User Account

All Pages

Compute kimm total standard cost per unit

Assignment Help Accounting Basics
Reference no: EM132019842

Question - Kimm Company has gathered the information shown below about its product.

Direct materials. Each unit of product contains 3.10 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 0.70 pounds. Materials cost $2 per pound, but Kimm always takes the 3.87% cash discount all of its suppliers offer. Freight costs average $0.31 per pound.

Direct labor. Each unit requires 1.50 hours of labor. Setup, cleanup, and downtime average 0.10 hours per unit. The average hourly pay rate of Kimm's employees is $11.60. Payroll taxes and fringe benefits are an additional $2.70 per hour.

Manufacturing overhead. Overhead is applied at a rate of $5.10 per direct labor hour.

Compute Kimm's total standard cost per unit?

Reference no: EM132019842

Questions Cloud

What was the occasion for monroes articulation of this : What reasons were used by Monroe to justify this foreign policy pronouncement, and how do they relate to arguments made during the revolutionary?
Calculate the amount of material cost and labor cost : Calculate the amount of material cost, labor cost, and overhead cost in beginning Work in Process inventory
Calculate the profitability of the johnson brands account : In addition to these costs, product costs amount to 85 percent of sales. Required - Calculate the profitability of the Johnson Brands account
How slavery affected southern society : What does this account reveal about the nature of slavery and how slavery affected southern society?
Compute kimm total standard cost per unit : Manufacturing overhead. Overhead is applied at a rate of $5.10 per direct labor hour. Compute Kimm's total standard cost per unit
Explain how this area represents african american complex : Write an essay that explains how this area represents African American complex heritage as being a part of two worlds ("Negro" and "American").
Calculate the gross lease receivables account balance : Kern appropriately recorded the lease as a direct financing lease. At the inception of the lease, the gross lease receivables account balance should be
What did the president hope to gain : What did the President hope to gain? What were the limitations of the Proclamation, and what was its larger historical significance?
What is the main action of the play : What is the main action of the play? What is its theme? Why perform this play now? What about it seems relevant to today? According to the script, where are we?

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: +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