Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem-
DeAnne Company produces a single product. The company's variable costing income statement for August appears below:
DeAnne Company
Income Statement For the month ended August 31
Sales ($20 per unit)
$ 802,000
Variable expenses:
Variable cost of goods sold
521,300
Variable selling expense
80,200
Total variable expenses
601,500
Contribution margin
200,500
Fixed expenses:
Fixed manufacturing
142,880
Fixed selling and administrative
35,720
Total fixed expenses
178,600
Net operating income
$ 21,900
The company produced 35,720 units in August and the beginning inventory consisted of 8,340 units. Variable production costs per unit and total fixed costs have remained constant over the past several months. Under absorption costing, the ending inventory for the month ended August 31 would be reported at:
a. $51,480
b. $75,240
c. $67,320
d. $80,240
Additional Requirement-
The problem belongs to Basic Accounting and it illustrate about evaluation of month end inventory using absorption costing.
production and cash-outlay computations rpr inc. anticipates that 120000 units of product k will be sold during may.
at the close of its first year of operations december 31 2014 madeline company had accounts receivable of 1100000 after
fullerton waste management purchased land and a warehouse for 640000. in addition to the purchase price fullerton made
aaa lock manufacturing co. makes and sells several models of locks. the cost records for the zforce lock show that
Compute the ABC indirect manufacturing cost per unit for each product and compute the indirect manufacturing cost per unit using direct labor hours from the single-allocation-base system.
What should be hathaway's net operating income in April based on a flexible budget?
this problem comes from managerial accounting a focus on ethical decision making 5th edition jackson sawyer and
which one of the following statements concerning the required rate of return on stocks is true?what is the yield to
serber inc. which uses a volume-based cost system produces cat condos that sell for 200 each. direct materials cost 19
Larry Company prepares bank reconciliations that adjust to the correct balance of cash, based on the following.
analyze funding opportunities for small businesses including the role of the small business administration sba.then
bumpas enterprises purchases 4562500 in goods per year from its sole supplier on terms of 215 net 50. if the firm
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd