User Account

All Pages

Tooltime has a standard of 15 pounds of materials per unit

Assignment Help Accounting Basics
Reference no: EM13599384

ToolTime has a standard of 1.5 pounds of materials per unit, at $2 per pound. In producing 2,000 units, ToolTime used 3,100 pounds of materials at a total cost of $6,045. ToolTime's materials price variance is?

Reference no: EM13599384

Questions Cloud

Belgrade lakes properties is developing a golf course : belgrade lakes properties is developing a golf course subdivision that includes 225 home lots 100 lots are golf course
A dairy allocates the cost of unprocessed milk to the : a dairy allocates the cost of unprocessed milk to the production of milk cream butter and cheese. for the current
Manufacturer of heavy grade fabric uniforms for use in fire : manufacturer of heavy grade fabric uniforms for use in fire service law enforcement and extensive military
Discuss why it is necessary for accountants to assume that : discuss why it is necessary for accountants to assume that an economic entity will remain a going concern. if an entity
Tooltime has a standard of 15 pounds of materials per unit : tooltime has a standard of 1.5 pounds of materials per unit at 2 per pound. in producing 2000 units tooltime used 3100
There are two types of current liabilities that must be : there are two types of current liabilities that must be estimated. describe them and explain why they must be
Minium required rate of return of 10 and is considering in : 1 fixed cost are 800000 and the verable cost are 75 of unit selling price what is the break even point.2 minium
Belgrade lakes properties is developing a golf course : belgrade lakes properties is developing a golf course subdivision that includes 225 home lots 100 lots are golf course
The following information is taken from the production : the following information is taken from the production budget for the first quarterbeginning inventory in units

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the single equivalent discount

What is the single equivalent discount and what is the net cost to the company

  Management is often faced with the alternative of

management is often faced with the alternative of continuing to make a product or component internally or going to an

  Xeller company makes electronic keyboards the practice

xeller company makes electronic keyboards. the practice model price is 220 and variable expenses are 190. the deluxe

  Assume the same facts as parta except that the warrants had

on may 31 2007 core company issued 1000 14 10-year 1000bonds at 105. each bond was issued with one detachable stock

  Prepare journal entries to correct these errors ignore

kris inc discovered the followingerrors after the 2008 financial statements were issueda. a major supplier shipped

  Lawrence owns a small candy store that sells one type of

lawrence owns a small candy store that sells one type of candy. his beginning inventory of candy was made up of 10000

  What was net income-retained earnings

Assuming the only changes in retained earnings in 2009 were for net income and a $25,000 dividend, what was net income for 2009?

  1 haywood company sells a single product with a

1. haywood company sells a single product with a contribution margin of 5 per unit fixed costs of 74400 and sales for

  Sales totaled 1775500 variable selling expenses totaled

carr company produces a single product.during the past year carr manufactured 38000 units and sold 26500

  How much cost is acceptable to incur in order to test

What's the difference between random error resulting from manual processing and systematic error resulting from IT processing?

  During febuary the production department of a process

during febuary the production department of a process manufacturing system completed a number of units of a porduct and

  Westan corporation uses a predetermined overhead rate of

westan corporation uses a predetermined overhead rate of 22.90 per direct labor-hour. this predetermined rate was based

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