Sale of wastage resulted in proceeds

Assignment Help Managerial Accounting
Reference no: EM132438327

In a chemical works, 1000 tonnes of a chemical , at cost of £540 a tonne was used the expected wastage was %10 of the physical volume introduced into the process . The sale of this wastage resulted in proceeds of £36000. What was the cost per tonnes the end of product from process select one £540 or £500 or £504 or £560.

Reference no: EM132438327

Questions Cloud

Why do you want to major in psychology : Why do you want to major in psychology? From chapter 2, pick a skill or ability that you want to develop and describe why it is important to you.
Activity based costing approach : What are the set -up costs to be allocated to products A1 and A2 using an activity based costing approach?
How much dividend income should lawrence report : The accumulated earnings and profits of Poncho Corp. at the beginning of the year are a deficit of $20,000. How much dividend income should lawrence report
Describe the specific job responsibilities : Students will research a career specialization and a professional organization in the field of psychology and complete the following assignment.
Sale of wastage resulted in proceeds : The sale of this wastage resulted in proceeds of £36000. What was the cost per tonnes the end of product from process select one £540 or £500 or £504 or £560.
What is the maximum it can pay an outside vendor : If University Printers outsources the Personnel Department functions, what is the maximum it can pay an outside vendor without increasing total costs?
Preparing a client tax return : Suppose the preparer discovers that he or she made an error in preparing a client's tax return, and the client refuses to correct the error
What amount of goodwill will be reported : Plummet Corporation reported the book value of its net assets at $400,000 when Zenith Corporation acquired 100 percent ownership.
Discuss current issues specific to death and dying : Discuss in 250-300 words the importance of preparing the necessary documents related to current issues specific to death and dying. Consider the following.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Discuss problems in implement a balanced scorecard

Write an essay that addresses the question - What problems do you think the company might encounter in trying to implement a balanced scorecard

  Calculate the activity rate for each cost pool

Calculate the activity rate for each cost pool - Calculate the activity-based unit cost of the smart phone case.

  Based on the balance in retained earnings

Based on the balance in retained earnings, which of the two dividend plans is more restrictive on future cash dividends?

  Accountant records the transaction

at Cadmia service , the cashier collects checks and cash from customer and the junior accountant records the transaction the journal entries and bank reconciliatins.the treasurer signs check and approves contract.

  Considered different allocation methods

1.In the previous chapters, we considered different allocation methods and considered which one might be "better."

  Explain the four step process used to compute

Explain the four-step process used to compute a predetermined overhead rate.

  How many units of the factor can a firm acquire

How do I compute or approach this given the factor is constant at a value $48, how many units of the factor can a firm acquire?

  Information on the company production activities

Prescott Company's predetermined overhead rate is 200% of direct labor. Information on the company's production activities during September 2013 follows.

  Us budget deficits foreign financed

Describe the relationship between the trade deficit and financing of the U.S. budget deficit by foreign countries. Is this the potentially dangerous situation?

  How do you expect that the strike will impact the company

how do you expect that the strike will impact the company's wage expense? What standard cost variances might be impacted by this event

  Assume in addition to the supply curve shifting

Assume in addition to the supply curve shifting, the demand curve shifts to Qd = 484  38PWhat happens to equilibrium price and output?

  Discuss the importance of capacity planning in deciding

Discuss the importance of capacity planning in deciding on the number of police officers or fire trucks to have on duty at a given time.

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