Reference no: EM132536748
Problem 1: Misnap is a manufacturing firm. In April, it had a beginning inventory balance in its raw materials of $37,000 and an ending inventory of $29,000. Raw materials purchases during the month totalled $57,000. The raw materials used in April were_______.
a) $63,000
b) $57,000
c) $65,000
d) $55,000
Problem 2: During the month of April, Candice Ltd. provides the following information: direct materials purchases of $35,200; direct materials used $32,000; direct labour cost of $20,700, and manufacturing overhead cost of $25,600. The work in process balance on April 1 and 30 were $8,000 and $9,500 respectively. What was the cost of goods manufactured?
a) $80,000
b) $76,800
c) $83,000
d) $79,800
Problem 3: Fantastic Company has fixed costs $15,000; variable cost per unit for $6; selling price per unit $8. If Fantastic Company wants to achieve a target operating income of $3,600, how many units must be sold?
a) 2,500
b) 7,500
c) 9,300
d) 18,60
|
Proton exchange membranes hydrogen fuel cell
: Discuss the technology, current status and prospects of Proton exchange membranes hydrogen Fuel Cell in transport and electricity sector
|
|
Calculate the issue price of the debenture
: Interest expense is determined using the effective-interest method. Calculate the issue price of the debenture
|
|
What is the estimated total cost at hours
: Using the high-low method to split mixed costs, the variable rate is found to be $3 per hour,What is the estimated total cost at 350 hours?
|
|
Explain how MMPL will recognise the revenue
: Explain how MMPL will recognise the revenue arising from Annie's purchase of this promotion package using the five-step model from FRS 115 Revenue
|
|
What the raw materials used in april were
: In April, it had a beginning inventory balance in its raw materials of $37,000 and an ending,What The raw materials used in April were?
|
|
Provide the journal entries for the transaction on December
: Interest is paid annually on November 31st. The market rate for a similar bond is 8%. Provide the journal entries for the transaction on December
|
|
What are the appropriate entries to record the revaluation
: Manchester Ltd has a building that originally cost $850 000 and has accumulated depreciation of $120 000. What are appropriate entries to record the revaluation
|
|
How much cash did Galway Ltd budget to receive
: Galway Ltd budgeted to make sales of $1,500, $1,800 and $2,800 in its first three months of operation. How much cash did Galway Ltd budget to receive
|
|
Question - calculating cost per equivalent unit
: Calculate the cost per equivalent unit for direct materials, direct labor, overhead, and in total. Show your calculations
|