The unit standard cost is the product of the standard price times the standard quantity for each

Fantastic news! We've Found the answer you've been seeking!

Question:

The unit standard cost is

the product of the standard price times the standard quantity for each unit.

the price standard for each unit.

the actual cost for a standard product.

the amount of actual cost to produce a unit in a standardized process.

Related Book For answer-question

Cost Accounting

ISBN: 978-0759338098

14th edition

Authors: William K. Carter

See More Books

Posted Date: Aug 29, 2022 05:59 AM

See More Questions

Price = $20, quantity = 400 units, unit cost = $15, implicit costs = $4,000. What does economic profit equal?
A manufacturing process may produce a considerable quantity of scrap material because of the nature of the product. What methods can be used to account for the sales value of scrap material?
The actual price for a product was $56 per unit, while the planned price was $50 per unit. The volume decreased by 40,000 units to 820,000 actual total units. Determine. (a) The sales quantity factor...
The economic environment of our country currently does not lend itself to being able to successfully run capital campaigns. In a two page document, research and identify 2 successfully capital...
Is there sufficient evidence to conclude that foreign-born people are more likely to have a graduate degree (DEGREE: 4 = Graduate, 1-3 = Other) than people born in the United States?
Two firms, Vesuvius and Etna, are each emitting nine units of pollution, and the government wants to reduce the total level of pollution from the current level of 18 to six. To do this, the...
As a gambling facility, MGM Desert Inn, Inc., regularly holds and executes negotiable instruments. During a period of two months, patron William E. Shack Jr. entered MGM and delivered eight checks to...
NPV, Relevant costs, Income taxes Phish Corporation is the largest manufacturer and distributor of novelty ice creams across the East Coast. The companys products, because of their perishable nature,...
2. Please using k-means clustering method to cluster these data points in to 2 clusters. Please provide step by step operations. (10 points) Sample: Feature 1 Feature Step1: 1 1234567 2.5 1.5 2 2.0...
CVS Health Corporation showed 2019 net income from continuing operations of $6,631 million. The following is an excerpt from a disclosure note to CVS Healths 2019 financial statements: Required: 1....
You may not buy a home or need a mortgage for several years, but it's important to understand some of what that entails. Complete this worksheet with your first home in mind. I hope to buy my home in...
Abarbanell, Inc., issues $\$ 450,000$ of zero coupon bonds that mature in 10 years. Compute the bond issue price assuming that the bonds' market rate is: a. $8 \%$ per year compounded...
What are the key contextual changes in B2B buyer behavior? What impact do these have on traditional price management practices?
Use the Brand24 case study to outline three to five critical success factors important in the price realization project. Why do you think theyre essential?
Suppose you estimate a regression using 20 observations and 16 independent variables. You compute R 2 to be .98. Explain why R 2 may not be an appropriate measure of the goodness of fit. Can you...
Smithe Inc. signed a 90-day, 6\% note payable for $\$ 6,900$ on December 16 . Use the financial statement effects template to illustrate the year-end December 31 accounting adjustment Smithe must...
A system with an initial investment of 80,000 TL provides an annual return of 14000 TL. Assuming that there is an annual expense of 800 TL for the system to be sustainable and the system has an...
A survey of 70 college freshmen asked whether students planned to take biology, chemistry, or physics during their first year. Use the diagram to answer each question. How many of the surveyed...
What is the rationale supporting the use of process costing instead of job order costing for product costing purposes?
National Industries is a diversified corporation with separate and distinct operating divisions. Each division's performance is evaluated on the basis of total dollar profits and return on division...
Alabaster Incorporated has made the following manufacturing cost data available for the most recent period: Work in process-beginning of period: Costs for the period: Required: (1) Compute the actual...
Let $F: \mathbb{R} ightarrow[0,1]$ be a distribution function. a) Show that there exists a probability space $(\Omega, \mathscr{A}, \mathbb{P})$ and a random variable $X$ such that...
Let $\left(B_{t}ight)_{t \geqslant 0}$ be a $\mathrm{BM}^{d}$ and assume that $X$ is a $d$-dimensional random variable which is independent of $\mathscr{F}_{\infty}^{B}$. a) Show that...
Let $\left(B_{t}, \mathscr{F}_{t}ight)_{t \geqslant 0}$ be a one-dimensional Brownian motion. Which of the following processes are martingales? a) $U_{t}=e^{c B_{t}}, c \in \mathbb{R}$; b)...

The unit standard cost is the product of the standard price times the standard quantity for each

Question:

Expert Answer:

The unit standard cost is the product of the standard price times the stan... View the full answer

Cost Accounting

Students also viewed these accounting questions