Compute the amount of direct materials used

Assignment Help Accounting Basics
Reference no: EM132784132

JHS Inc. has reported the following data:

Purchases of Raw Material $5,400
Freight In 150
Property Tax 950
Ending Inventory of Raw Materials 1,700
Beginning Inventory of Raw Materials 3,500

Problem 1: Assuming that all materials used are direct materials, compute the amount of direct materials used.

a. $7,350

b. $7,200

c. $8,300

d. $7,500

Reference no: EM132784132

Questions Cloud

What the equation which reflects a cvp income statement is : What the equation which reflects a CVP income statement is? Sales = Cost of goods sold + Operating expenses + Net income.
Organizational metaphors and different types of leadership : Discuss the advantages and disadvantages of the link between organizational metaphors and different types of leadership.
Provide an overview of the importance of retention : -Provide an overview of the importance of retention -Identify and explain 3 costs associated with turnover
By what amount will the entry to record : Jake only prepares AJEs every December 31. By what amount will the entry to record the 07-01-14 conversion increase Jake's additional paid-in-capital
Compute the amount of direct materials used : Assuming that all materials used are direct materials, compute the amount of direct materials used. Beginning Inventory of Raw Materials 3,500
What is the cost per hub cap under absorption costing : Gyro produces 100,000 hub caps per year. 80,000 hub caps were sold this year. What is the cost per hub cap under absorption costing
Create toxicity in the workplace : What should be done about managers who create toxicity in the workplace while being rewarded because they achieve bottom-line results?
What plano company cost of goods sold for the year is : What Plano Company's cost of goods sold for the year is? ending work in process inventory, $220,000; and ending finished goods inventory, $574,000.
Explain compensating differentials theory : 1. Explain Compensating Differentials Theory (answer comprehensively but as briefly as possible)

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