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

  Level of market concentration in the industry

Consider the following questions: What are the main companies in the industry? What is the level of market concentration in the industry? To what extent are the products/services from this industry homogenous?

  The risk-free rate is 3 the market return is 10 the return

an analyst has modeled the stock of a company using a fama-french three-factor model. the risk-free rate is 3 the

  Steve pratt who is single purchased a home in spokane

steve pratt who is single purchased a home in spokane washington for 347500. he moved into the home on february 1 of

  Compute the annual depreciation expense

Compute the annual depreciation expense throughout the five years of the equipment under each of the Straight-Line methods of depreciation

  Te 2006 budget for gates and company includes 10000000for

1. memphis corporation has a cash balance of 200000.00 on112008. the companys sales budget for the year was500000.00.

  Classification of acquisition and other asset costs

During December 2010 costs of $89,000 were incurred to improve leased office space. The related lease will terminate on December 31, 2012, and is not expected to be renewed.

  Budgetary journal entries for a capital project

Watson Township plans to build an auditorium. The plans were drawn for $100,000 by an architect who will complete the plans and bill the city after the bonds.

  Explain why overhead cost shifted from high-volume product

Explain why overhead cost shifted from the high-volume product to the low-volume product under activity based costing

  Discuss tp as support for tp''s deduction

The case cannot be used by TP as support for TP's deduction because the case was decided one year before TRA of 1986

  How much direct labour cost was incurred during may

The One Stop Print Shop has used the same overhead rate on all jobs. How much direct labour cost was incurred during May

  Laser tex inc manufactures low-end computer components

laser tex inc. manufactures low-end computer components within arelevant range of 100000 to 140000 disks per year.

  Record all entries associated with shelton purchase

Record all entries associated with Shelton's purchase of the inventory. For a compound transaction, if an amount box does not require an entry

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