Flying high company manufactures model airplanes during the

Assignment Help Accounting Basics
Reference no: EM13480662

Flying High Company manufactures model airplanes. During the month, it manufactured 10,000 airplanes. Each one used an average of 6.5 direct labor hours and an average of 1.5 sheets of aluminum. It normally manufactures 7,500 airplanes. Materials and labor standards for making the airplanes are:

Direct Material (1 Sheet of aluminum @ $10.00) $10.00

Direct Materials (Other accessories @ $8.75) 8.75

Direct Labor (6 hours @ $7.00) 42.00

1) Compute the standard hours allowed for a volume of 10,000 airplanes.

A. 420,000 HRS

B. 60,000 HRS

C. 65,000 HRS

D. 70,000 HRS

Show Work.

2. Compute the standard number of sheets of aluminum allowed for a volume of 10,000 airplanes.

A. 10,000 Sheets .A

B. 7,500 Sheets .B

C. 11,250 Sheets .C

D. 15,000 Sheets .D Show work.

Reference no: EM13480662

Questions Cloud

Guay corp a start up company provided services that were : guay corp a start up company provided services that were acceptable to its customers and billed those customers for
Vantage company issued bonds with a 500000 face value and a : vantage company issued bonds with a 500000 face value and a 6 stated rate of interest on january 1 2013. the bonds
What is the material price variance favorable or : mcdaniel company manufactures 100-pound bags of fertilizer that have the following unit standard costs for direct
Enterprise software platforms are designed to simplify : the assignment specification and marking criteriaenterprise software platforms are designed to simplify complex
Flying high company manufactures model airplanes during the : flying high company manufactures model airplanes. during the month it manufactured 10000 airplanes. each one used an
After reviewing the three videoslisted above prepare a : memorandum regarding negotiations with japanese and chinese companiesconsiderations when negotiating business with
Application of artificial intelligence what are application : what are application of artificial intelligence in different fields and also explain it? ltbrgtwhat are application of
In a reflection of 450-600 words explain how you see : in a reflection of 450-600 words explain how you see yourself fitting into the following iom future of nursing
Application of artificial intelligence what are application : what are application of artificial intelligence in different fields and also explain it? ltbrgtwhat are application of

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