User Account

All Pages

How many kilograms were purchased

Assignment Help Cost Accounting
Reference no: EM133092420

Questions -

Q1. A quantity of a particular raw material was purchased for P43,250. The standard cost of the material was P2.00 per kilogram and there was an unfavorable materials price variance of P3,250. How many kilograms were purchased?

a. 20,000

b. 21,625

c. 23,250

d. 24,875

Q2. The following information relates to ARA Company for the 4th quarter of the current year: Actual Factory overhead, P178,500; FOH rate, P1.50; Budgeted fixed overhead, P110,000; Standard variable overhead rate, P0.50; Spending variance, P8,000 unfavorable; Volume variance, P5,000 favorable. What were the standard hours allowed for good output during the quarter?

a. 105,000

b. 106,667

c. 110,000

d. 115,000

Reference no: EM133092420

Questions Cloud

MSMENV272 Manage Self in the Engineering Environment : MSMENV272 Manage Self in the Engineering Environment Assignment Help and Solution, RMIT University - Assessment Writing Service
Environmental impact by recycling : You and your roommate decide to reduce your environmental impact by recycling more, going paper less and using environmentally safe cleaning products. You know
Which would you prefer to own and why : The basic earnings per share of Bullock, Inc. and Fitzgerald Company were $3.80 and $10.25, Which would you prefer to own and why
What is the objective in organization development : The classic view of the OD practitioner is the human process consultant or "facilitator." The facilitator is a neutral third party who, according to classic OD,
How many kilograms were purchased : The standard cost of the material was P2.00 per kilogram and there was an unfavorable materials price variance of P3,250. How many kilograms were purchased
History in the time of william shakespeare : 1. Given the close interconnection of religion and politics in 16th-century England, consider the political and constitutional aspects of Henry VIII's religious
Nature and applications of artificial neural networks : Discuss the nature and applications of Artificial Neural Networks (ANN) in reference to an APA-cited, peer-reviewed source.
Calculate the price-to-sales ratio : In September 2003, IBM traded at $89 per share with a total market capitalization of its equity of $153.97 billion. Calculate the price-to-sales ratio
Calculate the amount of cash provided by or used : During the same year, cash was paid out to purchase inventory for $335,000, Calculate the amount of cash provided by or used

Reviews

Write a Review

Cost Accounting Questions & Answers

  What amount should riki present for goodwill

What amount should Riki present for goodwill in its statement of financial position at December 31, 2011, according to IFRS3 Business combinations

  What is the amount of total assets at the end of July

During the month of July, stockholders' equity increased by $24,000 and liabilities decreased by $10,000. What is the amount of total assets at the end of July

  What are the warranty expense balances for 2014 and 2015

Merritt Equipment Company sells computers for $1,790 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. During 2014, the company sold 850 computers.

  Compute bids for deluxe and regular pillows on a total-order

Compute the bids for deluxe and regular pillows on a total-order basis. When required round answers to the nearest cent Regular $ Deluxe $.

  How would the break-even in units and dollars change

How would the break-even in units and dollars change if she doesn't increase the selling price and if she does increase the selling price?

  Examine a case using gregs tunes and another company

Neither business kept complete accounting records and neither business paid out dividends. Moore and Siegman throw together the data at year end - Let's examine a case using Greg's Tunes and another company, Sal's Silly Songs

  How merchandise will be treated on financial statements

Explain how the merchandise will be treated on any of the financial statements at year-end. In which year will revenue from the sale be recorded?

  What is the projected operating income

Fixed costs 5,500 Operating income $ 9,000 sales reduce to half of the amount in the next month, what is the projected operating income

  What are the journal entries for dec 31 portion

The Mchenry company purchased a truck for 54,000 on Jan 4, 2010. Paid $275.00 in Feb for oil change Dec 31 record the depreciation on the truck for the fisical year. The estimated useful life of the truck is 8 years witha residual value of $12,000..

  Comment on the type of budget variance

Make sure to comment on the type of budget variance (favorable or unfavorable) and explain your reasoning for this variance to occur

  What is the contribution margin per unit and ratio

The accountant has provided Tupac with the following data to prepare next year's campaign. What is the contribution margin per unit and ratio for 2022

  What the production costs backflushed to finished goods

What the production costs backflushed to finished goods during January is? Ethel Company manufactures electric motors for electric fans.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd