Financial Accounting Solved Problems

Attribution Non-Commercial (BY-NC)

7 views

Financial Accounting Solved Problems

Attribution Non-Commercial (BY-NC)

- Change Its Motivational Strategies to Increase Labour Productivity
- Stonewall Industries Derived demand
- AP Econ Practice Prob Mod 70 and 73
- Quiz Standard Costing 2222012 Print
- Republic of the Philippines (2)
- Agricultural Policy
- Tut 13 (hw)
- 90770106-EX-1-Wilkerson
- Research
- Employement XI Plan
- Session 2 Job Search
- Vietnam
- 3360 Unit 02.2.4 2014-I-01
- Aragon & Rud 2013 Natural Resources and Local Communities Evidence From a Peruvian Gold Mine Yanacocha
- 9706_w03_qp_3
- Immigration and Labor
- Cimoli e Porcile (2009) Specialization, Wage Bargaining and Technology in a Multi Goods Growth Model
- Total Fixed Cost
- Law
- OPM

You are on page 1of 3

Perpignan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Perpignan has established the following standards for the prime costs of one unit of product: Standard Quantity 12. pounds 2.& hours Standard Price ! ". #pound !22. #hour Standard Cost ! $%. '".2 !1%1.2

During (une) Perpignan purchased ** ) pounds of direct material at a total cost of !2)*%*) . +he total factory wages for (une were !1)& ) ) , percent of which were for direct labor. Perpignan manufactured 2') units of product during (une using * 2) pounds of direct material and &%) direct labor hours. -hat is the price variance for the direct material ac.uired by the company during (une/ Solution: 0irst) calculate the actual price per unit of materials as follows: !2)*%*) 1 ** ) lbs. 2 !".1 #lb. +hen calculate the materials price variance as follows: 3aterials price variance 2 4ctual .uantity 5 64ctual price 7 Standard price8 3aterials price variance 2 4Q 5 64P 7 SP8 3aterials price variance 2 ** ) 5 6!".1 7 !". 8 2 !**) 9nfavorable 698 2. Perpignan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Perpignan has established the following standards for the prime costs of one unit of product: Standard Quantity 12. pounds 2.& hours Standard Price ! ". #pound !22. #hour Standard Cost ! $%. '".2 !1%1.2

During (une) Perpignan purchased ** ) pounds of direct material at a total cost of !2)*%*) . +he total factory wages for (une were !1)& ) ) , percent of which were for direct labor. Perpignan manufactured 2') units of product during (une using * 2) pounds of direct material and &%) direct labor hours. -hat is the direct material .uantity variance for (une/ Solution:

0irst) calculate the standard .uantity as follows: 2') units 5 12. pounds per unit 2 * ) pounds +hen calculate the material .uantity variance as follows: 3aterials .uantity variance 2 Standard price 5 64ctual .uantity 7 Standard .uantity8 3aterials .uantity variance 2 SP 5 64Q 7 SQ8 3aterials .uantity variance 2 !". 5 6* 2) 7* ) 8 2 !1%) 9nfavorable 698 *. Perpignan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Perpignan has established the following standards for the prime costs of one unit of product: Standard Quantity 12. pounds 2.& hours Standard Price ! ". #pound !22. #hour Standard Cost ! $%. '".2 !1%1.2

During (une) Perpignan purchased ** ) pounds of direct material at a total cost of !2)*%*) . +he total factory wages for (une were !1)& ) ), percent of which were for direct labor. Perpignan manufactured 2') units of product during (une using * 2) pounds of direct material and &%) direct labor hours. -hat is the direct labor rate variance for (une/ Solution: 0irst) calculate the actual rate per hour of direct labor as follows: 6!1)& ) 5 ., 8 1 &%) hours 2 !22.' per hour +hen calculate the labor rate price variance as follows: :abor rate variance 2 4ctual hours 5 64ctual rate 7 Standard rate8 :abor rate variance 2 4; 5 64< 7 S<8 :abor rate variance 2 &%) 5 6!22.' 7 !22. 8 2 !*2) 9nfavorable 698 %. Perpignan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Perpignan has established the following standards for the prime costs of one unit of product: Standard Quantity 12. pounds 2.& hours Standard Price ! ". #pound !22. #hour Standard Cost ! $%. '".2 !1%1.2

During (une) Perpignan purchased ** ) pounds of direct material at a total cost of !2)*%*) . +he total factory wages for (une were !1)& ) ) , percent of which were for direct labor. Perpignan manufactured 2') units of product during (une

using * 2) pounds of direct material and &%) direct labor efficiency variance for (une/ Solution:

0irst) calculate the standard hours as follows: 2') units 5 2.& hours per unit 2 &') hours +hen calculate the direct labor efficiency variance as follows: Direct labor efficiency variance 2 Standard rate 5 64ctual hours 7 Standard hours8 Direct labor efficiency variance 2 S< 5 64; 7 S;8 Direct labor efficiency variance 2 !22. 5 6&%) 7 &') 8 2 !22) 0avorable 608

- Change Its Motivational Strategies to Increase Labour ProductivityUploaded byadadw
- Stonewall Industries Derived demandUploaded byCheryl Ellis
- AP Econ Practice Prob Mod 70 and 73Uploaded byRashid Ayubi
- Quiz Standard Costing 2222012 PrintUploaded byRonna Mae Ferrer
- Republic of the Philippines (2)Uploaded byJuan Dela Cruz
- Tut 13 (hw)Uploaded byClarence Lee
- 90770106-EX-1-WilkersonUploaded bysasi_manjaz
- Session 2 Job SearchUploaded byDenise Aiken
- Agricultural PolicyUploaded byMuhammad Jufri
- ResearchUploaded byKatho St Cloud
- VietnamUploaded byAnant Thaker
- Employement XI PlanUploaded bybhatianavin3430
- 3360 Unit 02.2.4 2014-I-01Uploaded bysunnyopg
- Aragon & Rud 2013 Natural Resources and Local Communities Evidence From a Peruvian Gold Mine YanacochaUploaded bygerardo castillo
- 9706_w03_qp_3Uploaded byNurrawaida Husna Hamzah
- Immigration and LaborUploaded byNenad Ramic Wirtus
- Cimoli e Porcile (2009) Specialization, Wage Bargaining and Technology in a Multi Goods Growth ModelUploaded byArno Paulo Schmitz
- Total Fixed CostUploaded byAsad Ali
- LawUploaded byRaushan Singh
- OPMUploaded byDina Ertoleu
- indias pattern of development:what happened what followsUploaded bySomalKant
- Toy World Analysis Group G 14march2011 FINALUploaded bySareen Kumar
- p7Uploaded byNeha kumari prasad
- Chapter 16 - AnswerUploaded byAgentSkySky
- Exam AnswersUploaded byGiorgi Chemia
- Lecture-19.docxUploaded byRohitPatial
- IntroductionUploaded byMaureen Garrido
- ch 7Uploaded byAbood Alissa
- Final-Quiz-all-topics.docxUploaded byNikki Garcia

- Resource Leverage Practices of Indian FirmsUploaded byDeepshikha Goel
- Is Sustainability Talk a Distraction From What Really MattersUploaded byDeepshikha Goel
- NSDL Case StudyUploaded byDeepshikha Goel
- Financial InclusionUploaded byDeepshikha Goel
- Ch04Uploaded byDeepshikha Goel
- Emat Iimk Part IIUploaded byDeepshikha Goel
- ET Profile 2014Uploaded byDeepshikha Goel
- Java QuizUploaded byDeepshikha Goel
- Java QuizUploaded byDeepshikha Goel
- Full Final IFP Reference 2007Uploaded byDeepshikha Goel
- Microfinance Financial Inclusion and Financial Development WHITE PAPERUploaded byDeepshikha Goel
- Higashimaru ConUploaded byDeepshikha Goel
- Self NotesUploaded byDeepshikha Goel
- Micro Finance - Existing Legal Regulatory FrameworkUploaded byjayasundari
- Ch09Uploaded byDeepshikha Goel
- Final MergedUploaded byDeepshikha Goel
- Solved ProblemsUploaded byDeepshikha Goel
- Ch05Uploaded byDeepshikha Goel
- Ch03Uploaded byDeepshikha Goel
- ch02Uploaded byDeepshikha Goel
- ch01Uploaded byDeepshikha Goel
- Exam PracticeUploaded byDeepshikha Goel
- Indian Financial SystemUploaded byDeepshikha Goel
- K theoryUploaded byDeepshikha Goel
- Porters StrategyUploaded byDeepshikha Goel
- Dr R a Mashelkar _Gandhian EngineeringUploaded bysanoopgopi

- Growing and Preserving Jobs by Transitioning to Employee Ownership 5.17.17Uploaded bycrainsnewyork
- 9-11Commission Hearing 2003-11-19Uploaded byjrod
- Roki Patel Sap SdUploaded bysatya149
- BK Oscilloscope Applications GuidebookUploaded byLito Suaco
- KKMS 112555298 Fixed Structure Brochure en v2Uploaded byKarbonKale
- P2P technical Detailes.docxUploaded byDoifode Pralhad
- Complete Indoor and Outdoor LED Lighting Solutions at NormasymUploaded byRune Larsen
- ContentsUploaded byhebasignal
- Stability of Ships - 1Uploaded bypothirajkalyan
- oracle-goldengate-for-database-2031145.pdfUploaded bydoanduchai
- British StandardUploaded byashwani
- Srs on quora.comUploaded byAbhilash Mishra
- EFFECT OF THE ADDITION OF GLASS BOTTLE PARTICLES ON THE MECHANICAL STRENGTHS OF COMPRESSED BLOCKS OF FIRED CLAY AND STABILIZED EARTH.Uploaded byIJAR Journal
- Internship Report on Nayyer Carpets IndustriesUploaded bybbaahmad89
- evolution unit planUploaded byapi-252795781
- manual de partes electricasUploaded byJuan Rivera
- Steep Ramps and StairsUploaded byou82much
- Solar Controller and Inverter CatalogueUploaded byAnonymous 4MLEo9TVQ
- New Enhancements 0512Uploaded bySabariram Kandasamy
- Dynamics Chapter Summaries.pdfUploaded byHector Ledesma III
- BICSI Codes Standards RegulationsUploaded byGabriel Contreras Diaza
- GP_relatorioanual2007_20080519_engUploaded byLicaBorges
- Discoverylx PDFUploaded byPool Pros
- BIS4425_02_Tech-Gov-13-14.pptUploaded byTyler Knight
- 9-English-Sample-Papers-2018-2019-Set-2.pdfUploaded byNitin Choudhary
- Edwards Signaling E-FSA250R Data SheetUploaded byJMAC Supply
- 21905-840Uploaded bynabilalhamdani
- Akulinichev Cern 2012Uploaded byRISKA FITRIANI
- MemoryUploaded byskutastic
- Planning PromptsUploaded bycata_lin