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3 years ago

Larkin Company accumulated the following standard cost data concerning product I-Tal.

Business

1 answer:

Alex_Xolod [135]3 years ago

6 0

Answer:

Standard cost per unit= $282.6

Explanation:

Giving the following information:

Direct materials per unit: 3.00 pounds at $4.20 per pound

Direct labor per unit: 9.00 hours at $12 per hour

Manufacturing overhead: Allocated based on direct labor hours at a predetermined rate of $18.00 per direct labor hour

The standard cost per unit is the sum of direct material. direct labor, and allocated overhead:

Standard cost per unit= 3*4.2 + 9*12 + 9*18

Standard cost per unit= $282.6

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Discuss 5 Ghanaian companies and their business portfolios

Akimi4 [234]

There are many companies in Ghana and some of those companies and what they do include:

Accra Brewery Limited

Founded in 1931 as Overseas Breweries Limited
Offers brewery products such as CLUB Premium Lager
Saw huge expansion after the second World War
Currently under Anheuser-Busch InBev (ABInBev)

Agricultural Development Bank of Ghana

Founded in 1965 and is owned entirely by the government
Offers loans and agricultural credit to boost agriculture
Also offers corporate, international, and commercial banking

Clydestone Ghana

Founded in June 1989 and is located in Nigeria, Kenya, UK, and Ghana
Offer products in the information and communication industry including transaction processing
Listed on Ghana Stock Exchange

Produce Buying Company

Founded in 1981
Are major players in the cocoa industry in West Africa
Are also players in other cash crops such as sheanuts

Suretrack Contracts Services

Founded in 2007
Offers construction services such as engineering and construction management.
Is a privately owned company.

Find out more at brainly.com/question/25130784.

5 0

3 years ago

Discount Mart borrows $400,000 on July 1 with a short-term loan that has an annual interest rate of 6% payable on the first day

adelina 88 [10]

Answer:

C. $6,000; Increase expenses, increase liabilities

Explanation:

The computation is shown below:

= Borrowed amount × rate of interest × given months ÷ Total months

= $400,000 × 6% × 3 months ÷ 12 months

= $6,000

So this $6,000 represent an increase in liabilities and increase in expenses

hence, the correct option is c.

8 0

3 years ago

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A T-bill quote sheet h

VashaNatasha [74]

Answer:

1) B

2) A

3) D

Explanation:

1) Discount yield(%) = Face value - Purchase value/Face value X 360/Maturity ( in days) X 100%

Discount yield (quote) = 5.11; Face value = $10,000; Let Purchase value = x; Maturity = 90 days

(5.11)% = $(10,000 - x)/$10,000 X 360/90 X 100%

5.11 = 400(10,000 - x)/10,000

x = 4,000,000 - 51100/400 = 3,948,900 = $9,872.25

3) Face value = $10,000; Purchase value = $9,850; Maturity = 120 days

Investor's bond equivalent yield(%) = $(10,000 - 9,850)10,000 X 360/120 X 100%

= 45/10 = 4.5%

4 0

3 years ago

Kennedy Inc. has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct material

vesna_86 [32]

Answer:

Actual price= $1.6 per unit

Actual price= $3.2 per set

Explanation:

To calculate the actual price, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

400= (1.8 - actual price)*2,000

400= 3,600 - 2,000actual price

2,000actual price = 3,200

actual price= $1.6 per unit

8 0

3 years ago

lpine Company solicited bids from several contractors to construct an addition to its office building. The lowest bid received w

Virty [35]

Answer:

The amount recorded in the building account will be $1,100,000.

Explanation:

Alpine company has asked for bids from various contractor to construct additions in its office building. many contractors replied with a bid offer among which the lowest was $1,200,000. Alpine decided to construct additions itself at a lower cost than the bid received. The amount which is recorded in office building account will be $1,100,000 at which the company has agreed to construct. The accounts of a company should reflect actual expenditures so the amount of $1,100,000 will be actual expenditure of construction which Alpine Company has determined.

6 0

3 years ago