Calculate the materials cost and labor cost for december

Assignment Help Financial Accounting
Reference no: EM131262384

In December, Sara’s Sodas produced 4.1 million liters of the beverage. Manufacturing overhead was $1,365,000 and the cost per liter was $0.44. Labor costs were 25 percent of materials cost.

Calculate the materials cost for December. (Enter your answer in dollars not in millions.)

Calculate the labor cost for December. (Enter your answer in dollars not in millions.)

Reference no: EM131262384

Questions Cloud

What is best buy business level strategy : What is Best Buy's business level strategy? What are its main value and cost drivers? What are the key resources and capabilities Best Buy uses to compete against its rivals? How do these resources and capabilities help Best Buy's performance (be s..
Prepare journal entries that big would record for investment : On January 1, 2016, Big Company spent $350,000 for a 20 percent interest in Little Company. There is no difference between the purchase price and the book value of the net assets acquired. Little reports net income of $300,000 and pays dividends $100..
Describe why the patient''s culture is so important : What if a member of the health care team does not support strategies planned to meet the cultural requests of the patient and family?
Reported on the balance sheet and income statement : Able’s Furniture Company had beginning inventory on 1/1/14 in the amount of $325,000. During 2014, they purchased additional inventory in the amount of $925,000. On December 31, an inventory count revealed they had $150,000 in ending inventory. What ..
Calculate the materials cost and labor cost for december : In December, Sara’s Sodas produced 4.1 million liters of the beverage. Manufacturing overhead was $1,365,000 and the cost per liter was $0.44. Labor costs were 25 percent of materials cost. Calculate the materials cost for December. Calculate the lab..
What wage would a monopoly union demand from the firm : What wage would a monopoly union demand from the firm? How many workers will be employed under this monopoly union contract? Illustrate and briefly explain a possible Pareto improvement from this monopoly union con- tract.
Additional paid-in-capital represents : Additional paid-in-capital represents:
Are hr metrics and workforce analytics truly necessary : List and explain three (3) advantages of using a project management approach on an HRIS implementation. Rank from most to least important three (3) tools, techniques, and / or processes that you believe aid in the successful management of an HRIS ..
Accumulated depreciation appears on the : Accumulated Depreciation appears on the

Reviews

Write a Review

Financial Accounting Questions & Answers

  Tark company a 90 percent owned subsidiary of parker inc

tark company a 90 percent owned subsidiary of parker inc. sold land to parker on may 1 2010 for 80000. the land

  Posey company started operations

Posey Company started operations by acquiring $89,000 cash from the issue of common stock. On January 1, 2014, the company purchased equipment that cost $79,000 cash.

  How much is dollar value of ending inventory using costing

Lenat Company produced 50,000 units during the year. Variable costs per unit and fixed production costs have remained constant the entire year. There were no beginning inventories. How much is dollar value of ending inventory using full costing?

  Record the adjustment for supplies

Hurricane begins the year with $850 in supplies. During the year, the company purchases $4,200 in supplies and debits that amount to Supplies. At year-end, supplies costing $2,200 remain on hand. Record the adjustment for supplies.

  What is the tax treatment of the trading stock

Advise FVS what income is derived and when and what tax consequences follow on default - What is the tax treatment of the trading stock the subject of a lay-by

  Make the company cash budget for the upcoming fiscal year

make the company cash budget for the upcoming fiscal year and Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash

  What is the bond interest expense for year ended december

Prepare the journal entry to record the sale of the bonds on September 1 and the first semiannual interest payment on November 1, 2014. What is the bond interest expense for the year ended December 31, 2014?

  Question the lbj company has budgeted sales revenues as

question the lbj company has budgeted sales revenues as given.aprilnbspnbspnbspnbspnbspnbsp maynbspnbspnbspnbspnbsp

  The conversion cost per equivalent unit

All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The conversion cost per equivalent unit for April is:?

  Explain how much of the passive loss may white corporation

white corporation, a closesly help personal service corporation has $150000 of passive losses, $120000 of active business income and $30000 of portfolio income. Explain how much of the passive loss may white corporation deduct

  Manufactures a single product

Frank Corporation manufactures a single product that has a selling price of $30.00 per unit. Fixed expenses total $51,000 per year, and the company must sell 8,500 units to break even. If the company has a target profit of $16,500, sales in units mus..

  Journalize the adjusting entry required

Journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment. The balance in the prepaid insurance account, before adjustment at the end of the year, is $10,730.

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