One of the products of hearts amp flowers is a one-pound

Assignment Help Accounting Basics
Reference no: EM13606794

One of the products of Hearts & Flowers is a one-pound box of chocolate candy, packaged in a box bearing the customer's logo (minimum order, 100 boxes). The standard cost of the chocolate candy used is $2 per pound. During November, 20,000 of these one-pound boxes were produced, requiring 20,800 pounds of chocolate candy at a total direct materials cost of $42,640. Determine the materials price and quantity variances for November with respect to the candy used in producing this product.

Reference no: EM13606794

Questions Cloud

A popular product of lording glassworks is a hand-decorated : a popular product of lording glassworks is a hand-decorated vase. the companys standard cost system calls for 0.75
A major-league pitcher can throw a ball in excess of 407 : a major-league pitcher can throw a ball in excess of 40.7 ms. if a ball is thrown horizontally at this speed how much
The valve connecting the tanks is opened and the gas : two tanks containing air are connected via a valve. the first tank is 0.5 m3 and contains air at t 25 oc and p 500
If a gain of 6019 is incurred in selling for cash office : if a gain of 6019 is incurred in selling for cash office equipment having a book value of 58187 find the total amount
One of the products of hearts amp flowers is a one-pound : one of the products of hearts amp flowers is a one-pound box of chocolate candy packaged in a box bearing the customers
A lead wire of cross-sectional area 0980 mm2 is at a : a lead wire of cross-sectional area 0.980 mm2 is at a temperature of 2.00 k and carries a current of 0.490 a. a find
A corporation issues 82000 8 5-year bonds on january 1 2011 : a corporation issues 82000 8 5-year bonds on january 1 2011 for 85690. interest is paid semiannually on january 1 and
Chipper division of acme corp sells 80000 units of part : chipper division of acme corp. sells 80000 units of part z-25 to the outside market. part z-25 sells for 40 has a
O january 1 2011 937000 5-year 10 bonds were issued for : on january 1 2011 937000 5-year 10 bonds were issued for 908890. interest is paid semiannually on january 1 and july 1.

Reviews

Write a Review

Accounting Basics Questions & Answers

  When the auditor is unable to obtain sufficient

When the auditor is unable to obtain sufficient, competent evidence concerning the beginning inventory, which is material, the report is modified by adding an explanatory paragraph prior to the opinion paragraph and appropriate modification to the..

  Computing budgeted cost of merchandise purchases

Brill Company's July sales budget calls for sales of $800,000. The store expects to begin July with $30,000 of inventory and to end the month with $35,000 of inventory. Gross margin is typically 40% of sales. Determine the budgeted cost of merchan..

  One of the operations in the united states postal service

one of the operations in the united states postal service is a mechanical mail sorting operation. in this operation

  Determine number of new customer accounts

Determine the number of new customer accounts needed tobreak even on the cost of the promotional campaign. In formingyour answer, (1) treat the cost of mailing the disk as a fixedcost, and (2) treat the revenue less variable cost per account forth..

  Trade-in allowance on the purchase

The old used truck cost $4,800 and on March 31, the end of the quarter, had depreciated $3,180 straight-line depreciation on the old truck is $80 per month. The new truck listed for $ 18,950 and wumbaugh Auto Sales allowed a $2,825 trade-in allowa..

  Lark art company sells unfinished wooden decorations at a

lark art company sells unfinished wooden decorations at a price of 15.00. the current profit margin is 5.00 per

  Prepare a monthly cash budget showing estimated cash

a company is negotiating with the bank for a 200000 90 day12 loan effective july 1 of the current year. if the

  Georges grandmother promises to give him 3000 at the end

georges grandmother promises to give him 3000 at the end of three years and 4000 at the end of four years. how much is

  Inventory management-order quantity for service level

Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period is 10 days and the lead time is 6 days. At the time of review there are 50 units in stock.

  Shelby and mortonson formed a partnership with capital

shelby and mortonson formed a partnership with capital contributions of 300000 and 400000 respectively. their

  Analytical procedures for the sales

How are the tests of controls, substantive tests of transactions, and analytical procedures for the sales and collection cycle, payroll and personnel cycle, and acquisition and payment cycle similar? How do the cycles differ?

  Net revenue approach to revenue recongnition

Explain the net revenue approach to revenue recongnition employed in general fund and special revenue fund (and other governmental fund) accounting and reporting, including why it is used.

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