What is the inspection cost per unit

Assignment Help Accounting Basics
Reference no: EM132794625

Question - Monticello Corp manufactures expensive tables. Its varnishing department is fully automated and requires substantial inspection to keep the machines operating properly. An improperly varnished table is very expensive to correct. Inspection hours for the 5,000 tables varnished in September totaled 1,500 hours by 8 employees. Eight quarts of varnish were used, on average, for each table. The standard amount of varnish per table is nine quarts. The cost of inspection for September equaled $40,000. What is the inspection cost per unit?

Reference no: EM132794625

Questions Cloud

What amount should be reported as retained earnings on dec : On January 1, 2020, entity sold 20,000 additional shares, The income tax rate is 30%. What amount should be reported as retained earnings on December 31, 2020?
What is the distribution of dividends in year three : Booyah Party Supplies, Inc. outstanding stock consists of 80,000 shares of cumulative 7.5% Preferred Stock, What is the distribution of dividends in year three
What is meant by binding constraint : What is meant by binding constraint? What information does it provide to a manager about a production process?
Formulate the linear programming model for problem : A company assembles Tractor Model X and Tractor Model Y in Assembly plant at Windsor (Ontario), and Winnipeg (Manitoba) respectively. Model produced in Winnipe
What is the inspection cost per unit : The standard amount of varnish per table is nine quarts. The cost of inspection for September equaled $40,000. What is the inspection cost per unit
What is the share capital available for subscription : What is the share capital available for subscription? Ordinary share capital(authorized 100,000 shares, no par value,issued 90,000 shares, P15 stated value)
Why do we need replication in an experiment : Q1: Suppose that you want to make brownies. You plan to use a brownie mix, but there are a number of factors that could impact the results.
What is the adjusting journal entry on Dec : On Jan. 1, 2009, Banana Inc. received a 3-year, 5%-interest P3,000,000 note for a loan provided to its officer. What is the adjusting journal entry on Dec
What is the total issued share capital : What is the total issued share capital? Ordinary share capital(authorized 100,000 shares, no par value,issued 90,000 shares, P15 stated value) 1,350,000

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.

  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!

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