The following information pertains to XYZ Co. for September 2001. Direct Material Direct Labor Overhead Job #123 ₱3,200 ₱4,500 ? Job #125 ? 5,000 ? Job #201 5,670 ? ₱5,550 XYZ Co. applies overhead for Job #123 at 140 percent of direct labor cost and at 150 percent of direct labor cost for Jobs #125 and #201. The total cost of Jobs #123 and #125 is identical. Required: a. What amount of overhead is applied to Job #123? b. What amount of overhead is applied to Job #125? c. What is the amount of direct material for to Job #125? d. Assume that Jobs #123 and #201 are incomplete at the end of September. What is the balance in Work in Process Inventory at that time?

The following information pertains to XYZ Co. for September 2001. Direct Material Direct Labor Overhead Job #123 ₱3,200 ₱4,500 ? Job #125 ? 5,000 ? Job #201 5,670 ? ₱5,550 XYZ Co. applies overhead for Job #123 at 140 percent of direct labor cost and at 150 percent of direct labor cost for Jobs #125 and #201. The total cost of Jobs #123 and #125 is identical. Required: a. What amount of overhead is applied to Job #123? b. What amount of overhead is applied to Job #125? c. What is the amount of direct material for to Job #125? d. Assume that Jobs #123 and #201 are incomplete at the end of September. What is the balance in Work in Process Inventory at that time?

XYZ Corporation, which commenced operations on August 1, employs a job order costing system. Overhead is charged at a normal rate of ₱2.50 per direct labor hour. The actual operations for the month of August are summarized as follows: a. Purchases of raw material, 25,000 pieces @ ₱1.20/piece. b. Material and labor costs charged to production: Job No. Units Material Direct labor cost Direct labor hours 101 10,000 ₱4,000 ₱6,000 3,000 102 8,800 3,600 5,400 2,700 103 16,000 7,000 9,000 4,500 104 8,000 3,200 4,800 2,400 105 20,000 8,000 3,600 1,800 c. Actual overhead costs incurred: Variable ₱18,500 Fixed 15,000 d. Completed jobs: 101, 102, 103, and 104 e. Sales—₱105,000. All units produced on Jobs 101, 102, and 103 were sold. Required: Compute the following balances on August 31: a. Material inventory b. Work in process inventory c. Finished goods inventory d. Cost of goods sold e. Under- or overapplied overhead

Question 1Job No.909 was completed in three departments of a factory. Costs details for this job were:Department Direct materials (RM) Direct wages(RM) Direct labour hoursX 650 800 1,000Y 940 300 400Z 230 665 700The production overheads are absorbed into the jobs using predetermined departmental overhead absorption rates based on the direct labour hours. The administrative overhead is absorbed as a percentage of production cost.The figures for the last cost period for the three departments on which the current overhead recovery rates are base were as follows:Department X Y ZDirect materials (RM) 6,125 11,360 25,780Direct wages (RM) 9,375 23,400 54,400Direct labour hours 12,500 36,000 64,000Production overheads (RM) 5,000 7,200 9,600Administrative overheads (RM) 2,870 14,686 8,978Required:Prepare a cost card showing the cost of Job No.909 and to show the price charged, assuming a profit margin of 20%.

During Year 2, XYZ Inc. reported an absorption costing income from operations of $100,000. The following information is given to you with respect to XYZ’s Year 2 activity:- Beginning Inventories: 10,000 units (including $3 of fixed overhead per unit).- During Year 2, XYZ Inc. produced and sold 90,000 and 85,000 units respectively.- Fixed overhead per unit on units produced during Year 2 amounted to $2.50 per unit.- XYZ employs a FIFO (First-in First-out) approach to inventory sales.Based on the information provided, variable costing income from operations would have been:Select one:a. $92,500.b. $137,500.c. $117,500.d. $112,500.

Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data:  Job A256 Job A257 Job A258 Job A260Beginning balance $ 2,600 $ 1,200 $ 0 $ 0Charged to the jobs during October:        Direct materials $ 4,000 $ 4,900 $ 2,800 $ 4,900Direct labor $ 1,500 $ 2,400 $ 1,300 $ 1,100Manufacturing overhead applied $ 2,600 $ 2,900 $ 1,600 $ 2,000Units completed 100 0 900 0Units in process at the end of October 0 154 0 124Units sold during October 80 0 180 0Jobs A256 and A258 were completed during October. The other two jobs were incomplete at the end of October. There was no finished goods inventory on October 1. The company’s total manufacturing overhead applied equals its total actual manufacturing overhead.Required:What is the cost of goods sold for October?Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount.What is the total value of the finished goods inventory at the end of October?Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount.What is the total value of the work in process inventory at the end of October?