User Account

All Pages

Compute the total cost per ton of ore mined

Assignment Help Accounting Basics
Reference no: EM132690091

Oates Company purchased for RM5,600,000 a mine estimated to contain 2 million tons of ore. When the ore is completely extracted, it was expected that the land would be worth RM200,000. A building and equipment costing RM2,800,000 were constructed on the mine site, and they will be completely used up and have no salvage value when the ore is exhausted. During the first year, 750,000 tons of ore were mined, and RM450,000 was spent for labor and other operating costs.

Required:

Problem 1: Compute the total cost per ton of ore mined in the first year. (Show computations by setting up a schedule giving cost per ton.)

Reference no: EM132690091

Questions Cloud

Why is massively parallel dna sequencing not suitable : 1. Why is massively parallel DNA sequencing not suitable for learning the DNA sequence of a specific clone?
How may be of value to future endeavors : Explain, with examples, how decision making and analysis, with the tools from our course, may be of value to you and your future endeavors.
Explain chemical characteristics of the pigments : What chemical characteristics of the pigments and/or solvents influenced the Rf values?
What steps manager take to improve employees performance : Suppose you were recently promoted to a supervisory job in a company where you worked for two years. You genuinely like almost all your coworkers, who now.
Compute the total cost per ton of ore mined : Compute the total cost per ton of ore mined in the first year. (Show computations by setting up a schedule giving cost per ton.)
What type of rewards system to implement for new employees : In considering what type of rewards system to implement for the new employees, which of the following systems will best attract employees who have the skills.
Prepare summary journal entries in governmental funds : Prepare summary journal entries in its governmental funds. Base entries on generally accepted accounting principles now in effect.
How well the entire team shows improvement in compliance : Reward employees equally according to how well the entire team shows improvement in compliance with safety procedures. Have employees rank one another on how.
Did the company have a cash inflow from operating activities : Did the company have a cash inflow or outflow from operating activities? What two major item(s) reported in operating activities caused the major inflow

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