User Account

All Pages

What is the variable standard cost per unit for materials

Assignment Help Accounting Basics
Reference no: EM132115549

Question - Niven Company has developed the following standards for one of its products:

Direct materials:

8 kg × $8.5 per kilogram

Direct labour:

3 hours × $13 per hour

The following activity occurred during the month of April:

Materials purchased:

5,000 kg costing $42,500

Materials used:

3,600 kg

Units produced:

500 units

Direct labour:

1,150 hours at $11.80 per hour

The company records materials price variances at the time of purchase. What is the variable standard cost per unit for materials and labour?

$38

$74

$98

$107

Reference no: EM132115549

Questions Cloud

Examples from the organisation apple inc : It has been argued that learning can be embodied in organisational 'routines' such as rules and roles.
Major american bank releases monetary payment : A major American bank releases a monetary payment to an exporter only after it receives documents confirming that a shipment has been received.
What were your expectation of this film prior to watching it : What were your expectations of this film prior to watching it? Based on your previous knowledge of the director, actors, genre; what were you expecting?
How new communication technologies have had an impact : In a world of social networking, Instagrams, Twitter, Pinterest, instant messaging, and Facebook, technology can help spread the word.
What is the variable standard cost per unit for materials : The company records materials price variances at the time of purchase. What is the variable standard cost per unit for materials and labour
Create an infographic using an infographic maker : Create an infographic using an infographic maker, such as Piktochart, Venngage, or Canva, displaying an organization chart showing the following.
Why would organizations skimp or try to cheap out on pay : Why would organizations “skimp” or try to “cheap out” on pay? So why do companies persist in trying to get employees cheaply?
How would you reward teamwork : What conditions need to be in place for teams to excel and why? Suggestion ways to design teamwork so that threats to performance is minimized.
Make decision about adding line of rustic furniture : As operations manager of Holz? Furniture, you must make a decision about adding a line of rustic furniture.

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