FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Bohol Company uses standard costing. The following data are available for October: Actual quantity of direct materials used 23,500 pounds Standard price of direct

image text in transcribed
The Bohol Company uses standard costing. The following data are available for October: Actual quantity of direct materials used 23,500 pounds Standard price of direct materials P2 per pound Material quantity variance P1,000 U The standard quantity of materials allowed for October production is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

CISA Certified Information Systems Auditor Study Guide Aligned With The CISA Review Manual 2019 To Help You Audit Monitor And Assess Information Systems

CISA Certified Information Systems Auditor Study Guide Aligned With The CISA Review Manual 2019 To Help You Audit Monitor And Assess Information Systems

Authors: Hemang Doshi

1st Edition

1838989587, 978-1838989583

More Books

Students also viewed these Accounting questions

Question

★★★★★
The October 1, 2013, Accounts Receivable balance for Darin Landscaping is $ 632,500. Of that balance, $ 480,000 represents remaining accounts receivable from September billings. The normal collection...

Answered: 1 week ago

Question

★★★★★
1 points What is Bitcoin? A requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions ( blocks )...

Answered: 1 week ago

Question

★★★★★
What is disclosure of cost method investment?

Answered: 1 week ago

Question

★★★★★
1 Introducing MPO Fentres Founded in 1970 in Alenon (Orne), the company MPO Fentres (Menuiserie Plastique de lOuest) was one of the first French companies in the PVC/carpentry sector to offer a...

Answered: 1 week ago

Question

★★★★★
The standard quantity allowed for the units produced was 4700 pounds, the standard price was $2.50 per pound, and the materials quantity variance was $425 favorable. Each unit uses 1 pound of...

Answered: 1 week ago

Question

★★★★★
Account for disposal of property, plant, and equipment Derricks Demolition purchased a truck on June 15, 2015, for $35,000. A 6% sales tax was added to the cost. In addition, Derricks paid $2,500 to...

Answered: 1 week ago

Question

★★★★★
In order to show more reported gains or less reported losses on the income statement, "gains trading" can be accomplished by selling securities classified as ____ with gains or by transferring...

Answered: 1 week ago

Question

★★★★★
A worker in charge of assembling a bicycle finds a faster way to mount the pedals. He turns to his supervisor. The supervisor explains that the process had been optimized by the engineering...

Answered: 1 week ago

Question

★★★★★
Gamma Manufacturing has prepared the following flexible budget for October and it is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable...

Answered: 1 week ago

Question

★★★★★
What is the role of the customer in service operations? A.) They facilitate collaboration between suppliers B.) They are responsible for majority of fixed costs. C.) They are a supplier of process...

Answered: 1 week ago

Question

★★★★★
A contract to purchase a year of business consulting has a base price of $25,000 but also includes a bonus of $5,000 if the company's performance metrics improve by 10%. Due to the extensive amount...

Answered: 1 week ago

Question

★★★★★
1. Discuss the four components of language.

Answered: 1 week ago

Question

★★★★★
g. What do your findings suggest about the power of the media and their effect on identity formation and intercultural communication? (Think about avowal, ascription, and interpellation.)

Answered: 1 week ago

Question

★★★★★
f. What stereotypes were reinforced in the commercials?

Answered: 1 week ago

Previous Question Next Question