Kouri Corporation is developing standards for its products. One product requires an input that is purchased...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Kouri Corporation is developing standards for its products. One product requires an input that is purchased for P85.00 per kilogram from the supplier. By paying cash, the company gets a discount of 4% off this purchase price. Shipping costs from the supplier's warehouse amount to P4.62 per kilogram. Receiving costs are P0.55 per kilogram. Each unit of output of the product requires 0.74 kilogram of this input. The allowance for waste and spoilage is 0.03 kilogram of this input for each unit of output. The allowance for rejects is 0.13 kilogram of this input for each unit of output. The standard price per kilogram of this input should be: Kouri Corporation is developing standards for its products. One product requires an input that is purchased for P85.00 per kilogram from the supplier. By paying cash, the company gets a discount of 4% off this purchase price. Shipping costs from the supplier's warehouse amount to P4.62 per kilogram. Receiving costs are P0.55 per kilogram. Each unit of output of the product requires 0.74 kilogram of this input. The allowance for waste and spoilage is 0.03 kilogram of this input for each unit of output. The allowance for rejects is 0.13 kilogram of this input for each unit of output. The standard price per kilogram of this input should be:
Expert Answer:
Answer rating: 100% (QA)
SOLUTION To calculate the standard price per kilogram of the input Purchase price per kilogram P8500 Cash discount 4 of P8500 P340 P8500 004 Net purch... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Mcgann Corporation is developing standards for its products. Each unit of output of the product requires .50 kilogram of a particular input. The allowance for waste and spoilage is .04 kilogram of...
-
Tambi Corporation produce its product which requires an input for $72,30 per kilogram from the supplier. By paying cash, the corporation get 5% discount. Shipping cost amounted for $5,75 per...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
With respect to strategies used by land conservation groups to preserve land, conservation easements seem to be expanding more rapidly than buying land for preservation. In what respect might...
-
For the data in the file P20_50.xlsx, suppose that LSL = 190 and USL = 210. a. Is the process in control? If it is out of control, describe any observed out-of-control pattern. b. If possible,...
-
Compute the coefficient of determination and the least squares line for Exercise. Compare this information with that developed by the scatter diagram alone. In Exercise, One general belief held by...
-
Fogel Limited commenced trading as a carpet manufacturer on 1 November 1986. The accountant decided to produce a value added statement with the financial accounts for the year ended 31 October 1988....
-
Income Effects of Receivables Transactions Sandburg Company requires additional cash for its business. Sandburg has decided to use its accounts receivable to raise the additional cash and has asked...
-
BRIKZ ( Pty ) Ltd ( BRIKZ ) is a small and exclusive bricks manufacturing entity. BRIKZ produces specialised building blocks, and the manufacturing process is labour intensive. BRIKZ applies a...
-
The flowchart below shows the August production activity of the punching and bending departments of Wire Box Company. Use the amounts shown on the flowchart to compute the missing numbers identified...
-
Titany Lane Usita Corporation had the following information available at the end of 2 0 X 2 : This Examination Has Been Prepared by the House of Tinuin and Subject lo Copy Right Laws, Unauthorized...
-
Assume a risk-free asset in the U.S. is currently yielding 4.1 percent, a Canadian risk-free asset is yielding 3.7 percent, and the current spot rate is C$1.2633 (Canadian Dollar per U.S. dollar)....
-
whiuch oral hypoglycemic agent would be safest for an older patient if hypoglycemia is a mojor concern? tolbutamide glipizide metformin glimepiride
-
Cash flow analysis is very important in capital investment decisions, and investment experts will pay special attention to cash flows when determining whether the company is healthy. We often see...
-
Anna and Makenzie formed an LLC called " A&M Company, LLC \" . Anna and Makenzie did not make any elections regarding the tax classification of the entity. Anna contributed equipment worth $ 1 0 0...
-
24) The size of a euro call is 125,000. Today, a U.S. importer places an order for machine tools that will arrive in Houston in 60 days, when he must pay 4,000,000 to the German exporter. Assume that...
-
For the function f(x) = In (3x+2), find f''(x), f''(0), f''(2), and f''(-1). f''(x)= (Use integers or fractions for any numbers in the apronion
-
(a) Prove that form an orthonormal basis for R3 for the usual dot product. (b) Find the coordinates of v = (1, 1, 1)T relative to this basis. (c) Verify formula (5.5) in this particular case. 48-65...
-
Silver Aviation assembles small aircraft for commercial use. The majority of Silvers business is with small freight airlines serving areas where the airport does not accommodate larger planes. The...
-
How is backup of database files accomplished?
-
What is the difference between source code and machine code? Why is it preferable to have the CASE tools convert the structure diagrams into machine code rather than source code?
-
Take the communication quiz at www.mindtools.com/pages/article/ newCS_99.htm (Mind Tools 2016). Write a one-page paper describing your communication strengths and weaknesses.
-
Your uncle is a proud owner of an up-market clothing store. Because business is down he is considering replacing the languishing tie department with a new sportswear department. In order to examine...
-
You are the owner of a factory that supplies chairs and tables to schools in Denver. You sell each chair for $1.76 and each table for $4.40 based on the following calculation: You have received an...
Study smarter with the SolutionInn App