User Account

All Pages

What is the standard direct material cost

Assignment Help Accounting Basics
Reference no: EM131756371

Question - FutureWays Manufacturing has the following direct material list:

Motor, 1 per unit: $84.79

Casing, 1 per unit: $34.95

Miscellaneous nuts and bolts: $0.52 per unit

Quantity discount on motors: $1.10 per unit

Freight: $4.25 unit

Labor is provided primarily by robots. Direct labor is .25 hours per unit, mainly for supervision of the robots. Machine downtime is .05 hours per unit. The standard direct labor rate is $25 per hour.

Each unit requires 15 hours of machine time.

Total overhead for the year is $752,000 and is based on machine hours, which are expected to be 800,000 hours for the year. Variable overhead is expected to be $601,000. What is the standard direct material cost?

Reference no: EM131756371

Questions Cloud

Draw a graph of the market for vaccines : There is a positive externality associated with vaccines, such that the extra value is P(dex)=20.
Major theories of the social responsibility of business : In terms of the four major theories of the social responsibility of business,
Discuss about the questions given below : Angie worries constantly about being sick. She washes her hands several times each hour even though they are raw and red from the rough treatment.
Discuss making equal annual end-of-the-year deposits : making equal annual end-of-the-year deposits into a tax-deferred account paying 11.50 percent annually. What must Lisa's annual deposit be
What is the standard direct material cost : Labor is provided primarily by robots. Direct labor is .25 hours per unit, mainly for supervision of the robots. What is the standard direct material cost
Representing the interest of a third world country : You are the part of International Trade Organization representing the interest of a third world country. Discuss the arguments for trade restrictions.
How would the company record the adjustment to fair value : At December 31, 2104, the Vista shares had a fair value of $102 per share. How would the company record the adjustment to fair value
What was the growth rate of capital intensity : For the years 1948-1973, output per person in the private sector grew 3.3 percent, labor composition grew 0.2 percent, and total factor productivity grew.
Why would pargaments work have not been possible : What dimensions of mysticism are appropriate subjects of study in the psychology of religion?

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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