The Direct Materials standard cost is $13.20
The Direct Labor standard cost is $12.00
The Variable Manufacturing Overhead standard cost is $5.00
The Fixed manufacturing overhead standard cost is $11.80
Standard cost per unit- $ 42.00
The solution is in tabular form which is attached with this answer.
What is Standard Cost ?
A standard cost is described as a predetermined value, an estimated future cost, an expected cost, a budgeted unit value, a forecast cost, or as the "should be" cost. trendy expenses are frequently an critical part of a manufacturer's annual profit plan and operating budgets.
when standard prices are used in a manufacturing setting, a product's standard cost for a future accounting period will consist of the following:
- Direct substances: a standard quantity of every material and a standard cost in keeping with unit of material
- Direct labor: a standard quantity of labor and a standard cost in step with hour of labor production overhead: a price range for the fixed overhead, the standard variable overhead rate, and the usual quantity for applying a set and variable overhead rates
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Answer:
Current ratios:
Peter Company Answer = 5
Paul Company Answer = 2.5
Peter company has the higher liquidity than the Paul company. Its current ratio is double than the Paul's.
Explanation:
Company : Peter Paul
Current assets $200,000 $50,000
Current liabilities $40,000 $20,000
To calculate Liquidity we will us following ratio formula:
Current Ratio = Current Assets / Current Liabilities
Peter Company
Current Ratio = $200,000 / $40,000 = 5
Paul Company
Current Ratio = $50,000 / $20,000 = 2.5
Peter company has the higher liquidity than the Paul company
Answer:
1. To insure the effective operation of an organization.
2. To review compliance with a multitude of administrative regulations.
3. To instill a sense of confidence in management that the business is functioning well and you are prepared to meet potential challenges.
4. To maintain/enhance the organization’s reputation in the community.
5. To perform a “due diligence” review for shareholders or potential investors.
6. Not all policies, practices, and procedures are committed to writing. It is vitally important that companies have a process to ensure that everything stays up-to-date and legal, AND actually works as intended.
Explanation: smort doggo is off to another question
Answer: Disclaimer
Explanation:
At death, it should be noted that property can be transferred through will, contract or title. On the other hand, property can't be transferred through disclaimer.
A disclaimer simply refers to a statement that denies someone the responsibility to a particular thing. It delimit the scope of rights of an individual.
Answer and Explanation:
The computation is shown below:
a. The book value or net worth per share is
= (Assets - current liabilities - long term liabilities - outstanding preferred stock) ÷ (common stock shares)
= ($418,000 - $126,000 - $131,0000 - $38,700) ÷ (20,000 shares)
= $6.12 per share
b. Now the current price is
= Earnings available ÷ common stock shares × P/E
= $32,300 ÷ 20,000 shares × 21
= $33.92
c. The market value to book value is
= Market value ÷ book value
= $33.92 ÷ 6.12
= 5.54
