User Account

All Pages

If one unit of product x used 310 of direct materials and

Assignment Help Accounting Basics
Reference no: EM13583537

If one unit of Product X used $3.10 of direct materials and $3.60 of direct labor, sold for $10.00, and was assigned overhead at the rate of 36% of direct labor costs, how much gross profit was realized from this sale?

Reference no: EM13583537

Questions Cloud

Calculate below the amounts for each of these four taxes of : on january 8 the end of the first weekly pay period of the year regis companys payroll register showed that its
Job no 125 was completed during may and jobs no 124 and 125 : the job order cost sheets used by garza company revealed the followingjob. no.bal. may 1may production costs124 2200
A company uses the weighted-average method for inventory : a company uses the weighted-average method for inventory costing. at the end of the period 26000 units were in the
Albright company allocates the estimated 270000 of its : albright company allocates the estimated 270000 of its accounting department costs to its production and sales
If one unit of product x used 310 of direct materials and : if one unit of product x used 3.10 of direct materials and 3.60 of direct labor sold for 10.00 and was assigned
Company believes it can sell 10000000 units of its : company believes it can sell 10000000 units of its proposed new garage door opener at a price of 100 each. if the
A product sells for 240 per unit and its variable costs per : a product sells for 240 per unit and its variable costs per unit are 162. the fixed costs are 428000. if the firm wants
When service departments fixed costs are allocated using : when service departments fixed costs are allocated using actual costs and actual usage the charge one production
Products should be designed to meet customer needs at a : what is the basic premise of target costing?customers are generally willing to pay for whatever companies design so

Reviews

Write a Review

Accounting Basics Questions & Answers

  A company had inventory on november 1 of 4 units at a cost

a company had inventory on november 1 of 4 units at a cost of 16 each. on november 2 they purchased 7 units at 27 each.

  Break down the difference computed in 1 above into a

harmon household products inc. manufactures a number of consumer items for general household use. one of these products

  What is self-employment tax explain its components

What is self-employment tax? What are its components? How does this compare with FICA payments and payroll taxes that an employee pays on earned income?

  What is effect of a bargain purchase option on accounting

So what is the effect of a bargain purchase option on accounting for a capital-lease transaction by a lessee?

  Which of the following is the plan for acquiring the

which of the following is a plan for acquiring the resources needed to complete the manufacturing activities that will

  What is the aftertax cash flow from this sale

Hunter's Paradise purchased $568,000 of equipment 4 years ago. The equipment is 7-year MACRS property. The firm is selling this equipment today for $199,500.

  What is consolidated net income

During the current year, Jordan reported interest expense of $22,000 while Fey reported interest income of $21,000. What is consolidated net income?

  If hallas company does close down the northwest plant fixed

hallas company manufactures a fast-bonding glue in its northwest plant. the company normally produces and sells 44000

  Direct labor efficiency variance problem

Yola Company manufactures a product with standards for direct labor of 4 direct labor-hours per unit at a cost of $12.00 per direct labor-hour. During June, 1,000 units were produced using 4,100 hours at $12.20 per hour. The direct labor efficienc..

  What are the key management assertions related to cash

What are the key management assertions related to cash? What are the most important assertions related cash? How will auditors test these assertions?

  Quality of the company earnings

Watson Corporation reported net income of $352,000, cash of $67,800, and net cash provided by operating activities of $221,200. What does this suggest about the quality of the company's earnings? What further steps should be taken?

  Share to common stockholders

Orchard Corporation's common stock was selling at $52 per share at the end of its fiscal year. All dividends for the year had been paid, including $4.80 per share to common stockholders.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd