Find prime costs

Assignment Help Accounting Basics
Reference no: EM132566906

Question - NM Company estimated the following costs for the coming month:

Variable overhead to direct labor ratio 60%

Fixed overhead costs $10,000

Direct material to total costs ratio 20%

Estimated total costs $100,000

Required - Find prime costs.

Reference no: EM132566906

Questions Cloud

Outline the six stages of the typical capital expenditure : OUTLINE THE SIX STAGES OF THE TYPICAL CAPITAL EXPENDITURE PROCESS AND EXPLAIN THE LIKELY ROLE OF THE MANAGEMENT ACCOUNTANT
Reoviruses contain genomes that are unique in all of biology : Reoviruses contain genomes that are unique in all of biology. Why? Why can't reovirus replication occur in the host cytoplasm? Contrast reovirus genomic replica
Hypothesis proposes that terrestrial plants : One hypothesis proposes that terrestrial plants could not have evolved from aquatic ancestors until fungi had colonised the land.
How to compute roi using net book value and gross book : How to Compute ROI, using net book value and gross book value for each year. (Enter your answers as a percentage rounded to 1 decimal place)
Find prime costs : NM Company estimated the following costs for the coming month: Fixed overhead costs $10,000. Find prime costs
Discuss two psychrotrophic organisms : Discuss two psychrotrophic organisms: one an organism that causes infection and intoxication, the other an organism that is able to cross the placental barrier
Discuss the extrinsic factors of food involved : Discuss the extrinsic factors of food involved in preservation of food and give one example for each of the factors mentioned.
What was profit or loss on each speaker at the sale price : What was the profit or loss on each speaker at the sale price? What was Wing's cost for each speaker? What was the rate of markdown for the sale?
Nutrients across the cell membrane and into the cell : Bacteria need to be able to move nutrients across the cell membrane and into the cell in order to use them in basic metabolic reactions. Name the three major pr

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journalize the appropriate entry

On July 10, 201X, Becker Corporation issued 2, 200 shares of common stock with a par value of $104 in exchange for equipment. Journalize the appropriate entry.

  Calculate the depletion of the timber tract

Calculate the 2018 depletion of the timber tract and depreciation of the logging roads assuming the units-of-production method is used for both assets

  Use incremental revenue and incremental costs to compute

company a is scheduled to produce 40000 units and have thecapacity to produce 55000 units. budgeted cost for

  Annual interst periods interest to be paid interest expense

wempe co. sold 3197000 8 10-year bonds on january 1 2014. the bonds were dated january 1 2014 and pay interest on

  Determine about the publicly traded companys code of ethics

Determine about the publicly traded companys Code of Ethics,Does the company appear to be able to pay its current obligations? How can you tell?

  A bond has a par value of 1000 pays 50 semiannually and has

a bond has a par value of 1000 pays 50 semiannually and has a maturity of 10 years. if the bond earns 12 per year what

  Two population proportions

Two binomial population proportions are suspected to be approximately 0.3, but they are unknown precisely. Using these as initial estimates, it is desired to con- duct a study to determine the difference between these two population proportions.

  What are the old and new break-even sales

If fixed costs are $240,000, the unit selling price is $32, and the unit variable costs are $20, what are the old and new break-even sales (units) if the unit selling price increases by $4?

  Carolina mills purchased 270000 in supplies this year the

carolina mills purchased 270000 in supplies this year. the supplies account increased by 10000 during the year to an

  Calculate the total equivalent units

Calculate the TOTAL (i.e. including both completed and closing WIP) equivalent units for this month IN RELATION TO CONVERSION

  Classify each cost as variable, fixed or mixed

Helena Company reports the following total costs at two levels of production. Classify each cost as variable, fixed, or mixed.

  Hot dawgs inc has 3 managers that work in shifts throughout

hot dawgs inc. has 3 managers that work in shifts throughout the day and night. the company also employs 4 cooks and 2

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