Ask Question, Ask an Expert


Ask Financial Accounting Expert

Task1.  A company is producing the electromagnetic field parts for this it needs material Alpha whose original standard consumption is 800 units at 24 $ as well as its actual consumption is 640 units at 26 $ Similarly for material Neutro whose original standard consumption is 400 units at $ 20 and its actual consumption of 520 units at 20 $. It is decided to revise the standard consumption of material Alpha to 680 and that of material Neutro to 40 units to enhance the quality of the product. Find its original standard mix ratio, revised standard mix ratio.

Task2.  If coffee has a standard mix of 400 kg at $ 20 per kg and tea having a standard mix of 600 kg at $ 40 kg as a total of standard mix of both materials is 1000 kg. Coffee’s actual mix of 480 kg at $ 28 per kg and tea’s having 720 kg at $ 36 per kg, with a total of 1200 kg. So, find out material sub usage variance.

Task3.  Six years ago the Singleton Company issue 19-year bonds with a 13% yearly coupon rate at their $1,000 par value. The bonds had an 8% call premium, with 5 years of call protection, today Singleton called the bonds.

1. Evaluate the realized rate of return for an investor who bought the bonds when they were issued and held them till they were called.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M93437

Have any Question? 

Related Questions in Financial Accounting

Vedula advertising agency was founded by murali vedula in

Vedula Advertising Agency was founded by Murali Vedula in January 2007. Presented here are both the adjusted and unadjusted trial balances as of December 31, 2012. VEDULA ADVERTISING AGENCY  Trial Balance  December 31, 2 ...

On january 1 2010 lurline corporation issued ten-year 8

On January 1, 2010 Lurline Corporation issued ten-year, 8 percent bonds with a face value of $500,000. The semiannual interest dates are June 30 and December 31. The bonds were issued for $437,740 to yield an effective a ...

Precision systems had sales of s820000 cost of goods of

Precision Systems had sales of S820,000, cost of goods of $510,000, selling and administrative expense of $60,000, and operating profit of $103,000. What was the value of depreciation expense? Set this problem up as a pa ...

A on january 1 2014 robin wright inc purchased land that

A. On January 1, 2014, Robin Wright Inc. purchased land that had an assessed value of $354,000 at the time of purchase. A $690,000, zero-interest-bearing note due January 1, 2017, was given in exchange. There was no esta ...

Companys cost analysis has concluded that utilities cost is

Company's cost analysis has concluded that utilities cost is a mixed cost, and they are attempting to find a base which the cost might be closely correlated. Quarter: Tons Mixed Direct Labor Hours Utilities Cost Year 1: ...

Billy bob cruise the owner of the good ole boy bar asked

Billy Bob Cruise, the owner of the Good Ole Boy Bar, asked Kidman, CPA, to perform an audit of his accounting records. Billy Bob told Kidman that an audit was required and needed to be completed in time to provide the au ...

The masterson company accepted a 30000 120 day 11 interest

The Masterson Company accepted a $30,000, 120 day, 11% interest bearing note dated December 15, 2007 from one of their customers. The customer eventually paid the note at its maturity value. Based on a 360-day year, what ...

On the first day of the fiscal year nixon company issues a

On the first day of the fiscal year, Nixon Company issues a $923,000, 7%, 10-year bond that pays semi-annual interest of $32,305 ($923,000 x 7% x 1/2), receiving cash of $969,200. Journalize the entry to record the first ...

Qwendells donut shoppe is investigating the purchase of a

QWendell's Donut Shoppe is investigating the purchase of a new $52,100 donut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings of $6,100 per year. I ...

The risk assessment should be presented as a memo to file

The risk assessment should be presented as a memo to file. The memo should identify the users of the financial statement and their reliance on the financial statements, the likelihood of the client having financial diffi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate