Battle of the Brains

If the beginning inventory is 289,567 and the ending inventory is 179,900.How much is the actual FCPC if there are purchases worth 912,532? Value Meal Contribution is at 80%.

• 999,289

• 1,022,199

• 1,144,000

• 897,456

Compute for Php FCPC for the month of October given the following:

•September ending inventory Php 135,000

•October Commissary billing Php 388,000

•September in transit DR# 824175282, received on October 1, amounting to Php 28,000

•October in transit DR# 901513624 amounting to Php 13,000

•October ending inventory Php 189,096

•Senior Discount: 0.02%

• 485,290

• 388,608

• 318,819

• 348,904

CM Passi received 1,590,000 commissary items and their beginning inventory is 385,390.If the reported FCPC IS 1,112,280.How much is the Ending Inventory?

• 863,110

• 967,129

• 817,456

• 1,590,000

. For the month of June, your store’s total cost of goods available for use amounts to 1,029,000. Last June 30, you filed in E-IFD the DR# 902323887, dated June 18, 2021 amounting to P237.86. Last month, you reported DR# 342000944 as in transit (received this month) amounting to P36,541 while this month you also reported DR#521014503 as in transit amounting to P21,012. Your ending inventory amounts to P128,980.

Compute for the FCPC % if the sales is P1,774,572.73.

• 49.55%

• 49.52%

• 50.72%

• 50.70%

At the beginning of May, you have 90,091 worth of inventory. For the entire month, Commissary billed your store amounting to 237,000. You noticed that a DR with signed receipt dated May 31 was not part of the billing amounting to P53,845. There were purchases from your accredited local suppliers-vegetables 3,398 and charcoal 9,400. You used the store's PCF to pay various vegetables worth P5,870.

How much is the total cost of goods available for use?

• 390,114

• 399,514

• 409,290

• 380,190

Percentage to Sales of refund transactions due to wrong punch is not more than 3 %.

• True

• False

CAPEX cannot be fully deducted in the period they were incurred.

• True

• False

• None of the Above

Carlo cooked 7 kilos of rice around 4pm. By end of day, there is a remaining 2 kilos of cooked rice for wastage. Sales for the day was 58,200. Per kilo of rice costs 45.00. What is our allowable wastages?

• 0.077%

• 0.015%

• 0.30%

• 0.54%

• none of the above

Sales Deposit Logbook is signed by the MOD to signify that deposit was done.

• True

• False, should be signed by the MOD and Cashier

• False, should be signed by the MOD and Cash Custodian

• False, should be signed by the Bank Teller and MOD

• None of the above.

All manual ORs issued are supported by the order slip that tally with OR amount.

• True

• False