Last month peewee company manufactured 20000 units and sold

Assignment Help Accounting Basics
Reference no: EM13582073

Last month, PeeWee Company manufactured 20,000 units and sold 18,000 of these units at a price of $8.00 per unit. Manufacturing costs consisted of direct labor, $30,000;direct materials, $32,000; variable manufacturing overhead, $3,600; fixed manufacturing overhead, $21,600. Selling and administrative costs totaled $24,000.Reference:What is PeeWee's net income using variable costing?

Reference no: EM13582073

Questions Cloud

You have been asked to develop the following longwall : a longwall mine is planned in illinois. the following data are given to you.mining depth- 1000 feetthickness of near
The following questions are based on waist restraint : the following questions are based on waist restraint corporation which produces belts that sell for 15 per unit. of the
Prepare a two-page paper on financing ventures in the : prepare a two-page paper on financing ventures in the fashion industry. format the paper in the apa style. include the
K01 also can be purchased from an outside supplier at 50 : ki corporation produces 10000 units of k101 each week for use in the assembly of its finished products. the unit cost
Last month peewee company manufactured 20000 units and sold : last month peewee company manufactured 20000 units and sold 18000 of these units at a price of 8.00 per unit.
There was no beginning inventoryduring the year the : there was no beginning inventory.during the year the company sold 172000 units. if net income using full and variable
Explain the difference between multiple independent : q1. explain the difference between multiple independent variables and multiple levels of independent variables. which
Provide all the eliminating entries required as of december : parent corporation acquired 75 percent of signature companys voting stock on january 1 201x at underlying book value.
Prepare a contribution format segmented income statement : vulcan companys contribution format income statement for june is given belowvulcan compatnyincome statementfor the

Reviews

Write a Review

Accounting Basics Questions & Answers

  How advanced accounting has affected

How "Advanced Accounting" has affected you in your professional development as a professional and as a person as well as encouraging you on your academic path.

  Legislative regulation and interpretative regulation

What is the difference between a legislative regulation and an interpretative regulation?

  Types and functions of financial intermediaries

Explain the role of the Financial System Why do we need financial markets? Why do we need financial intermediaries? What are types and functions of financial intermediaries?

  An internal service fund the center engaged

William County opted to account for its duplication service center in an internal service fund. Previously the center had been accounted for in the county's general fund. During the first month in which it was accounted for as an internal servi..

  Find the new breakeven point in sales units

Compute the breakeven point in sales dollars and find the new breakeven point in sales units if the fixed costs go up by $10,125.

  Re-establish level of compensation

In your opinion, should the other partners allow the problem partner to re-establish their level of compensation when there was originally an issue? Why/why not?

  Estimated liability for warranties account

Determine the adjusted ending balance in the Estimated Liability for Warranties account. Example: You invest $1,000 for 3 years earning 9% simple interest. How much will you have at the end of three years?

  Discuss the difference between variable costing

Discuss the difference between variable costing and full costing. Why would income computed under full costing exceed income computed under variable costing if production exceeds sales?

  Various types of confirmations

You decide that you will address Smackey Dog Food, Inc.'s accounts receivables through confirmations. Discuss the various types of confirmations and what forms you will implement and why.

  Estate tax purposes as of which date

If an election is available and is made to use alternate valuation for federal estate tax purposes, then if a parcel of real estate owned by the decedent is sold within six months after the decedent's death, the parcel of real estate is valued for..

  You are provided the overhead cost data for the auerbach

You are provided the overhead cost data for the Auerbach Enterprises.  Management needs advice in determining how to allocate these costs utilizing a job order costing system either department-wide or company-wide.   Address Questions 1through 5 loca..

  Waterworks has a dividend yield of 575 if its dividend is

waterworks has a dividend yield of 5.75. if its dividend is expected to grow at a constant rate of 2.75 what must be

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