User Account

All Pages

The standard and actual prices per pound of raw material

Assignment Help Accounting Basics
Reference no: EM13592577

The standard and actual prices per pound of raw material are $4.00 and $4.50, respectively. A total of 10,500 pounds of raw material was purchased and then used to produce 5,000 units. The quanity standard allows two pounds of the raw material per unit produced. What is the materials quantity variance?

Reference no: EM13592577

Questions Cloud

Nighthawk inc is considering disposing of a machine with a : nighthawk inc. is considering disposing of a machine with a book value of 22500 and an estimated remaining life of
A sample of a compound with the formula mclh2o has a mass : a sample of a compound with the formula mclh2o has a mass of 0.642g. when it is heated 0.0949 g of h2o from the waters
A12 sells for 50 and has variable costs of 40 model b22 : russell corporation sells three different models of mosquito zapper. model a12 sells for 50 and has variable costs of
Abc corp bought a production machine on january 1 2011 for : abc corp bought a production machine on january 1 2011 for 30000. the company elected out of section 179 expensing and
The standard and actual prices per pound of raw material : the standard and actual prices per pound of raw material are 4.00 and 4.50 respectively. a total of 10500 pounds of raw
A business is considering a cash outlay of 22704800 for : a business is considering a cash outlay of 227048.00 for the purchase of land which it could lease for 35238.00 per
Taxpayer q has net taxable income of 30000 from country y : taxpayer q has net taxable income of 30000 from country y which imposes a 40 percent income tax. in addition to the
There are so many options available to how they can : after 20 years of working for other firms penelope enrolled agent age 41 mark cpa age 43 and john cva age 65 want to
Scootersport inc manufactures and sells two styles of : scootersport inc. manufactures and sells two styles of scooter mountain cat and city dawg. these scooters are sold in

Reviews

Write a Review

Accounting Basics Questions & Answers

  A year later mr wong if of the opinion that it is time for

a year later mr wong if of the opinion that it is time for him to further expand his business. due fast changing in the

  Prepare the companys responsibilty income statement for the

a company has two product lines shoes and hats. costand revenue for each line for the current month

  Briefly describe the entries of revenue expenditures and

write a 350- to 500-word summary explaining the differences between revenue expenditures and capital expenditures

  Explain in laymans terms how barnes and noble accounts for

barnes and noble member programs entitles the member to receive a 10 discount on all purchases made 20 discount for

  Ethical aspects of symingtons action

How should Symington have recorded this transaction? Anddiscuss ethical aspects of Symington's action.

  Computing cash collections

Joanie Corp sells it products on both credit and cash basis. Monthly sales are sold 10% for cash, 90% for credit. Credit sales are collected 40% in the month of sale and 60% the following month. Sales for the first quarter are as follows:

  How much fixed overhead cost is included in ending finished

a company has incurred the following total costs for its very first month of operationsraw materials

  Corporate tax return problem

CORPORATE TAX RETURN PROBLEM

  Pinnini co uses a predetermined overhead rate based on

pinnini co. uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs.

  How is a transfer price determined describe the cost-based

how is a transfer price determined? describe the cost-based method. do you think it is better than the market-based

  Assume cash paid to suppliers for the current year is

assume cash paid to suppliers for the current year is 350000 merchandise inventory increased by 5000 during the year

  Reinvestment rate of each method

In what sense is a reinvestment rate assumption embodied in the NPV, IRR, and MIRR methods? What is the assumed reinvestment rate of each method?

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