The following information has been taken from the cost records of RST Company for the past year: Raw material used in production ₱326 Total manufacturing costs charged to production during the year (includes direct material, direct labor, and overhead equal to 60% of direct labor cost) 686 Cost of goods available for sale 826 Selling and Administrative expenses 25 Inventories Beginning Ending Raw Material ₱75 ₱ 85 Work in Process 80 30 Finished Goods 90 110 Required: 1. Raw materials purchased 2. Direct labor 3. Cost of goods available for sale 4. Cost of goods manufactured 5. Cost of goods sold

RST Corp. would like to institute an activity-based costing system to price products. The company’s Purchasing Department incurs costs of ₱550,000 per year and has six employees. Purchasing has determined the three major activities that occur during the year. Allocation # of Total Activity Measure People Cost Issuing purchase orders # of purchase orders 1 ₱150,000 Reviewing receiving reports # of receiving reports 2 ₱175,000 Making phone calls # of phone calls 3 ₱225,000 During the year 50,000 phone calls were made in the department; 15,000 purchase orders were issued; and 10,000 shipments were received. Product A required 200 phone calls, 150 receiving reports, and 50 purchase orders. Product B required 350 phone calls, 400 receiving reports, and 100 purchase orders. Required: a. Determine the amount of purchasing department cost that should be assigned to each of these products. b. Determine purchasing department cost per unit if 1,500 units of Product A and 3,000 units of Product B were manufactured during the year

Direct Materials Inventory WIP Inventory Finished Goods Inventory Factory Department Overhead Cost of Goods Sold Additional information is as follows: Cost of direct materials purchased during 20X5 Cost of direct materials requisitioned in 20X5 Cost of goods completed during 20X5 Factory overhead applied (120% of direct labor) LB Company has the following balances as of the year ended December 31, 20X5. ₱15,000 Dr. 34,500 Dr. 49,500 4,000Dr. 74,500 Dr. Dr. ₱41,000 47,000 102,000 48,000 Required: Compute beginning direct materials inventory. Compute beginning WIP inventory. Compute beginning finished goods inventory. Compute actual factory overhead incurred.

Fill in the Blank QuestionFill in the blank question.RST Company produces a product that has a selling price of $10 per unit and variable cost of $6 per unit. The company's fixed costs are $30,000. If the company sells 15,000 units, the degree of operating leverage is .

XYZ Ltd. has supplied you the following information in respect of one of its products:Total fixed costs Rs. 18,000Total variable costs Rs. 30,000Total sales Rs. 60,000Unit sold  20,000

TUV Manufacturing Corporation has a traditional costing system in which it applies manufacturing overhead to its products using a predetermined overhead rate based on direct labor-hours (DLHs). The company has two products, B40W and C63J, about which it has provided the following data: B40W C63J Direct materials per unit .............. ₱34.90 ₱63.70 Direct labor per unit .................... ₱20.80 ₱62.40 Direct labor-hours per unit .......... 0.80 2.40 Annual production ....................... 35,000 15,000 The company’s estimated total manufacturing overhead for the year is ₱2,656,000 and the company’s estimated total direct labor-hours for the year is 64,000. The company is considering using a variation of activity-based costing to determine its unit product costs for external reports. Data for this proposed activity-based costing system appear below: Activities and Activity Measures Estimated Overhead Cost Assembling products (DLHs) ..................... ₱1,216,000 Preparing batches (batches) ..................... 480,000 Milling (MHs) ............................................ 960,000 Total .......................................................... ₱2,656,000 Activities B40W C63J Total Assembling products.............. 28,000 36,000 64,000 Preparing batches .................. 2,304 2,496 4,800 Milling .................................... 1,088 2,112 3,200 Required: a. Determine the unit product cost of each of the company's two products under the traditional costing system. b. Determine the unit product cost of each of the company's two products under activity-based costing system.