FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Bumgardner Incorporated has provided the following data concerning one of the products in its standard cost system. Inputs Direct materials Standard Quantity or Hours per Unit of Output 8.0 liters Standard Price or Rate $ 5.00 per liter The company has reported the following actual results for the product for April: Actual output Raw materials purchased 7,400 units 65,400 liters $ 5.70 per liter 59,210 liters Actual price of raw materials Raw materials used in production The raw materials price variance for the month is closest to: (Round your intermediate calculations to 2 decimal places.)arrow_forwardCP 13–5The following data are taken from the records of Cronkite Corp.:2019$2,5201,890630510$ 1202018$1,440960480430$ 50SalesCost of goods soldGross profitOther expensesNet incomeRequired: Perform horizontal analysis on the above date and interpretyour resultsarrow_forward16 1:24 il k M Brokeroge O Brokerege Purchase (+) Sell (-) = 250 XOSp = 7125 Purchae cort pthee = 2So+125 = 7 251.25 No d ha 75375 251.25 300 the O Brokeroge 720 x042 - Sallig Pice pn thoe = 720 - 288 = 717 No ot Ahey 420272 717.12 Published on Mar 20, 2020 1)Mr. Shah invested Rs. 75,375 to purchase equity shares of a company at market price of Rs. 250 through a brokerage firm, charging 0.5% brokerage. The face value of a share is Rs. 10. How many shares did he purchase ? 2) Mr. Nene received Rs. 4,30,272 after selling shares of a company at market price of Rs. 720, through Sharekhan Ltd., with brokerage @ 0.4%. The face value of the share is Rs. 10. Find the number of shares he sold. 3)Aniket invested Rs. 61,357.5 in equity shares of Rs. 100 each at a market price of Rs. 135 per share. Later he sold these shares at a market price of Rs. 160 per share. He paid 1% brokerage on each transaction. Find his net gain and also the percent gain. Source : BUSINESS MATHEMATICS - MANANarrow_forward
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