A shortage of 100 kgs in chemical a of 140 kgs in chemical

Assignment Help Accounting Basics
Reference no: EM13595579

X is the manufacture of Mumbai purchased three chemicals A, B and C from U.P.The bill gave the following information:

  • Chemical A: 6000 kgs @ Rs. 4.20 per kg Rs 25,200
  • Chemical B: 10000 kgs @ Rs. 3.80 per kg 38,000
  • Chemical C: 4000 kgs @ Rs. 4.75 per kg 19,000
  • VAT 2,055
  • Railway Freight 1,000
  • Total Cost 85,255

A shortage of 100 kgs in chemical A, of 140 Kgs in chemical B and Of 50 kgs in chemical C was noticed due to breakages. At Mumbai, the manufacture paid octroi duty @ 0.20 kg. He also paid hamali, Rs 20 for the chemical a, Rs 58.12 for chemical B and Rs 35.75 for chemical C. Calculate the stock rate that you would suggest for pricing issue of chemicals assuming a provision of 4 % towards further deterioration and also show the quantity of chemicals available for issue.

Reference no: EM13595579

Questions Cloud

Provide a series of synthetic steps including reagents and : provide a series of synthetic steps including reagents and intermediates by which ch32cch2 could be prepared from
For 5550000 bale inc purchased another companys land : for 5550000 bale inc. purchased another companys land building and equipment. independent appraisals indicate the
Why is it difficult to use refractive index to determine : why is it difficult to use refractive index to determine the concentration of alcohol above 56 by
What is the height of a column of liquid in a barometer if : what is the height of a column of liquid in a barometer if the density of the liquid is 1.202 gml and the local
A shortage of 100 kgs in chemical a of 140 kgs in chemical : x is the manufacture of mumbai purchased three chemicals a b and c from u.p.the bill gave the following
Why is it problematic to write a rate law for the : why is it problematic to write a rate law for the decomposition of h2o2 with mno2 as a catalyst assume the reaction is
A sample of zns is reacted with hclaq to form hydrogen gas : question a sample of zns is reacted with hclaq to form hydrogen gas. the h2 gas bubbles out of aqueous solution and is
Equipment costing 20000 with a salvage value of 4000 and an : equipment costing 20000 with a salvage value of 4000 and an estimated life of 8 years has been depreciated using the
What is the molecular equation ionic equation and the net : what is the molecular equation ionic equation and the net ionic equation?caco3 and

Reviews

Write a Review

Accounting Basics Questions & Answers

  Write down a mips program which will prompt the user for a

write a mips program which will prompt the user for a string of up to 128 bytes calculate the frequency of each

  Description of investment

A corporation may obtain a machine by leasing it for six years (the useful life), paying an annual fee of $3,000, or by purchasing it for $12,000.

  Prepare a reconciliation schedule to reconcile 2011 net

s. a. harrington company is a u.s.-based company that prepares its consoli- dated financial statements in accordance

  Cumulative effect of accounting change

Suppose a 40% income tax rate. The cumulative effect of this accounting change on beginning retained earnings is

  On november 15 2009 sandra cook a newly hired cost analyst

on november 15 2009 sandra cook a newly hired cost analyst at peterson manufacturing company was asked to predict

  Fremantle fisheries ff operates a fleet of fishing boats

fremantle fisheries ff operates a fleet of fishing boats out of three ports in western australia - fremantle bunbury

  Whats the best method to use for businesses

The direct method might be easier to understand but it is also more expensive and more time consuming for the company why is that? and Whats the best method to use for businesses?

  What should be the loss recognized from the sale of machine

The JOhn Company purchased a machine on Nov 1, 2002, for 148,000. At the time of acquistion, the machine was estimated to have a useful life of ten years and an estimated salvage value of $4,000. JOhn has recorded monthly depreciation usiing the s..

  Work problems 109nbsp at the end of the first three months

work problems 109nbsp at the end of the first three months of operation evergreen repairs inc.s trial balance is

  What is realized and recognized gain on the second asset

Jerry transfers two assets to a corporation as part of a Sec. 351 exchange. The first asset has an adjusted basis of $70,000 and a FMV of $50,000. The second asset has an adjusted basis of $70,000 and a FMV of $150,000. The FMV of the stock receiv..

  Cindy inc sells a product for 20 per unit the variable

cindy inc. sells a product for 20 per unit. the variable expenses are 14 per unit and the fixed expenses total 34900

  Job no 115 was the only job in process at the end of the

general corporation employs a job order cost system. on may 1 the following balances were extracted from the general

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