User Account

All Pages

Compute the standard quantity per unit

Assignment Help Accounting Basics
Reference no: EM132707846

Question - FAITH Company manufactures "grace" product. The product requires a material called RIZ-829. During the month December, the company purchased 10,000 liters of RIZ-829 and the supplier offered a credit term of 2/10, n/30. In relation to the acquisition of materials, transportation cost incured was P5,000. 2 liters of materials RIZ-829 are needed to produce a single unit. Allowance for scrapped and spoilage due to machine breakdowns was .5 liters. Purchase price is 30,000.

A. Compute the standard price per liter.

B. Compute the standard quantity per unit.

Reference no: EM132707846

Questions Cloud

How would go about obtaining the data specified : By labeling rows and columns, describe the data matrix that would be likely to be sufficient for calculating this estimate. How would go about obtaining
Three major types of ionotropic glutamate receptors : What are the three major types of ionotropic glutamate receptors, and why were they given their specific names?
Determine the price of the bonds on September : The bonds mature on September 30, 2041 (20 years). The market rate of interest for similar bonds was 10%. Determine the price of the bonds on September
Make the entries for Jing Fang Su using the warranty : Make 20X8 the entries for Jing Fang Su using the warranty expense treatment. Assume that Jing Fang Su estimates the total cost of servicing
Compute the standard quantity per unit : FAITH Company manufactures "grace" product. The product requires a material called RIZ-829. Compute the standard quantity per unit
Find the cost of otx ordinary share : Use only relevant information and applicable method to find the cost of OTX ordinary share. The beta coefficient for OTX Ltd is 1.68. The company has just paid
Indicate which accounts are increased to record disposition : Finney Company sold a machine for $15,000. Indicate which accounts are increased and /or decreased to record the disposition of the machine.
Compute actual direct labor hours worked for January : Marshall Company purchased 26,000 pounds of direct materials for $27,300. Compute the standard direct labor hours allowed for January production
Indicate the accounts that are increased to remove : Indicate the accounts that are increased and/or decreased to remove the equipment from the books of Brown Company on March 31, 2015.

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