Calculate the actual quantity of materials cisco used

Assignment Help Financial Accounting
Reference no: EM132893520

Question 1: During June, Cisco Company produced 12,000 chainsaw blades. The standard quantity of material allowed per unit was 1.5 pounds of steel per blade at a standard cost of Php8 per pound. Cisco determined that it had a favorable materials usage variance of Php1,000 for June. Calculate the actual quantity of materials Cisco used.

a. 17,875 pounds

b. 12,125 pounds

c. 11,875 pounds

d. 18,125 pounds

Reference no: EM132893520

Questions Cloud

How much is the direct labor efficiency variance : The company used 25,000 direct labor hours and actual total direct labor costs were Php375,000. How much is the direct labor efficiency variance?
What the actual quantity of materials used must have been : If there was a favorable usage variance of Php25,000 for September, what the actual quantity of materials used must have been
What is agricultural runoff : What is agricultural runoff? Provide two examples of how farmers can prevent it.
Future genetic diseases : If genes probes ,profiling and mapping could make it possible for you to know of future genetic diseases.
Calculate the actual quantity of materials cisco used : Cisco determined that it had a favorable materials usage variance of Php1,000 for June. Calculate the actual quantity of materials Cisco used.
How much is the direct materials efficiency variance : How much is the direct materials efficiency variance? Direct materials standard (5 pounds @ Php1/lb.) = Php5 per finished good.
Role gene expression : What is DNA Ligase and what is its role in gene expression
What is the value of maines ending inventory : What is the value of Maines's ending inventory using the variable costing method? Variable selling and admin. costs per unit = 6.
What would the estimate of total utilities cost be : The utilities cost was a mixed cost and the fixed portion was Php50,000. What would the estimate of total utilities cost be at an output level of 40,000 units?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What would be hopes finished goods inventory cost

What would be Hope's finished goods inventory cost under the variable (direct) costing method at December 31, 2015 and what would Hope's operating income be under the absorption costing method?

  Determine what is the amount of the liability that polk

Determine What is the amount of the liability that Polk should report on its December 31, 2015 statement of financial position.?

  Evaluate the accounting treatment for intangible assets

Evaluate the accounting treatment for intangible assets (other than goodwill) and contingent liabilities within consolidated financial statements

  The annuity is included in alans gross estate-taxable estate

LO.6, 7 In 2000, Alan purchases a commercial single premium annuity. Under the terms of the policy, Alan is to receive $120,000 annually for life. If Alan predeceases his wife, Katelyn, she is to receive $60,000 annually for life. Alan dies first at ..

  Compute the interest income for def company

The present value of 1 at 10% for three periods is 0.75 and the present value of annuity of 1 at 10% for three periods is 2.4869. Compute the interest income

  Startup expenditure deduction

Martha begins the business on July 1 of the current year. If Marth elects \SS195 trearment, determine her startup expenditure deduction for the current year.

  What is the function of bank capital

What is (are) the function(s) of bank capital? What are the advantages and disadvantages of using financial leverage? Answer the last question from both the banker’s point of view and the bank regulator’s point of view. Calculate and show the three (..

  Calculate the share price of bravos after the levered

Capital of 12% and a marginal corporate tax rate of 20%. Using the APV method, calculate the share price of Bravos after the levered recapitalization.

  What are the types of social accounting

BUACC5934 FINANCIAL ACCOUNTING ASSIGNMENT. Social and environmental reporting issues. What are the types of social accounting

  On january 2 2007 picard enterprises issued 2400000 of 8

on january 2 2007 picard enterprises issued 2400000 of 8 percent 15 year semi-annual coupon bonds to yield 7.5

  Journalize the entries to record the selected equity

Journalize the entries to record the following selected equity investment transactions completed by Perry Company during the current year.

  Debate about a national health care plan

Burt is the custodian at Quaker Inn, an S corporation that has paid him bonuses over the years in the form of shares in the corporation. Burt now holds 276 shares in Quaker Inn.

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