Proper per unit inventory price for product

Assignment Help Accounting Basics
Reference no: EM13145040

Given the acquisition cost of product Z is $32.00, the net realizable value for product Z is $29.00, the normal profit for product Z is $2.50, and the market value (replacement cost) for product Z is $30.00, what is the proper per unit inventory price for product Z?

Reference no: EM13145040

Questions Cloud

Explain design a car that works with photovoltaic panels : You are expected to design a car that works with photovoltaic panels. Assume that the driver is 75kg and the expected speed is 50km/hr.
What is present value of tax savings related to operating : Assume a tax rate of 40 percent and that current losses can be used to offset taxable income in future years. What is present value of tax savings related to the operating losses in years 1 and 2?
How much of the other reagent is left over : Consider the following reaction:   3CaCO3 + 2FePO4 = Ca3(PO4)2 + Fe2(CO3)3  a) which of the following reagents is the limiting reagent?
Impact the corporate culture-customer expectations : You are the CEO of Carpeteria, a successful carpet manufacturing company headquartered in Alabama. Carpeteria competes head-to-head with Interface, the Georgia carpet manufacturer that 5 years ago embraced corporate social responsibility and began a ..
Proper per unit inventory price for product : Given the acquisition cost of product Z is $32.00, the net realizable value for product Z is $29.00, the normal profit for product Z is $2.50, and the market value (replacement cost) for product Z is $30.00, what is the proper per unit inventory p..
State the formula for the test statistic : State the formula for the test statistic and show your decision rule using the 1 percent level of significance. (c) Carry out the test. Show your work. (d) What assumptions are required?
Describe hypertension including the factors : Describe the pathophysiology and consequences associated with varicose veins and chronic venous insufficiency, venous and arterial thrombus formation, aneurysms, embolisms, Buerger's disease, Raynaud's disease, arteriosclerosis, and atherosclerosi..
Determine the predetermined operating room : Determine the predetermined operating room overhead rate for the year. Gretchen Kelton had a 6-hour procedure on November 10. How much operating room overhead would be charged to her procedure, using the rate determined in part (a)?
What is the present value of the tax savings related : What is the present value of the tax savings related to depreciation of the equipment?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Are inquiry and observation by the auditor valid types

Are inquiry and observation by the auditor valid types of evidence and are they better or worst than say documentation provided by the client?

  James gain or loss on the sale

James receives a gift of rare books valued at $10,000. The books have an adjusted basis of $6,000 to the donor. Several months later, James sells the books to a professional collector for $9,000. What is James‘s gain or (loss) on the sale?

  Discuss the actions you would employ as a cpa to prevent

identify and evaluate the issues related to the internally created software for HouseRaising. Discuss the potential problems related to the capitalization of internally created software and the requirements for capitalization under GAAP.

  Transfer prices and divisional profits

A chair manufacturer has two divisions: framing and upholstering. The framing costs are $100 per chair and the upholstering costs are $200 per chair. What is the minimum transfer price for this company?

  Question on business continuity

Imagine you are the Director of Internal Audit and executive management has asked you to work with the Chief Information Officer to evaluate the security over Information Technology.

  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.

  What is joyce recognized gain or loss

Joyce's office building was destroyed in a fire (adjusted basis of $350,000; fair market value of $400,000). Of the insurance proceeds of $360,000 she receives.

  Partnerships sale of the land

During 2010, the partnership sold the land for $85,000 to an unrelated third party. What amount of gain from the partnership's sale of the land should be allocated to Beth?

  Percentage of the total joint costs

If the selling prices of finished products Y and Z remain constant, the percentage of the total joint costs allocated to product Y and product Z would

  Manufacturing cost and selling price

The tax rate in Sweden is 55%. There is an additional shipping charge of $50 per unit to ship the material to Sweden. Transfer prices must be set at U.S. manufacturing cost or the selling price in the U.S.

  Journal entry-floral arrangements for holidays and events

Adrian's flower show provides floral arrangements for holidays and events. Adrian's sold Oxford City Hall a holiday arrangement for $10,000 on account in November of the amount due within prescribed period.

  Approximate real rate of interest

If treasury bills are currently paying 7 percent and the inflation rate is 3.8 percent, what is the approximate real rate of interest? The exact real rate?

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