inventoriable/product cost, total period cost, variable overhead cost per machine hour, fixed overhead costs, and estimated overhead costs. 3) Ten questions are provided to analyze the cost information for each company and perform various cost accounting calculations.

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    Quiz 2 Cost Accounting

    Uploaded by

    Rocel Domingo
    422 views1 page
    1) The document provides cost accounting information and questions for three companies: Alecks Company, Blazed Co., and Charles Company. 2) It lists various costs for each company and asks questions to calculate prime cost, conversion cost, total inventoriable/product cost, total period cost, variable overhead cost per machine hour, fixed overhead costs, and estimated overhead costs. 3) Ten questions are provided to analyze the cost information for each company and perform various cost accounting calculations.

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    1) The document provides cost accounting information and questions for three companies: Alecks Company, Blazed Co., and Charles Company. 2) It lists various costs for each company and asks questions to calculate prime cost, conversion cost, total inventoriable/product cost, total period cost, variable overhead cost per machine hour, fixed overhead costs, and estimated overhead costs. 3) Ten questions are provided to analyze the cost information for each company and perform various cost accounting calculations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    422 views1 page

    Quiz 2 Cost Accounting

    Uploaded by

    Rocel Domingo
    1) The document provides cost accounting information and questions for three companies: Alecks Company, Blazed Co., and Charles Company. 2) It lists various costs for each company and asks questions to calculate prime cost, conversion cost, total inventoriable/product cost, total period cost, variable overhead cost per machine hour, fixed overhead costs, and estimated overhead costs. 3) Ten questions are provided to analyze the cost information for each company and perform various cost accounting calculations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Cost Accounting and Control

    Quiz 2
    NAME: _____________________________

    INSTRUCTION: Read and analyze the problem carefully. You will write your answer in a paper. Double
    rule your final answer.

    The financial statements of Alecks Company included the following items:


    Marketing costs P 160,000
    Direct labor cost 245,000
    Administrative cost 145,000
    Direct material used 285,000
    Fixed Factory overhead 175,000
    Variable factory overhead costs 155,000
    Compute for:
    1. Prime cost
    2. Conversion cost
    3. Total inventoriable cost/product cost
    4. Total period cost

    Blazed Co. makes motorcycles. The management wants to estimate overhead costs to plan its
    operations. A recent trade publication revealed that overhead costs tend to vary with machine hours.
    To check this, they collected the following data for the past 12 months
    Month No. Machine Hours Overhead Costs
    1 175 P4,500
    2 170 4,225
    3 160 4,321
    4 190 5,250
    5 175 4,800
    6 200 5,100
    7 160 4,450
    8 150 4,200
    9 210 5,475
    10 180 4,760
    11 170 4,325
    12 145 3,975

    5. Using the high and low method, compute for the variable cost per machine hour
    6. Using the high and low method, compute for the total fixed cost
    7. If the plant is planning to operate at a level of 205 machine hours next period, what would be
    the estimated overhead costs?

    Charles Company had the following costs for the last quarter of 2020
    Conversion cost P435,000
    Direct materials 215,000
    Manufacturing overhead 190,000
    Selling and administrative expense 185,000

    8. Compute for the prime cost of Charles Co?


    9. How much is the total manufacturing cost of Charles Co?
    10. Compute for the total period cost of Charles Co?

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