If 10000 pounds of direct materials are purchased for 9300

Assignment Help Accounting Basics

Reference no: EM13582614

1. If 10,000 pounds of direct materials are purchased for $9,300 on account and the standard cost is $.90 per pound, the journal entry to record the purchase is

What is a standard cost?

The amount management thinks should be incurred to produce a good or service
The total amount that appears on the budget for product costs
Any amount that appears on a budget
The total number of units times the budgeted amount expected

2.What is a standard cost?

The amount management thinks should be incurred to produce a good or service
The total amount that appears on the budget for product costs
Any amount that appears on a budget
The total number of units times the budgeted amount expected

Reference no: EM13582614

Questions Cloud

Hanson company is constructing a building construction : hanson company is constructing a building. construction began on february 1 and was completed on december 31.

Red runners work in process inventory account has a : red runners work in process inventory account has a beginning balance of 50000 and an ending balance of 40000. direct

Create a presentation that takes you 12 mins to 14 mins to : create a presentation that takes you 12 mins to 14 mins to explain the topic iskosher and halal versus genetically

Galvaset indutries manufactures and sells custom-made : activity-based costing versus traditional overhead allocation methods lo 9 galvaset indutries manufactures and sells

If 10000 pounds of direct materials are purchased for 9300 : 1. if 10000 pounds of direct materials are purchased for 9300 on account and the standard cost is .90 per pound the

Explain how probability is used in that situation identify : probability plays a crucial and important role in many things industries recreation etc. lets see how many we can think

Cnsider the following system of equations 1 4x3y3z-8 2 : consider the following system of equations 1 4x3y3z-8 2 2xyz-4 3 3x-2ym2-6zm-4. determine the values of m for which

How much may moe and mindy claim on their tax return as a : 1moe has a law practice and earns 322000 which he reports on his schedule c. his wife mindy works parttime at wal-mart

How to calculate the reactions on a beam with i angular : how to calculate the reactions on a beam with i angular point load at 10kn at 60 degrees and a url of 7knm. beam span

User Account

All Pages