How many units were produced

Assignment Help Managerial Accounting
Reference no: EM132953669

Problem - Cooper Company has a direct materials standard of 2 gallons of input at a cost of $10.50 per gallon. During July, Cooper Company purchased and used 6,600 gallons, paying $46,700. The direct materials quantity variance was $1,260 unfavorable. How many units were produced?

Reference no: EM132953669

Questions Cloud

Calculate the weighted average cost of capital : Calculate the weighted average cost of capital (WACC) based on the following information: the capital structure weights are 50% debt and 50% equity; the interes
Find the cost of the land to be reported on balance sheet : Legal fees paid were $2,340, delinquent taxes assumed were $11,200, Determine the cost of the land to be reported on the balance sheet.
What is the payback period : The cost savings from the equipment would result in an annual increase in net income after tax of $167,000. What is the payback period
Steeper indifference curve for the utility function : Answer whether you agree to each of the following statements and explain your argument.
How many units were produced : Cooper Company purchased and used 6,600 gallons, paying $46,700. The direct materials quantity variance was $1,260 unfavorable. How many units were produced
Should be investing in the ipo at the onset : Should you be investing in the IPO at the onset, later, or not at all? Why? Justify your response. Discuss the timing and initial returns of IPO's.
Discuss the translation process that will occur : Discuss the translation process that will occur so that these subsidiaries can be included in the consolidated financial statements of Wesfarmers Ltd.
What is the purpose of translating financial statements : What is the purpose of translating financial statements from one currency to another? What is meant by 'functional currency'? What is meant by 'presentation'
Make the necessary journal entries to correct transactions : Prepare the necessary journal entries to correct the above transactions as of December 31 2021 assuming the books are still open.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute predetermined overhead rate under current method

Compute the predetermined overhead rate under the current method of allocation and determine the unit product cost of each product for the current year.

  Explain the specific roles of contemporary accountants

Explain the specific roles of contemporary accountants in both sectors towards sustainability. The adverse effects of climate change and sea level rise

  Solve the dollar sales needed to attain a target profit

Lin Corporation has a single product whose selling price is $120, Calculate the dollar sales needed to attain a target profit of $15,000.

  Find what is margin related to year investment opportunity

This year, the company has a $300,000 investment opportunity with cost. What is the margin related to this year's investment opportunity?

  Calculate the total variance for aluminum for the month

Krumple Inc. produces aluminum cans. There are no beginning or ending inventories of aluminum. Calculate the total variance for aluminum for the month of April.

  Analyse the practical use of management accounting systems

Critically evaluate two journal articles to analyse the practical use of management accounting systems by contemporary companies, in terms of their relevance.

  Find perpetual fifo cost of goods sold

Find perpetual FIFO cost of goods sold and cost of ending inventory. Find perpetual LIFO cost of goods sold and cost of ending inventory.

  Find what internal rate of return of investment is closest

What the internal rate of return of the investment is closest to? Assume cash flows occur uniformly throughout a year except for the initial investment.

  What factors you consider when you give the CEO your answer

Your products are very popular and in high demand. What factors would you consider when you give the CEO your answer

  What are the equivalent units of production for materials

The Wrapping Department's output during the period consists, Under the FIFO method, what are the equivalent units of production for materials?

  Just in time production systems seek to reduce the amount

Just in time production systems seek to reduce the amount of material, work in process, and finished goods inventory.

  How do prepare the journal entries to record the labour cost

How do prepare the journal entries to record the labour costs for the period? What were labor variances for the month? Actual output 900 units

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