JB Ltd has been asked to quote for a special job. The job requires 800 kg...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
JB Ltd has been asked to quote for a special job. The job requires 800 kg of material J. A total of 500 kg of material J is in stock as a result of a previous buying error. The original price of this material was £300. There is no other use for this material J but it has a resale value of £200. The current replacement price of material J is £0.80 per kg. What is the relevant cost of material J for this job? (A) £200 (B) £300 (C) £440 (D) £540 (E) £640. JB Ltd has been asked to quote for a special job. The job requires 800 kg of material J. A total of 500 kg of material J is in stock as a result of a previous buying error. The original price of this material was £300. There is no other use for this material J but it has a resale value of £200. The current replacement price of material J is £0.80 per kg. What is the relevant cost of material J for this job? (A) £200 (B) £300 (C) £440 (D) £540 (E) £640.
Expert Answer:
Answer rating: 100% (QA)
ANS WER The relevant cost of material J for this job is 440 WORK ING 500 x 0 80 400 400 3... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Foo Limited has been asked to quote for a special order. The details are as follows: 1. Prices are to be quoted at order levels of 50,000, 100,000 and 150,000 units respectively. Foo has some surplus...
-
A survey respondent from Florida has been asked to respond as to whether or not he or she owns a boat, and if so, whether he or she stores the boat at a marina. Over two hundred respondents are...
-
A security service employing 10 officers has been asked to provide 3 persons for crowd control at a local carnival. In how many different ways can the firm staff this event?
-
The manufactured wood beam carries a uniformly distributed load of in- tensity wo. Determine the largest safe value of wo if the maximum shear stress in the wood is limited to 300 psi. 1.0 ft Wo 4 ft...
-
Last week June worked 44 hours. She is paid $10.20 per hour for a regular workweek of 37.5 hours and overtime at time-and-a-half regular pay. (a) What were Junes gross wages for last week? (b) What...
-
Using Exhibits 24-1 and 24-3, calculate the current ratio, days in accounts receivable, total asset turnover, interest coverage, long-term debt to stockholders' equity, profit margin, and return on...
-
Use the same information for Outdoor Experiences Pty Ltd in exercise 22.7. The accountant cant make decisions on the future of the company without your authority as manager, so he believes it is...
-
You have an option to purchase all of the assets of the Overland Railroad for $2.5 billion. The option expires in 9 months. You estimate Overland?s current (month 0) present value (PV) as $2.7...
-
Discuss some of the myths associated with teen pregnancy? Why are these myths incorrect and what harm can they do? How can we as workers in the fieldwork to help change these perceptions?
-
The return on equity (ROE) of Child SA is 14 per cent and it has a payout ratio of 0.5. Current book value per share is 50 and the book value will grow as the firm reinvests earnings. Assume that the...
-
In the DNA isolation process, how was the DNA stabilized? Multiple Choice O O O O The test tube was placed in a hot water bath. The test tube was vigorously shaken. The test tube was placed in an ice...
-
Is the PIC16F a general-purpose register machine?
-
How many functional units does the C64x have?
-
What C55x register holds arithmetic and bit manipulation flags?
-
How large is the program counter stack in the PIC16F?
-
What is the difference between DP and PDP addressing modes in the C55x?
-
Explain why the auditor needs to know how to conduct a risk assessment. Why does the auditor need to know how to conduct a risk assessment?
-
The pendulum consists of two rods: AB is pin supported at A and swings only in the y-z plane, whereas a bearing at B allows the attached rod BD to spin about rod AB. At a given instant, the rods have...
-
Do break-even charts and profit graphs help management to make more meaningful decisions?
-
The following is Ash's trial balance as at 31 March 2011: Additional information: 1 Stock at 31 March 2011: 15 000. 2 At 31 March 2011 there was a specific bad debt of 6000. This was to be written...
-
Management accountants hold an extremely powerful position in an entity, and this enables them to influence most of the decisions. How far do you think that this assertion is likely to be true in...
-
Which form of financing allows the source of the funds to share in the wealth if the company which received the financing does well? a. A loan b. An investment c. Both a loan and an investment d....
-
Which form of financing requires repayment, regardless of whether the company receiving the funds does well or not? a. A loan b. An investment c. Both a loan and an investment d. Neither a loan nor...
-
What are vertical and horizontal financial statement analyses? What are their advantages?
Study smarter with the SolutionInn App