subject
Business, 18.11.2019 23:31 scholar13

Problem 10-10 multiple products, materials, and processes [lo10-1, lo10-2] mickley corporation produces two products, alpha6s and zeta7s, which pass through two operations, sintering and finishing. each of the products uses two raw materials, x442 and y661. the company uses a standard cost system, with the following standards for each product (on a per unit basis): raw material standard labor time product x442 y661 sintering finishing alpha6 1.8 kilos 2.0 liters 0.20 hours 0.80 hours zeta7 3.0 kilos 4.5 liters 0.35 hours 0.90 hours information relating to materials purchased and materials used in production during may follows: material purchases purchase cost standard price used in production x442 14,500 kilos $52,200 $3.50 per kilo 8,500 kilos y661 15,500 liters $20,925 $1.40 per liter 13,000 liters the following additional information is available: a. the company recognizes price variances when materials are purchased. b. the standard labor rate is $19.80 per hour in sintering and $19.20 per hour in finishing. c. during may, 1,200 direct labor-hours were worked in sintering at a total labor cost of $27,000, and 2,850 direct labor-hours were worked in finishing at a total labor cost of $59,850. d. production during may was 1,500 alpha6s and 2,000 zeta7s. requied: 1. complete the standard cost card for each product, showing the standard cost of direct materials and direct labor.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:30
Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts.apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days.apr. 6 the company completed services for a client and immediately received $4,000 cash.apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days.apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts.apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit.apr. 28 the company paid $5,500 cash in dividends.apr. 29 the company purchased $600 of additional office supplies on credit.apr. 30 the company paid $435 cash for this month's utility bill.
Answers: 3
question
Business, 22.06.2019 04:40
Who has summer school : ( because i do : (
Answers: 1
question
Business, 22.06.2019 05:50
Acompany that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. prior to buying the new equipment, the company used 6 workers, who produced an average of 79 carts per hour. workers receive $16 per hour, and machine coast was $49 per hour. with the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour while output increased by four carts per hour. a) compute the multifactor productivity (mfp) (labor plus equipment) under the prior to buying the new equipment. the mfp (carts/$) = (round to 4 decimal places). b) compute the productivity changes between the prior to and after buying the new equipment. the productivity growth = % (round to 2 decimal places)
Answers: 3
question
Business, 22.06.2019 11:00
Companies hd and ld are both profitable, and they have the same total assets (ta), total invested capital, sales (s), return on assets (roa), and profit margin (pm). both firms finance using only debt and common equity. however, company hd has the higher total debt to total capital ratio. which of the following statements is correct? a) company hd has a higher assets turnover than company ld. b) company hd has a higher return on equity than company ld. c) none of the other statements are correct because the information provided on the question is not enough. d) company hd has lower total assets turnover than company ld. e) company hd has a lower operating income (ebit) than company ld
Answers: 2
You know the right answer?
Problem 10-10 multiple products, materials, and processes [lo10-1, lo10-2] mickley corporation produ...
Questions
question
Mathematics, 16.11.2019 04:31
Questions on the website: 13722361