Standard quantity allowed for units production

Assignment Help Accounting Basics
Reference no: EM13129480

The standard quantity allowed for the units produced was 6,500 pounds, the standard price was $2.50 per pound, and the materials quantity variance was $375 favorable. Each unit uses 1 pound of materials. How many units were actually produced?

Reference no: EM13129480

Questions Cloud

Select an initial public offering : Select an Initial Public Offering (or a Secondary Offering) completed in the last 10 years in U.S. capital markets, and discuss and analyze this IPO in 7-8 pages, double-spaced.
What is the identity of other isotope of silver : Silver has an average atomic mass of 107.87 u. If 48.18% of Ag exists as Ag-109 (108.9047 u), what is the identity and the atomic mass of the other isotope?
Show the synthesis of aromatic compounds : Important information about Synthesis of Aromatic Compounds - Toluene to methyl benzyl ether and phenol to phenacetin
Property costs in the company accounting records : The property included land appraised at $87,500, land improvements appraised at $35,000, and a building appraised at $52,500. What should be the allocation of this property's costs in the company's accounting records?
Standard quantity allowed for units production : The standard quantity allowed for the units produced was 6,500 pounds, the standard price was $2.50 per pound, and the materials quantity variance was $375 favorable. Each unit uses 1 pound of materials. How many units were actually produced?
Nitration of methyl benzoate : In the nitration of methyl benzoate, why do you wash the crystals with water followed by an ice-cold methanol washing? What is the purpose of pouring the reaction mixture over ice?
Describe the various approaches required by current gaap : describe the various approaches required by current GAAP standards for reporting changes in accounting principles. Discuss how these approaches may be impacted by the adoption of new IFRS standards.
Calculate the number of moles of the h2o2 : Calculate the number of moles of the H2O2 in the 10.00 mL sample in every titration from the volume of KMnO4 used and the stoichiometry of the reaction.
What is partial pressure of cl2 in the equilibrium mixture : At 373 K, Keq = 2.39 for the following reaction:  SO2Cl2(g) = SO2(g) + Cl2(g) In an equilibrium mixture of the three gases, the partial pressures of SO2Cl2 and SO2 are 3.31 atm and 1.59 atm, respectively.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Absorption-costing income statement

The gross margin that the company would disclose on an absorption-costing income statement is:

  Entries of subscription revenue

Prepare the entry in November for the receipt of the subscriptions. Prepare the adjusting entry at December 31, 2007, to record subscription revenue earned in December 2007. Prepare the adjusting entry at March 31, 2008, to record subscription revenu..

  What are the five basic principles of cash management

What are the five basic principles of cash management that a company can follow in order to improve its chances of having adequate cash?

  Calculating debt to equity ratio

When calculating debt to equity ratio: A) Convertible bonds should be treated as debt B) Convertible bonds should be excluded from debt but not included in equity

  What is its earnings per share

Offshore Ale Company has earnings available to common stockholders of $2 million and has 500,000 shares of common stock outstanding. What is its earnings per share (EPS)?

  Legal debt margin for southside city

The State limits the amount of general obligation debt that can be issued by a City to 20% of the assessed value of its taxable property. The assessed value of property in Southside City is $500 million. The legal debt margin for Southside City is

  Contemporary trends in global value chain management

Illustrate out the some contemporary trends in global value chain management? How does the use of a global monetary unit (e.g., Euro or single currency) affect global value chain management?

  Journal entries for insurance-interest and payment

On December 1, 2007 Gates Company borrowed $45, 00 cash from FirstBank on a 90-day, 9% note payable. Prepare Gate's general journal entry to record the insurance of the note payable.

  Compute elasticity portion of curve

The quantity demanded falls to 300 units per week. Use the formula for arc elasticity to compute elasticity along this portion of the curve.

  Description of annual rate of return

Suppose that, on March 28, 2020, this security's price is $38,260. If an investor had purchased it for $24,099 at the offering and sold it on this day, what annual rate of return would she have earned?

  Argument for or against abolishing estate taxes

Create an argument for or against abolishing estate taxes. Recommend an alternative to the current federal taxation system that you believe would be fair to corporations and partnerships.

  Limitation of internal control

Which of the following is not a limitation of internal control? Bonds that may be exchanged for common stock at the option of the bondholders are called

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd