The following information is available about a company for the year 2008. The inventory is value @

Question:

The following information is available about a company for the year 2008.

The inventory is value @ Rs. 1 per kg or litre.
Calculate the material turnover ratio for each of the above materials and express in number of days the average inventory held. What conclusions can be drawn?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

See More Books

Question Posted: Aug 30, 2023 01:48 PM

See More Questions

Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
When do you use your mental shortcut (system 1) to make purchase decisions?When do you use deliberate and rational thinking (system 2) to make purchase decisions? What are the pros and cons of...
Link to Digital Profile/Portfolio 2. You are taking a database snapshot of your RDS instance. What would be the impact to the I/O operations while taking snapshots? 3. What is the maximum size of RDS...
A physical pendulum of mass m = 3 . 3 6 kg is comprised of an odd shape that has a centre - of - mass a distance of d = 0 . 5 5 5 m from the pivot point. The pendulum is displaced from equilibrium to...
The following information is for Shiller Company for July 2010: a. Applied factory overhead costs to jobs at the predetermined rate of $39.50 per labor-hour. Job 1467 incurred 6,175 labor-hours; Job...
(Investments with significant influence, LO 2) On October 1, 2005 Rowanton Inc. (Rowanton) purchased 40% of the voting shares of Durward Ltd. (Durward) for $1,000,000 cash. As a result of the...
17. When is the AICPA college guide model used?
Suppose that an investor holds a share of Sophia common stock, currently valued at $50. She is concerned that over the next few months the value of her holding might decline, and she would like to...
Part I Capital Assets and Bonds Payable The following information regarding capital assets and outstanding bonds payable is derived from the June 30, 2020 financial statements prepared by the city of...
From the following data, calculate the economic order quantity and the re-order point for Part Z: Working days in a year Safety stock Lead time Order costs Holding cost Annual consumption Cost per...
Shagoon India Ltd. provides the following information in respect of material X Ordering costs are Rs. 20 per order. Purchase price per unit is Rs. 50. Storage costs are 10% of unit value. Compute:...
Which of the following functions are acceptable wave functions over the indicated interval? a. e x 0 < x < b. e 2ix 100 < x < 100 c. e x < x < d. 1/x 1 < <
Refer to the information presented in M7-9. Suppose that Juanita has developed a rectangular, medium-size ceramic pot. It requires 3 hours of kiln time; however, two medium-size pots can fit m the...
Eclipse Company manufactures a variety of sunglasses. Production information for its most popular line, the Total Eclipse (TE), follows: Suppose that Eclipse has been approached about making a...
Sunblocker Corp. makes several varieties of beach umbrellas and accessories. It has been approached about producing a special order for custom umbrellas. The special-order umbrellas with the Randolph...
Sunblocker Corp. is considering eliminating a product from its Happy Sand line of beach umbrellas. This collection is aimed at people who spend time on the beach or have an outdoor patio near the...
Suppose that annual demand for a certain item has decreased dramatically this year, although the store that stocks this item has not updated its inventory policy, so the store is still using the same...
When conducting a test for the difference of means for two independent populations x 1 and x 2 , what alternate hypothesis would indicate that the mean of the x 2 population is smaller than that of...
In 1995 Miguel purchased a home for $130,000. In 2000 he sold it for $170,000 and immediately purchased another one for $180,000, which he sold in 2007 for $235,000. How much taxable capital gain, if...
Describe four decisions for which ABC information is useful.
Department indirect-cost rates are never activity-cost rates. Do you agree? Explain.
Department indirect-cost rates are never activity-cost rates. Do you agree? Explain.
thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock torpeither be up 10% or down 10%. The risk-free rate is 1% per annum compounded...
Question 17 2 pts Activities between affiliated entities, such as a company and its management, must be disclosed in the financial statements of a corporation as O significant relationships O segment...
Marchetti Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...

The following information is available about a company for the year 2008. The inventory is value @

Question:

Material A Material B Material C Opening stock 700 kg 200 litres 1000 kg Purchases 11,500 kg 11,000 litres 1800 kg Closing stock 200 kg 1200 litres 1200 kg

Step by Step Answer:

Material A has the highest inventory turnover ratio whi...View the full answer

Cost Accounting

Students also viewed these Business questions