User Account

All Pages

Calculate the standard price per kilogram

Assignment Help Accounting Basics
Reference no: EM131798383

Question - Harnish Corporation is developing standards for its products. One product requires an input that is purchased for $55.00 per kilogram from the supplier. By paying cash, the company gets a discount of 8% off this purchase price. Shipping costs from the supplier's warehouse amount to $5.17 per kilogram. Receiving costs are $0.28 per kilogram. Each unit of output of the product requires 0.75 kilogram of this input. The allowance for waste and spoilage is 0.04 kilogram of this input for each unit of output. The allowance for rejects is 0.11 kilogram of this input for each unit of output.

The standard price per kilogram of this input should be:

a. $55.00

b. $56.05

c. $53.95

d. $64.85

Reference no: EM131798383

Questions Cloud

Calculate the overhead spending variance : Calculate the Overhead spending variance, overhead efficiency variance, and the overhead volume variance. Discuss the over meaning of your results
How do we define default function parameters in php : How do we define default function parameters in PHP? Provide an example. 2. What are server-side include files? Why are they important in PHP?
Stages of the functional model of decision making : What are the four stages of the functional model of decision making? Briefly, describe the importance of each.
Describe eight categories of verbal communications : In an essay format, name and describe eight categories of verbal communications.
Calculate the standard price per kilogram : Harnish Corporation is developing standards for its products. The standard price per kilogram of this input should be
Inventories and lower-of-cost-or-net-realizable-value : What is the ‘net realizable' value of each unit when implementing lower-of-cost-or-net-realizable-value procedures
What is an unhealthy agreement : What is an unhealthy agreement? Why is it important for leaders to understand how to resolve conflict and aviod unhealthy agreements?
Research the iasb and discuss its structure : Research the IASB, and discuss its structure. Compare and contrast differences between principles- and rules-based approaches when setting accounting standards.
Compare and contrast the process of adding javascript : Compare and contrast the process of adding JavaScript and a Cascading Style Sheet to a Website. Determine if they can be used simultaneously in a page.

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