Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 28, 2024

on Company XYZ has total prime cost of $24,000 and total conversion cost of $48,000. Assume that manufacturing overhead cost is twice the direct

on Company XYZ has total prime cost of $24,000 and total conversion cost of $48,000. Assume that manufacturing overhead cost is twice the direct labor cost, how much is the direct materials cost? Select one: Oa. None of the given answers Ob. 16,000 c. 32,000 d. 24,000 e. 8,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting A User Perspective

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

6th Canadian Edition

978-0470676608

Students also viewed these Accounting questions

Question

★★★★★

Prepare a company analysis (strengths and weaknesses) Instructions - Prepare the SW portion of a SWOT analysis as a report. Use your textbook and the instruction below. Prioritizing the Results: The...

Answered: 1 week ago

Question

★★★★★

Use the same data from BE110 above and the data below. Determine the missingamounts. Total Manufacturing Costs Work in Process $120,000 $463,000 Work in Process (12/31) $82,000 $98,000 Cost of Goods...

Answered: 1 week ago

Question

★★★★★

How do Starbuckss new plans for its stores reflect its sense of social responsibility?

Answered: 1 week ago

Question

★★★★★

6. b is: (a) 2.049 (b) 0.31928 (c) 0.01659 (d) None of these

Answered: 1 week ago

Question

★★★★★

Review each of the following independent sets of conditions. Required: Use AICPA sample size tables to identify the appropriate sample size for use in a statistical sampling application (ROO 5 risk...

Answered: 1 week ago

Question

★★★★★

Select one: a. Define the problem c. Evaluate a plan d. Implement a plan

Answered: 1 week ago

Question

★★★★★

A hurricane wind blows across a 8.00 m x 17.8 m flat roof at a speed of 170 km/hr. What is the pressure difference? Express your answer with the appropriate units. Ap= Submit Part C Previous Answers...

Answered: 1 week ago

Question

★★★★★

The notion of visual management and visual control is utilised as part of the lean management system to handle work in a methodical fashion, including decreasing the tracking time for accessing email...

Answered: 1 week ago

Question

★★★★★

When a company evolves beyond its need for an international division, it may be considered a global enterprise. At this stage in its development, it may have any of several organizational structures....

Answered: 1 week ago

Question

★★★★★

South Africa has experienced energy crisis in the past few years. This has led to the many rounds of excessive loadshedding and the Central University of Technology is concerned about the effects of...

Answered: 1 week ago

Question

★★★★★

While the media focused on the downward spiral of the physical retail sector, it seems Amazon was busy ramping up its roll-out of physical stores, a development that many observers have perceived as...

Answered: 1 week ago

Question

★★★★★

A convenience store uses a markup of 6 0 % on selling price of $ 9 . If this yield a gross profit of $ 5 . 4 0 , what was the cost?

Answered: 1 week ago

Question

★★★★★

PART IV Capital Structure and Dividend Policy STEPHENSON REAL ESTATE RECAPITALIZATION Stephenson Real Estate Company was founded 25 years ago by the current CEO, Robert Stephenson. The company...

Answered: 1 week ago

Question

★★★★★

TRUE-FALSE QUESTIONS 1. In terms of preliminary analytical procedures, assume that the company has introduced a new product with a low price point and significant customer demand. The auditor would...

Answered: 1 week ago

Question

★★★★★

Discuss the potential impact that each of the following may have on the design of a planning and control system. Will the impact change if the organization is more focused on products rather than...

Answered: 1 week ago

Question

★★★★★

Discuss possible implications on planning and control if the customer base changes to the extent that an order qualifier has shifted to become an order winner.

Answered: 1 week ago

Question

★★★★★

Describe the possible cost implications of producing a standard product in a jobshop environment.

Answered: 1 week ago

Previous Question Next Question