Compute the standard cost of one unit of product i-tal

Assignment Help Accounting Basics
Reference no: EM132187473

Question - Larkin Company accumulated the following standard cost data concerning product I-Tal.

Direct materials per unit: 2.10 pounds at $6.36 per pound.

Direct labor per unit: 5.26 hours at $10 per hour.

Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $19.00 per direct labor hour.

Compute the standard cost of one unit of product I-Tal.

Reference no: EM132187473

Questions Cloud

Explain the significance of the comparisons : Samson Inc. prepared a budget last period that called for sales of 40,000 units at a price of $25 each. Explain the significance of the comparisons
Compute total budgeted costs : The total budgeted cost line is $235,000 at an activity level of 50,000 direct labor hours. Compute total budgeted costs at 65,000 direct labor hours
Calculate the net present value : Capital Budget Problem: Calculate the net present value, and determine whether the project is worth doing from a financial perspective
Compute the total price and quantity variances for materials : The standard cost of product 777 includes 2.5 units of direct materials at $5.6 per unit. Compute the total, price, and quantity variances for materials
Compute the standard cost of one unit of product i-tal : Allocated based on direct labor hours at a predetermined rate of $19.00 per direct labor hour. Compute the standard cost of one unit of product I-Tal
What do we mean by a relevant range : What do we mean by a Relevant Range? A professional services business has fixed costs of €150,000 and variable costs of €15 per hour.
How much cash must be borrowed : Batista Company management wants to maintain a minimum monthly cash balance of $20,200. How much cash, if any, must be borrowed to maintain
Improve environmental degradation : How can ethics be applied in corporate decision to improve environmental degradation?
Compute the break-even point in dollars : Presto Company makes radios that sell for $25 each. For the coming year, Compute the break-even point in dollars using the contribution margin (CM) ratio

Reviews

Write a Review

Accounting Basics Questions & Answers

  What will alvis report in the balance sheet

Alvis Corporation reports pretax accounting income of $400,000, What will Alvis report in the balance sheet pertaining to income taxes

  Solve problem related to the chee chew portfolio

Chee Chew's portfolio has a beta of 1.3 and earned a return of 12.9% during the year just ended. The risk-free rate is currently 4.2%.

  What is the principal of the note

If the amount of the total interest on the note is equal to $420, then what is the principal of the note

  How many equivalent units for conversion costs

Workforce, Inc. had beginning inventory in March consisting of 15,000 units (60 percent converted) and ending inventory consisting of 20,000 units (40 percent converted).

  Prepare the journal entries in the records of peewee ltd

ACC210 Major Assignment. Prepare the journal entries in the records of Peewee Ltd to record the events for the year ended 30 June 2017

  Net profit margins and working capital

I assume that sales grow at the rate of inflation, capital expenditures are equal to depreciation, and that net profit margins and working capital to sales ratios stay constant."What pattern of return on equity is implied by these assumptions? Is ..

  Tidbit inc has a sales budget for next month of 800000 cost

tidbit inc. has a sales budget for next month of 800000. cost of goods sold is expected to be 25 percent of sales. all

  Why is it undesirable to compensate receptors

What criteria can be used to determine if a smallnumber externality exists? Why is it undesirable to compensate receptors of external damage in cases.

  What is the net cost of the goods

Hunter Company purchased merchandise inventory with an invoice price of $6,000 and credit terms of 2/10, n/30. What is the net cost of the goods if Hunter Company pays within the discount period?

  Unfavorable materials quantity variance

There was a favorable materials price variance of $380 and an unfavorable materials quantity variance of $120. Based on these variances, one could conclude that:

  What nonfinancial factors if any should managers consider

What nonfinancial factors, if any, should managers consider in making investment decisions? Which of these nonfinancial factors are most important, and why?

  Prepare a cash payments budget for the month

Potato State Manufacturing is preparing its cash payments budget in the upcoming month. Prepare a cash payments budget for the month

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