Calculate the total amount of oats allowed for actual output

Assignment Help Accounting Basics
Reference no: EM132701361

Problem - Miel Company produces ready-to-cook oatmeal. Each carton of oatmeal requires 16 ounces of rolled oats per carton (the unit quantity standard) and 0.04 labor hour (the unit labor standard). During the year, 960,000 cartons of oatmeal were produced.

Required -

Calculate the total amount of oats allowed for the actual output.

Calculate the total amount of labor hours allowed for the actual output.

Reference no: EM132701361

Questions Cloud

Responding to security incident : You read this week regarding IT risks and privacy, discuss the importance of having a plan for responding to security incidents in healthcare.
How might task interdependence have influenced : How might task interdependence have influenced that conflict?
Training budget : Why do you think that education money or training money is one of the first line items to be reduced or eliminated
Complete the depreciation expense and book value schedules : Complete the Depreciation Expense, Accumulated Depreciation, Book Value schedules for 2017 and 2018 for each of the Straight Line Depreciation
Calculate the total amount of oats allowed for actual output : During the year, 960,000 cartons of oatmeal were produced. Calculate the total amount of oats allowed for the actual output
What would be the value of share holdings : TGIT Pizza is planning on acquiring TGIT Sausage, If you owned 180 shares of TGIT Sausage, what would be the value of your share holdings after the merger?
Creating disaster plan : While we expect our new EHR system to function effectively and meet the needs we have specified for the practice, disasters and contingencies can happen
What is the total transaction value of the merger : What is the total transaction value of the merger? TGIT Pizza is planning on acquiring TGIT Sausage in a pure share exchange merger.
How many shares will tgit pizza issue in exchange for tgit : How many shares will TGIT Pizza issue in exchange for TGIT Sausage's shares?

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