Calculate the amount of fixed manufacturing overhead

Assignment Help Managerial Accounting
Reference no: EM13935831

The following information relates to Porter Manufacturing for fiscal 2011, the company's first year of operation:

Selling price per unit............. $ 150
Direct material per unit............ $ 75
Direct labor per unit ............. $ 30
Variable manufacturing overhead per unit.... $ 5
Variable selling cost per dollar of sales.....$ 0.05
Annual fixed manufacturing overhead....$2,750,000
Annual fixed selling expense.......$1,500,000
Annual fixed administrative expense......$ 900,000
Units produced...............$ 250,000
Units sold.................$ 230,000


a. Prepare an income statement using full costing.
b. Prepare an income statement using variable costing. 
c. Calculate the amount of fixed manufacturing overhead that will be included in ending inventory under full costing and reconcile it to the difference between income computed under variable and full costing.

Reference no: EM13935831

An attorney or a cpa

Would the following three items be considered advantages of the Small Case Division of the Tax Court: 1. Taxpayer can handle the litigation without using an attorney or a CPA.

Gain or loss on sale

A company purchased a trunk on Jan 1, 2002 for $40,000. The truck has an estimated life of 6 years and an estimated residual value of $4,000.

How those issues impact the various financial statements

List a few of the issues and considerations businesses should have when it comes to the selection of long-term investments and how those issues impact the various financial

Static budget versus flexible budget

Why do you think companies make mistake of only paying close attention to the static budget? Is it just not wanting to spend the time and money?

Busybody company expects its november sales

BusyBody Company expects its November sales to be 20% higher than its October sales of $180,000. Purchases were $110,000 in October and are expected to be $160,000 in November

Comply with the new federal regulations

Should bay side sell the plant or comply with the new federal regulations? To simplify calculations, assume that any additional improvements are paid for on December 31, 201

Prepare an unadjusted trial balance

Kimberly Manis, an architect, organized Manis Architects on January 1, 2016. Determine account balances of the T accounts. Accounts containing a single entry only (such as Pre

Prepare reports in a responsibility system for plant manager

The Dallas plant manager's office costs were $97,530 actual and $93,440 budget. The vice president of production's office costs were $135,950 actual and $132,660 budget. Off


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd