Determine how many of pounds of direct materials

Assignment Help Accounting Basics
Reference no: EM132837078

Problem - On January 1, Howard Corporation determined that its direct materials inventory needs to contain 4,000 pounds of materials by March 31. To achieve this goal, Howard will have to use three pounds of direct materials for every pound that it purchases during the upcoming quarter. On the basis of the company's budgeted sales volume, management estimates that 8,000 pounds of direct 7.14 materials need to be purchased by March 31. Determine how many of pounds of direct materials are currently in Howard's January 1 inventory.

Reference no: EM132837078

Questions Cloud

How much will be reported as cash and cash equivalents : How much will be reported as cash and cash equivalents at December 31, 2018? Currency and coin on hand amounted to P15,000.
Eliminate the barriers that prevent previously disadvantaged : How could the Namibia University of Science and Technology (NUST) ecosystem contribute to eliminate the barriers that prevent previously disadvantaged communiti
Nursing theories and advanced practice nursing : Write an essay on the relationship between Nursing Theories and Advanced Practice Nursing.
Develop a purchase portfolio analysis : You are the owner of a local sandwich , so you own a small business. Focusing on supply chain accountivities of a small business:
Determine how many of pounds of direct materials : On the basis of the company's budgeted sales volume, Determine how many of pounds of direct materials are currently in Howard's January 1 inventory
What is an accounting information system : What is an Accounting information system and how do an organization's business processes and lines of business affect d the design of its AIS?
Discuss the three types of restructuring strategies : Discuss the three types of restructuring strategies and provide real-word examples of instances when each has been used. Cite any sources used to support your a
How much should be reported as total current portions : Loan of P10M from BDO. The loan payment is P2M annually. How much should be reported as TOTAL current and non current portions of the loan?
Affordable Care Act : The Affordable Care Act (ACA) identifies requirements related to provider compliance with fraud, waste, and abuse laws that have been enacted to protect

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