Dvorak Company produced 1,000 units that require five standard pounds per unit at $ 2.50 standard price
Question:
Dvorak Company produced 1,000 units that require five standard pounds per unit at $ 2.50 standard price per pound. The company actually used 4,500 pounds in production. Journalize the entry to record the standard direct materials used in production.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (18 reviews)
Work in Process 5000 lbs 250 1250...View the full answer
Answered By
Hemstone Ouma
"Hi there! My name is Hemstone Ouma and I am a computer scientist with a strong background in hands-on experience skills such as programming, sofware development and testing to name just a few. I have a degree in computer science from Dedan Kimathi University of Technology and a Masters degree from the University of Nairobi in Business Education. I have spent the past 6 years working in the field, gaining a wide range of skills and knowledge. In my current role as a programmer, I have had the opportunity to work on a variety of projects and have developed a strong understanding of several programming languages such as python, java, C++, C# and Javascript.
In addition to my professional experience, I also have a passion for teaching and helping others to learn. I have experience as a tutor, both in a formal setting and on a one-on-one basis, and have a proven track record of helping students to succeed. I believe that with the right guidance and support, anyone can learn and excel in computer science.
I am excited to bring my skills and experience to a new opportunity and am always looking for ways to make an impact and grow as a professional. I am confident that my hands-on experience as a computer scientist and tutor make me a strong candidate for any role and I am excited to see where my career will take me next.
5.00+
8+ Reviews
23+ Question Solved
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Managerial Accounting questions
-
Using the following standard unit costs and the actual cost and usage data that follow, compute the direct materials price and direct materials quantity variances. Direct materials quantity standard...
-
Dvorak Company produces a product that requires five standard pounds per unit. The standard price is $ 2.50 per pound. If 1,000 units required 4,500 pounds, which were purchased at $ 3.00 per pound,...
-
Dvorak Company produced 1,000 units of product that required three standard hours per unit. The standard variable overhead cost per unit is $ 1.40 per hour. The actual variable factory overhead was $...
-
In Problems 1118, mentally solve each equation. 6x = -24
-
Consider an ideal Stirling cycle engine in which the pressure, temperature and volume at the beginning of the isothermal compression process are 100 kPa, 15oC and 0.03 m3, the compression ratio is 8,...
-
Write a program that reads a Java source file and produces an index of all identifiers in the file. For each identifier, print all lines in which it occurs. For simplicity, we will consider each...
-
Describe the various stages involved in developing a new product or service.
-
Is there brand loyalty among car owners in their purchases of gasoline? To help answer the question, a random sample of car owners was asked to record the brand of gasoline in their last two...
-
FINANCIAL PROJECTIONS EXERCISE (CASE STUDY) (Ms. LeBlanc, Inc.) This case exercise is designed to give you some practical, hands-on experience in preparing pro forma financial projections. Please...
-
8. Chad owned an office building that was destroyed in a tornado. The adjusted basis of the building at the time was $890,000. After the deductible, Chad received an insurance check for $850,000. He...
-
Giovanni Company produced 3,500 units that require four standard gallons per unit at $ 34.00 standard price per gallon. The company actually used 14,400 gallons in production. Journalize the entry to...
-
Prepare a 2014 income statement through gross profit for Giovanni Company, using the variance data in Practice Exercises and Assume Giovanni sold 3,500 units at $ 400 per unit.
-
Visit https://www.pearsonglobaleditions.com/Horngren to view a link to Target Corporations 2018 Fiscal Year Annual Report. Study the audit opinion (labeled Report of Independent Registered Public...
-
7. A psychiatrist is testing a new ADHD Medication, which seems to have the potentially harmful side effect of increasing the heart rate. For a sample of 50 clinical study participants whose pulse...
-
Determine the type of engagement that your colleague completed for the client. Justify the selected engagement type for the client. Assess the purpose of each financial statement for the client's...
-
Mills Corporation acquired as a long-term investment $235 million of 8% bonds, dated July 1, on July 1, 2024. Company management has classified the bonds as an available-for-sale investment. The...
-
A force of 28 pounds acts on the pipe wrench shown in the figure below. 18 in. 30 (a) Find the magnitude of the moment about O by evaluating ||OA x F||. (0 0 180) Use a graphing utility to graph the...
-
Module 1 1. There has been a rise in cases of measles in RI. The RI Health Department is wondering if the rate of MMR vaccinations has declined since the start of the COVID-19 pandemic. The...
-
Activity-Based versus Traditional Costing ; Isadores Implements, Inc., manufactures pens and mechanical pencils often used for gifts. Overhead costs are currently allocated using direct labor-hours,...
-
Write the statement to store the contents of the txtAge control in an Integer variable named intAge.
-
Actions that unreasonably deny someone the enjoyment of his or her land. a. conversion b. contributory ne gligence c. defamation d. liability e. libel f. negligence g. nuisance h. slander i. tort j....
-
On the basis of the following data, (a) Journalize the adjusting entries at June 30, the end of the current fiscal year, and (b) Journalize the reversing entries on July 1, the first day of the...
-
On the basis of the following data, (a) Journalize the adjusting entries at June 30, the end of the current fiscal year, and (b) Journalize the reversing entries on July 1, the first day of the...
-
Portions of the wages expense account of a business follow: a. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made. b. Journalize the...
-
Sociology
-
I am unsure how to answer question e as there are two variable changes. In each of the following, you are given two options with selected parameters. In each case, assume the risk-free rate is 6% and...
-
On January 1, Interworks paid a contractor to construct a new cell tower at a cost of $850,000. The tower had an estimated useful life of ten years and a salvage value of $100,000. Interworks...
Study smarter with the SolutionInn App