User Account

All Pages

Actual production costs for the production of 1000 stuffed

Assignment Help Accounting Basics
Reference no: EM13599474

Woods Enterprises prepared the following standard costs for production of one stuffed bear: Direct materials: 1.5 pounds of stuffing at $2 per lb
Direct labor: 2 hours of assembly at $15 per hour
Actual production costs for the production of 1,000 stuffed bears required 1,750 pounds of stuffing at a cost of $1.95 per pound and 1,950 labor hours at $15.25 per hour.

a) Calculate the direct material price variance
b) Calculate the direct material usage variance

Reference no: EM13599474

Questions Cloud

Alder company budgets on an annual basis the following : alder company budgets on an annual basis. the following beginning and ending inventory levels in units are planned for
Complete the companys flexible budget performance report : tajiri corporation uses customers served as its measure of activity. the following report compares the planning budget
Management is considering purchasing an asset for 32000 : management is considering purchasing an asset for 32000 that would have a useful life of 4 years and no salvage value.
Ventura corporation purchased machinery on january 1 2009 : ventura corporation purchased machinery on january 1 2009 for 630000. the company used the sum-of-the-years-digits
Actual production costs for the production of 1000 stuffed : woods enterprises prepared the following standard costs for production of one stuffed bear direct materials 1.5 pounds
The company on 123107 pays the fourth interest payment on : please tell me the journal entries for the following1 on 1107 hawkeye issues 500000 of ten 10 year 9 coupon bonds
There are two different restaurant chains that you have : there are two different restaurant chains that you have identified as potential investment opportunities. you are
During its fiscal year a pension trust fund buys 1000 : during its fiscal year a pension trust fund buys 1000 shares of stock for which it pays 33000. at year end the stock
Will the managers incentives to replace the metal press : your firm uses return on assets roa to evaluate investment centers and is considering changing the valuation basis of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the propriety of a increasing the stated value of

discuss the propriety of a increasing the stated value of goodwill prior to the negotiations and b eliminating

  Jumbo company estimates warranty expense as 5 of sales on

jumbo company estimates warranty expense as 5 of sales. on january 1 warranties payable was 10000. during the year

  Discuss the qualitative concept of comparability

Discuss the qualitative concept of comparability. In your opinion, would the financial statements of companies operating in one of the foreign countries listed above be comparable to a U.S. company's financial statements? Explain.

  Healthcare financial management

Healthcare Financial Management

  During the year the company had instituted an expensive

wayne terrago controller for robbin industries was reviewing production cost reports for the year. one amount in these

  Sanford co sells 507400 of 10 bonds on march 1 2014 the

sanford co. sells 507400 of 10 bonds on march 1 2014. the bonds pay interest on september 1 and march 1. the due date

  What amount should andys skateboards report as a prior

andys skateboards inc. reported a retained earnings balance of 300000 at december 31 2008. in june 2009 andys internal

  Adjusting entries by using good form

Prepare the adjusting entries using good form for each of the following situations as of January 31 (measurement date) for the one month of January

  Seamark buys 300000 of eiders 8 five-year bonds payable at

seamark buys 300000 of eiders 8 five-year bonds payable at par value on september 1. interest payments are made

  Utilities for the plant 2400 each month plus 053 for each

creative crates co. produces wooden crates used for shipping products by ocean liner. in 2014 creative incurred the

  Melton company sold some machinery to addison company on

melton company sold some machinery to addison company on january 1 2010. the cash selling price would have been 568620.

  Calculate the amount of factory overhead to be allocated to

the sawtooth leather company manufactures leather handbags and moccasins. for simplicity reasons they have decided to

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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