Standard direct material cost for cloth

Assignment Help Accounting Basics
Reference no: EM13123659

Dahl Company, a clothing manufacturer, uses a standard costing system. Each unit of a finished product contains 2 yards of cloth. However, there is unavoidable waste of 20%, calculated on input quantities, when the cloth is cut for assembly. The cost of the cloth is $3 per yard. The standard direct material cost for cloth per unit of finished product is:

a. $4.80.

b. $6.00.

c. $7.00.

d. $7.50.

Reference no: EM13123659

Questions Cloud

Find out which case is fifo and which is lifo : Find out which case is FIFO and which is LIFO. State which case would result in the higher inventory value on the balance sheet and indicate why.
Compute the unit product cost for one gamelan : Selected data for the company's operations last year follow (all currency values are in thousands of rupiahs):Assume that the company uses absorption costing. Compute the unit product cost for 1 gamelan.
Prepare the property, plant : Lowell Company's December 31, 2012, trial balance includes the following accounts: Inventories $120,000; Buildings $207,000; Accumulated Depreciation-Equipment $19,000; Equipment $190,000; Land Held for Investment $46,000; Accumulated Depreciation..
Determining nonzero function : Show that the following family is not complete by finding at least one nonzero function u(x) such that E[u(X)]=0, for all theta >0.
Standard direct material cost for cloth : The cost of the cloth is $3 per yard. The standard direct material cost for cloth per unit of finished product is:
Graph of swimming fish energy : For a fish swimming at a speed v relative to the water, the energy expenditure per unit time is proportional to v^3. It is believed that migrating fish try to minimize the total energy required to swim a fixed distance.
Find sample mean that will cut off upper from population : A sample of 20 cables is selected and tested. Find the sample mean that will cut off the upper 95% of all samples of size 20 taken from the population.
What income does alan recognize from the distribution : Caravan Corporation has always been an S corporation. Caravan Corporation is 100% owned by Alan Merten. On January 1, Alan has an adjusted basis of $50,000 in his Caravan stock.
Company direct material price variance : Information on Fleming Company's direct material costs follows: What was the company's direct material price variance?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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