What were the actual costs incurred

Assignment Help Accounting Basics
Reference no: EM133027770

Question - 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: EM133027770

Questions Cloud

Prepare the entry to record Nichols investment : Nichols contributes $15,000 cash and equipment having a book value of $4,032. Prepare the entry to record Nichols's investment
Indicate the division of net income to each partner : Rod Dall Co. reports net income of $74,000. The income ratios are Rod 67% and Ball 33%. Indicate the division of net income to each partner
PSY 5993-41 Directed Research Assignment : PSY 5993-41 Directed Research Assignment Help and Solution, Evaluating Evidence in the Psychology of Culture, Race, and Ethnicity - University of Minnesota
Compute the adjusted cost : Compute the adjusted cost base of each component of the consideration that Ms. Bond has received from the corporation
What were the actual costs incurred : Your Company's flexible budget cost formula for indirect materials is $1,000 FC + $0.45 per unit of output. What were the actual costs incurred
What discount rate should peter pet foods use : Tim's Toys specializes in pet toys and has a WACC of 10.5 percent. What discount rate should Peter's Pet Foods use to evaluate this investment
Discuss three phases of mapreduce framework : Discuss three phases of MapReduce framework to determine the number of customer claims from database and discuss an alternative solution to replaceMapReduce
Find the price of molybdenum : If the discount rate is 16%, find the price of molybdenum above which it makes sense to do the investment, i.e. find the price at which the NPV is zero
What is the probability : What is the probability that none of the production facilities will be damaged by fire in any given year

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