A total of 6850 kilograms of a raw material was bought at a

Assignment Help Accounting Basics
Reference no: EM13370224

A total of 6,850 kilograms of a raw material was bought at a total cost of 21,920. The material price variance was 1370 favorable. Find the standard price per kilogram for raw material?

Reference no: EM13370224

Questions Cloud

On october 1 sams painting service borrows 80000 from : on october 1 sams painting service borrows 80000 from national bank on a 3-month 80000 4 note. explain what entry must
You are preparing an end-of-year audit consider that the : you are preparing an end-of-year audit. consider that the terms of trade between a buyer and a seller are free on board
The subsequent are the consolidated statement of earnings : the subsequent are the consolidated statement of earnings and the balance sheet of home depot inc and subsidiaries.the
In year 1 laylor company had revenues of 100000 advertising : in year 1 laylor company had revenues of 100000 advertising expense of 22000 depreciation of 15000 and other expenses
A total of 6850 kilograms of a raw material was bought at a : a total of 6850 kilograms of a raw material was bought at a total cost of 21920. the material price variance was 1370
Texaco inc has each of the subsequent items on its balance : texaco inc. has each of the subsequent items on its balance sheet at december 31 2011current asset prepaid expenses
Prepare a 3-5 page paper comparing and contrasting state : prepare a 3-5 page paper comparing and contrasting state and federal tax research. examine the different
Accounting for decision-makingyou will choose a public : accounting for decision-makingyou will choose a public company and prepare a financial analysis of the company based on
Explain why are companies with small levels of inventory : explain why are companies with small levels of inventory usually unconcerned with the choice of variable or absorption

Reviews

Write a Review

Accounting Basics Questions & Answers

  Why the difference in price

consider two bonds. One is maturing in 5 years and one matures in 10 years. Each has a coupon of 8% paid annually. Each is priced to yield 9% as follows: 5 years $961.10 and 10 years $935.82. Why the difference in price?

  The united states financial reputation on an international

The United States' Financial Reputation on an International Level

  Ideal system of internal controls

Management is often unwilling to implement an ideal system of internal controls because

  Conversion cost per unit

Madison Industries has equivalent units of 2,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?

  What amount received by rational person

If the market rate of interest is 10%, a rational person would just as soon receive $1,100 three years from now as what amount today (round to the nearest dollar)?

  Real property tax and person liability

The real property tax year in Adams County is the calendar year. The real property tax becomes a person liability of the owner of real property on January 1 in the current real property tax year 2009.

  What is the impact of accounting errors on the balance sheet

What is the impact of accounting errors on the balance sheet and income statement? How are errors handled?

  Determine the basic earnings per share for crystal arts

Determine the basic earnings per share for Crystal Arts. Round answer to nearest whole cent.

  Determine the cost of goods available for sale

Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods.

  Amount of the acquired net capital loss

What amount of the acquired net capital loss of $80,000 can be used to offset Gate Corp's net capital gain for 2010?

  Journalize the transactions for horner corporation

Host Corporation is authorized to issue 800,000 shares of $7 par value common stock. During 2010, its first year of operation, the company has the following stock transactions.

  Prepare the journal entry to record the purchase of the call

Prepare the journal entry to record the purchase of the call option on January 2, 2014.

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