User Account

All Pages

Calculate the cost per haircut

Assignment Help Accounting Basics
Reference no: EM131775390

Question - A local barbershop cuts the hair of male customers, the barbers offer no special styling. During the month of February 1,500 haircuts were given. The cost of haircuts includes the following:

Direct labor $10,500

Direct materials 1,500

Overhead 3,000

Total $15,000

Required -

1. Explain why process costing is appropriate for this haircutting operation.

2. Calculate the cost per haircut.

Reference no: EM131775390

Questions Cloud

Discuss the depreciation method for each machine : the depreciation method for each machine, and various methods have been used
Total amount spent in us for wireless communication services : Wireless service spending The total amount spent in the United States for wireless communication services, S (in billions of dollars), can be modeled.
Examples of type of associative value marketing : How might you pair products or services similar to how Assael did with the Black Pearls? Have you seen other examples of type of associative value marketing
Applying managerial accounting concepts : Many of the concepts in managerial accounting were first developed for the manufacturing environment. Do you think these concepts, such as variable costs
Calculate the cost per haircut : A local barbershop cuts the hair of male customers, the barbers offer no special styling. Calculate the cost per haircut
About what value and utility the firm is emphasizing : Think about what value and utility the firm is emphasizing, and how they communicate their value proposition.
What percent does the equation predict for given year : Cigarette use With data from 1965 to 2009, the percent p of adults who smoke cigarettes can be modeled by the equation.
Reproduce the retained earnings account : No errors have been made in recording 2011 transactions or in preparing the closing entry for net income. Reproduce the Retained Earnings account
Compute the net present value of the commuter service : Five used vans would cost a total of $75,700 to purchase and would have a 3-year useful life with negligible salvage value

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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