User Account

All Pages

Calculate the material usage

Assignment Help Accounting Basics
Reference no: EM133088182

Question - Homemakers Ltd uses two kinds of material to make the kitchen cupboards, hardwood and plywood. The standard information for one unit of the material is as follows:

Hardwood

30 sq. ft at $4 per sq. ft.

$120

Plywood

60 sq. ft at $6 per sq. ft

$360

 

 

$480

In a particular period, 160 units of the cupboards were produced, using 3,000 sq. ft of hardwood and 4,380 sq. ft of plywood.

Required -

a) Calculate the material usage, mix and yield variances for each material.

b) Identify three standards and explain the impact they each have on employee behavior.

Reference no: EM133088182

Questions Cloud

What amount was the total stockholder equity reported : ABC had 1,000,000 authorized shares of its $0.01 par value common stock of which 200,000 were outstanding. What amount was the total stockholder equity reported
Outline the tax consequences of mr soppressata plan : The common shares of Salami Ltd., held by Mr. Soppressata, have a paid-up capital (PUC) value. Outline the tax consequences of Mr Soppressata plan
Evaluate information from multiple sources : Explain the requirements and processes involved in commercialising an industrial process and demonstrate the principles underpinning the use of catalysis
Prepare statement of cash flows using the indirect method : Profit was $32,262. Dividends declared and paid were $30,096. Prepare a statement of cash flows for 2021 using the indirect method
Calculate the material usage : In a particular period, 160 units of the cupboards were produced, using 3,000 sq. ft of hardwood and 4,380 sq. ft of plywood. Calculate the material usage
How would its gross margin be affected : Selling costs associated with the sawdust are $250 per ton sold. How would its gross margin be affected
What is the maximum price you would be willing to pay : If you require a YTM of 10 percent (5% semi-annually) on this investment, what is the maximum price you would be willing to pay for the bond
Prepare any journal entries required to be made : Prepare any journal entries required to be made by Kuda Autoparts Company at December 31, 2014
What are the key differences between debt and equity : What are the key differences between debt and equity? Discuss the need for comparative analysis. Identify the tools of financial statement analysis

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much income before income taxes hot fuss corp report

Hot Fuss leased the building to Sam's Town Company for $300,000 a year. How much income before income taxes will Hot Fuss Corp. report

  The debit or credit total is higher and by how much

Indicate whether the debit or credit total is higher and by how much.

  Make adjusting entries for the transactions

The office equipment depreciates by $150 each month. Insurance expires at the rate of $100 per month. Make adjusting entries for the given transactions

  How much is the sales tax

A2331 Final Exam- Practice Questions. If you pay for $25.00 for purchase which includes 11% sales tax. How much is the sales tax

  What does present value mean

Considering the concept of present value, if you were to win the lottery would you want to receive a lump sum payment or payments over time

  Corporation acquired equipment for 260000 the estimated

corporation acquired equipment for 260000. the estimated life of the equipment is 5 years or 40000 hours. the estimated

  The company issued to the stockholders 142000 rights ten

the stockholders equity section of martino inc. at the beginning of the current year appears below.common stock 10 par

  What is august journal entry for the estimated liability

Oak Park Appliances, Inc. sells food processors for $300 with a 120-day warranty against defects. What is August journal entry for the estimated liability

  Company a makes carpets a customer wants to place a special

company a makes carpets. a customer wants to place a special order for 1000 carpets in navy blue with the company logo

  Describe incentives management hasto misrepresent estimates

With the core value of integrity in mind, discuss controls and procedures companies can put in place to prevent misrepresentation of these estimates.

  What amount of gross profit would be recognized

If the company instead uses the cost recovery method, $690,000 in gross profit would be recognized in 2016. What amount of gross profit would be recognized

  In its first year of operations best corp had income before

in its first year of operations best corp. had income before tax of 460000. best made income tax payments totaling

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