Determining the number of units of product

Assignment Help Accounting Basics
Reference no: EM139906

Last year, Brinkman Company had 20,000 units in its ending inventory. During the year, Brinkman's variable production costs were $12 per unit. The fixed manufacturing overhead cost was $8 per unit in the beginning inventory. The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Given these facts, the number of units of product in the beginning inventory last year must have been:

a. 21,200.
b. 19,200.
c. 18,800.
d. 19,520.

Reference no: EM139906

Questions Cloud

Annotated bibliography-geographic-gender-social-cognitive : Nature of geographic, gender, social, cognitive, emotional and growth factors during each and every period of development.
Determine the firm''s net income : Total assets turnover of 2.7 times. Determine the firm's net income and Calculate the firm's ROA
Determining loss with break-even point : Tarrah Company's variable expenses are 72% of sales. The company's break-even point in sales is $2,450,000. If sales are $60,000 below the break-even point, the company would report a:
Find how much long-term debt does the firm have : How much retained earnings do the firm have and find How much long-term debt does the firm have
Determining the number of units of product : The company's net income for the year was $9,600 higher under variable costing than it was under absorption costing. Given these facts, the number of units of product in the beginning inventory last year must have been:
Evaluate amount of current liabilities : Evaluate amount of current liabilities does this firm have and How much long-term debt does the firm have
Human sexuality concepts : The topic should be associated to human sexuality. You might consult your text and/or your instructor if you would like assistance in recognizing a topic.
Determining the units of product in inventory : The company's net income for the year was $12,000 higher under variable costing than under absorption costing. Given these facts, the number of units of product in inventory at the beginning of the year must have been:
What is the firm''s net income after taxes : What is the firm's net income after taxes - If the company's tax rate was 34 percent, what is its net income after taxes?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Write an article

Write an article

  Tests of transactions-transactions of balance sheet

Include tests of transactions after the balance sheet date as well as tests of transactions during the year under audit. Show

  Evaluate prepaid expense and unearned revenue

Amounts paid on June 30 for a 1-year insurance policy, Professional fees earned but not billed as of June 30

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Disclose the information in financial statements

You are auditing Diverse Carbon, a manufacturer of nerve gas for the military-The company’s legal counsel indicates that the company is liable, but the company does not want to disclose this information in the financial statements.

  Calculate the breakeven point in units

Provide for a general definition of the income statement, its purpose as well as its relation to the Balance Sheet and Cash Flow statements

  Balanced scorecard and perspectives on performance

Make notes on the following two items to help your manager to understand their meaning: The balanced scorecard and its perspectives on performance

  Successful efforts method of accounting for oil exploration

Using the successful efforts method of accounting for oil and gas exploration costs, how much exploration expense would be shown in Exploratory's income statement for 2013?

  Short term financial policy

Short Term Financial Policy

  Discontinue production of subassemblies

Making decision for discontinue production of subassemblies and purchase from an outside supplier.

  Intellectual property claims

Yuli Copters is known to be aggressive in ignoring intellectual property claims. Imagine they just go ahead with the project as stated above. (In other words, they decide not to pay for the license.)

  Find appropriate depreciation expense for the year

Fulfil all required journal entries for each of the long-term activities, which took place during 20x7. Keep in mind to account for the appropriate depreciation expense for the year on any of the long-term assets.

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