Calculate the standard price per metre of wood

Assignment Help Financial Accounting
Reference no: EM132777277

Problem - Final Exam Tom Wang works as managerial accountant at Champion Polo Ltd. and is responsible for variance analysis for direct materials required in the manufacturing of polo mallets. He was working on material variance for April and left the work in the middle of the day to attend a family emergency. When he came back to work the next day, the data he was working on got lost due to computer crash. He could not recover the data and has to start all over again. But he remember that each mallet used (actual) 5 metres of wood with an actual cost of $6 per metre and that there were 4,000 mallets completed during April. In addition, he remember that the materials price variance was $800 favourable, and the total materials variance was $250 favourable. Calculate the standard price per metre of wood.

Reference no: EM132777277

Questions Cloud

What cost of capital for otherwise identical all-equity firm : The beta of Acetate's equity is 1.15. The firm pays no taxes. What is the cost of capital for an otherwise identical all-equity firm?
What are the projected total operating assets : Sales are expected to grow by 12% next year. Assuming no change in operations from this year to next year, what are the projected total operating assets
What is the yield to maturity on this bond : The Saleemi Corporation's $1,000 bonds pay 8 percent interest annually and have 11 years until maturity. What is the yield to maturity on this bond
Calculate kam corporation straight-line depreciation : On April 1, 2018 they purchased a specialized drill for $376,000. Calculate Kam Corporation's straight-line depreciation
Calculate the standard price per metre of wood : He remember that the materials price variance was $800 favourable, and the total materials variance was $250 favourable. Calculate the standard price per metre
What is the profitability index of this project : Assume a 30% tax rate. What is the Profitability Index (P/I) of this project with a 10% discount rate? Should we accept/reject this project
What the cost of equity with the new capital structure : Assuming there are no taxes or other imperfections, what would be the cost of equity with the new capital structure
Compute net cash flows from financing activities : Madison Company sold a warehouse it no longer needed for $200,000. Compute net cash flows from financing activities
How much increase to net present value this method : Indicate both your choice of method, and how much increase to net present value this method would add over the method you did not select

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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