User Account

All Pages

What actual costs incurred for indirect materials for month

Assignment Help Financial Accounting
Reference no: EM132949034

Problem 1: Your Company's flexible budget cost formula for indirect materials is $1,000 FC + $0.45 per unit of output. If the company's performance report for last month shows a $90 favorable spending variance for indirect materials. 8,700 units of output were produced last month. What were the actual costs incurred for indirect materials for the month?

Reference no: EM132949034

Questions Cloud

How much of each total monthly payment can mia deduct : In addition, Mia makes a voluntary payment of $110 per month. How much of each total monthly payment can Mia deduct in 2018
What is relationship between entrepreneurship and innovation : What is the relationship between entrepreneurship and innovation? Illustrate how to apply the general venturing template to entrepreneurship
Prepare consolidated statement of financial position at dec : Prepare consolidated statement of financial position at December 31, 2019. The Herco Company purchased 70% of the outstanding voting share.
Calculate ending balance for november : Calculate ending balance for November. Your Company makes and sells Product K. Each unit of Product K sells for $26 dollars and has a unit variable cost
What actual costs incurred for indirect materials for month : Spending variance for indirect materials. 8,700 units of output were produced last month. What were the actual costs incurred for indirect materials for month?
Analyze the annual reports of flour mills of fiji : Analyze the annual reports of Flour Mills of Fiji (2020), RB Patel Ltd (2020) and Paradise Beverages Ltd (2019) from South Pacific Stock Exchange (SPSE)
What were the actual costs incurred for indirect materials : What were the actual costs incurred for indirect materials for the month? Your Company's flexible budget cost formula for indirect materials.
What is the materials purchase price variance for company : What is the materials purchase price variance for Company. Your Company uses a standard cost system. Information for raw materials its product
What the amount of cash paid to the supplier is : What the amount of cash paid to the supplier is? A company purchases merchandise inventory for $135,400 on credit terms of 2/10 net 30.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the amount of goodwill acquired by winans

On September1, 2010, The fair value of Aumont's assets is estimated to be Br. 800,000. Compute the amount of goodwill acquired by winans.

  Pass the necessary journal entries

Preparing the trial balance, it is learnt that Mr.X a debtor has becomeinsolvent and nothing could be recovered from him and, therefore the entireamount of Rs.5,000 due from him was irrecoverable.

  Prepare journal entries to account for phds land

Prepare journal entries to account for PHD's land and equipment from 1 July 2018 to 30 June 2020. Journal entries SHOULD comply with AASB 116

  Financing activities

Operating activities-Financing activities-Investing activities.

  Find which bond suffer greater percentage decline in price

Find Which bond will suffer the greater percentage decline in price: a 30-year bond paying annual coupons of 8% or a 30-year zero-coupon bond?

  Compute depreciation expense on the machinery for 2018

Prepare the journal entry necessary to record the depreciation expense on the building in 2018 - Compute depreciation expense on the machinery for 2018

  What is the amount of outstanding checks for november

How much is the deposit in transit for the month of November? What is the amount of outstanding checks for November? book debit for nov. 1600,000

  What is average balance sheet amount in accounts receivable

If CMTP sells 1,500 reports every month at a price of $2,000 each, what is the average balance sheet amount in accounts receivable?

  Which partner who administers the realization assets

Which partner who administers the realization and distribution of partnership assets after dissolution. Which the conversion of non-cash assets into cash

  Ethical obligation to share with external clients

Determine whether a company has an ethical obligation to share with external clients that key information about them is being stored in the cloud. Speculate how external clients would react if they were told in advance or it was kept from them and th..

  What cost of ending inventory using the weighted average

What is the cost of ending inventory using the weighted average costing method?Beginning inventory 10 units @ $10 each.January purchase 10 units

  Explain a minimum of four controls that will help a company

Explain a minimum of four controls and/or concepts that will help a company ensure that its petty cash accounts are appropriately used and safeguarded?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd