How do you make a cost sheet

Assignment Help Cost Accounting
Reference no: EM132855663

Question - How do you make a cost sheet with the following information - A company is preparing to prepare its budget. This company produces an article for which it needs to consume 10 kg of raw material. The cost of each kilo of raw material is estimated at $ 2.00. It is planned to use 5 man hours in its preparation. The value of each hour is estimated at $ 3.00. The indirect raw material is budgeted at $ 20,000.00, while the indirect labor is budgeted at $ 30,000.00. The production budget is 150,000 units.

Reference no: EM132855663

Questions Cloud

SBM1107 HR and Communications in Projects Assignment : SBM1107 HR and Communications in Projects Assignment Help and Solution, Asia Pacific International College - Assessment Writing Service
What if interviewed a focus group : What if you interviewed a focus group? Would you choose conversation or interview guiding? Why or why not? What if you were searching for study subjects?
What is the standard error of the estimate : The Sum of Squared Errors (SSE) is 0.02 and there are 10 data points, what is the Standard Error of the Estimate (SEE) and what does it mean
What is the population of interest : A transportation researcher is funded to estimate the proportion of automobile tires with an unsafe tread thickness in a small northern state.
How do you make a cost sheet : How do you make a cost sheet with the following information - A company is preparing to prepare its budget
Describe the preservation and collection of the evidence : Identify additional types of physical evidence the team may have encountered at the crime scene and their significance. Describe the preservation and collection
Compute an independent-samples t test : Compute an independent-samples t test on these data. Report the values and the values assuming equal populations variances and not equal population variances.
Discuss utilitarianism and deontological ethics : Discuss the different categories of unethical police behavior and provide an example of each. How do these unethical actions impact the policing profession?
How much is the total asset of partnership upon formation : The building and the equipment has a mortgage of 50,000 and 35,000 respectively. How much is the total asset of the partnership upon formation

Reviews

Write a Review

Cost Accounting Questions & Answers

  How much is the cost of ending inventory for august

August 1 Inventory 800 units at P10. Using FIFO method of costing materials, how much is the cost of ending inventory for August?

  Find the cost per pound of each flour

Find the cost per pound of each flour. A baker received two orders of flours. The cost of the first order was $24.12 which included 4 pound

  Prepare a multiple-step income statement

Prepare a multiple-step income statement and a retained earnings statement. McGrath Co. has 275,000 shares of common stock outstanding

  Evaluate the equivalent units of production

Evaluate the equivalent units of production with respect to direct labor and evaluate the equivalent units of production with respect to direct materials.

  Problem 1leisure attire corporation discontinued princess

problem 1leisure attire corporation discontinued princess fashions its whole line of childrens clothing in november of

  Calculate the cost per activity for each activitycost pool

Calculate the cost per activity for each activitycost pool. Calculate the product cost per unit for FREDs and MARTHAs using Activity Based Costing.

  How many employees are likely to be located

How many employees are likely to be located within the MP3 value stream? Explain how the value stream costs of $1,800,000 were most likely assigned to the MP3 value stream.

  What are the variable costs per unit associated with product

The Singer Company manufactures several different products. Unit costs associated with Product ICT101 are as follows:? What are the variable costs per unit associated with Product ICT101?

  Provide your own definition of opportunity cost

Provide your own definition of "opportunity cost". Discuss what the opportunity cost of attending college is for you, noting that the concepts of opportunity costs and explicit monetary costs are not the same.

  James paul importers provides the following pension plan

james paul importers provides the following pension plan informationfair value of pension plan assets january 1

  Show and prepare cost of goods sold statement

Show and Prepare Cost of goods sold statement. Work in process inventory, April 1st 19A 41,200 Direct Labour 2,90,000 Indirect labour 46,000

  How to determine the present value index

The net present value has been computed for Proposals P and Q. Relevant data are as follows.

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