User Account

All Pages

What is the standard cost of goods sold

Assignment Help Accounting Basics
Reference no: EM133127815

Question - The following standard data are available for ABC Corp to produce one unit of product X:

Direct materials: 3 yards at 5 per yard

Direct labor: 2 hours at 10 per hour

Budgeted Overhead: 700,000 (includes Budgeted VOH of 500,000) at normal capacity of 10,000 DL hours.

The company produced 1,500 units and ending FG is 200 units.

What is the standard cost of goods sold?

Reference no: EM133127815

Questions Cloud

Accountability issues faced by intrapreneur : Being an entrepreneur within an organization may provide financial benefit. That being said, what are some of the accountability issues faced by intrapreneur ?
Risky business-estimated cash flow : Comparing all methods. Risky Business is looking at project with the following estimated cash flow:
What is the standard product cost per unit : Budgeted Overhead: 700,000 (includes Budgeted VOH of 500,000) at normal capacity of 10,000 DL hours. What is the Standard product cost per unit
Working for leading cosmetics manufacturer : What should Hina do as she is working for a leading cosmetics manufacturer and has to prove herself by following the directions given?
What is the standard cost of goods sold : Budgeted Overhead: 700,000 (includes Budgeted VOH of 500,000) at normal capacity of 10,000 DL hours. What is the standard cost of goods sold
What amount should be recognized as termination benefit : The entity expects 20 employees to leave before closure and 100 employees to render service until closure. What amount should recognized as termination benefit
Determine the variable cost per machine hour : The company observed that at 22,000 machine hours of activity, Determine the variable cost per machine hour
Prepare a statement of retained earnings for the year ended : The share capital as at December 31, 2018, was $2,844 million: $347 million of preferred shares. Prepare a statement of retained earnings for the year ended
Should the company make or buy the component : Given the information above, if the company buys the component, it would however have to pay $17.00, Should the company make or buy the component

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the purpose of the forms 1040 schedule

What is the purpose of the Forms 1040 Schedule A, and 1040 Schedule C, respectively, for an individual taxpayer

  On april 1 2014 somers company assigns 200000 of its

on april 1 2014 somers company assigns 200000 of its accounts receivable to third national bank as collateral for a

  Are normal profits being earned in the given example

What is a normal profit? What is an economic profit? Explain your answer using examples. Are normal profits being earned in this example? Are economic profits present for this firm in this example? Explain your answers.

  What is the total cost per batch

Tasty Beverage Co. produces soft drinks, specializing in fruit drinks. They produce 5,000 cans of product per batch. Setup cost for each batch is $50.

  What is the most he can pay for each remaining animal

A buyer for a toy store plans to purchase 350 stuffed animals for an anniversary sale. He plans to retail the stuffed animals $15 each. He has already ordered.

  What is Lisa realized and recognized gain or loss

Question - Lisa sells business property with an adjusted basis of $130,000 to her son, What is Lisa's realized and recognized gain or loss

  What will be the accounting for a bond premium

what will be the accounting for a bond premium, will it include a credit to the account Other financing source bond issue premium

  Describe four key characteristics of commercial banks

Describe four key characteristics of commercial banks. Discuss the difference between commercial banks, building societies, credit unions and finance companies

  What is Kitchen Hut cost for the set of pots

On July 8, 2018, Leon's Kitchen Hut bought a set of pots with a $143 list price from Lambert Manufacturing. What is Kitchen Hut's cost for the set of pots

  Determine the cash paid during the reporting period

Using the information provided below, reconstruct the accounts payable account to determine the cash paid during the reporting period

  How quickly is our company able to sell its inventory

How quickly is our company able to sell its inventory? Will our company be able to make interest payments as they become due

  Palm trees to earn a profit

Palms, Inc. wants to sell enough palm trees to earn a profit of $20,000. If the unit sales price is $40, unit variable cost is $22, and total fixed costs are $120,400, how many trees must be sold to earn income of $20,000

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