Win corporation sells a single product budgeted sales for

Assignment Help Accounting Basics
Reference no: EM13591332

Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 675,521 units, estimated beginning inventory is 104,612 units, and desired ending inventory is 88,206 units. The quantities of direct materials expected to be used for each unit of finished product are given below.

  • Material A .50 lb. per unit @ $0.66 per pound
  • Material B 1.00 lb. per unit @ $1.68 per pound
  • Material C 1.20 lb. per unit @ $1.05 per pound

What is the dollar amount of direct material A used in production during the year?

Reference no: EM13591332

Questions Cloud

Taxpayer y who has a 30 percent marginal tax rate invested : taxpayer y who has a 30 percent marginal tax rate invested 65000 in a bond that pays 8 annual interest. compute ys
Oneill co has 296467 in accounts receivable on january 1 : oneill co. has 296467 in accounts receivable on january 1. budgeted sales for january are 835975. oneill expects to
A lease agreement calls for quarterly lease payments of : a lease agreement calls for quarterly lease payments of 5600 over a 15-year lease term with the first payment at july 1
Using the project profitability index how would the above : fonics corporation is considering the following three competing investment proposals aye bee cee initial investment
Win corporation sells a single product budgeted sales for : win corporation sells a single product. budgeted sales for the year are anticipated to be 675521 units estimated
Southern company is preparing a cash budget for april the : southern company is preparing a cash budget for april. the company has 12000 cash at the beginning of april and
Wat do you think did einstein mean when he said the most : some of the most profound statements on the nature of science have come from albert einstein one of the greatest
Salter incs unit selling price is 51 the unit variable : salter inc.s unit selling price is 51 the unit variable costs are 32 fixed costs are 115315 and current sales are 9505
Partners share net income and losses in the ratio of 321 : after discontinuing the ordinary business operatins and closing the accounts on may 7 the ledger of the partnership

Reviews

Write a Review

Accounting Basics Questions & Answers

  What type of backend controls are required in ais to ensure

The accountants feedback is very important especially when it comes to maintaining adequate internal controls. What type of backend controls are required in an AIS to ensure reliable financial statements? Please provide concrete examples.

  Journal entry for property taxes and allowance

Prepare a journal entry for the taxes of Winston County's General Fund on July 1, 2005, the date on which the property taxes for the fiscal ending June 30, 2006, were billed to taxpayers.

  Discuss possible factors that contribute to these difference

The process by which accounting standards has evolved over time worldwide differs significantly from country to country based on many factors.

  Quarterly compounding cousin bertha invested 100000 10

quarterly compounding cousin bertha invested 100000 10 years ago at 12 percent compounded quarterly. how much has she

  Methods for evaluating investments in research-development

"It is impossible to use DCF methods for evaluating investments in research and development. There are no cost savings to measure, and we don't even know what products might come out of our R&D activities."

  Provide an example of a transaction

Provide an example of a transaction that affects (a) only one element of the accounting equation, (b) two elements of the accounting equation, (c) three elements of the accounting equation.

  Manufacturing and customer cost hierarchy

Use a selected company or your current work environment to identify at least one cost or expense that would fit under each of the following categories:

  Prepare the journal entries for the years 2013-2015 to

wilson corp. reported the following pretax financial income loss for the years 2011-2015. 2011 246600 2012 345000 2013

  Marine inc manufactures a product that is available in both

marine inc. manufactures a product that is available in both a flexible and a rigid model. the company has made the

  How dividend revenue and the gain on sale should be reported

Journalize the transactions and explain how dividend revenue and the gain (loss) on sale should be reported in the income statement.

  What is the balance in the investment

Significant influence over Harrison is achieved by this acquisition. Harrison distributed a dividend of $2 per share during the year and reported net income of $560,000. What is the balance in the Investment in Harrison account found in the financ..

  Problem based on bad checks

When we talk about "bad checks," are those always checks our customers have written to us? Would the company also write any bad checks and what are the repercussions for thesame? Give examples to support your answer.

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