User Account

All Pages

What was indiana corporations net operating income

Assignment Help Managerial Accounting
Reference no: EM13341520

Indiana Corporation produces a single product that it sells for $9 per unit. During the first year of operations, 100,000 units were produced, and 90,000 units were sold. Manufacturing costs and selling and administrative expenses for the year were as follows:

 

Fixed Costs

Variable Costs

Raw materials

 

$1.75 per unit produced

Direct labor

 

$1.25 per unit produced

Factory overhead

$100,000

$0.50 per unit produced

Selling and administrative

$70,000

$0.60 per unit
sold

What was Indiana Corporation's net operating income for the year using variable costing?

Reference no: EM13341520

Questions Cloud

How far below the top of the well is the surface of water : The man hears the sound of the splash 2.8 s after he releases the rock from rest. The speed of sound in air (at the ambient temperature) is 336 m/s. How far below the top of the well is the surface of the water
Evaluate the total contribution margin : Callaham Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume.
Explain how many grams of dry nh4cl need to be added : How many grams of dry NH4Cl need to be added to 2.10 L of a 0.700 M solution of ammonia, NH3, to prepare a buffer solution that has a pH of 8.89? Kb for ammonia is 1.8*10^-5. mass of NH4Cl
What is the force required by the deltoid muscle : The arm of a person weighs 41.5N, which acts at the center of mass that is located 29.0cm from the rotation point in the shoulder. What is the force required by the deltoid muscle, Fd, to hold the arm parallel to the floor
What was indiana corporations net operating income : What was Indiana Corporation's net operating income for the year using variable costing - Manufacturing costs and selling and administrative expenses for the year were as follows:
Determine what is the unknown force by only object b : Object A is acted on by only object B. The mass of object A is 20.0 kg and its acceleration is 4.00 m/s2 west. Object B is acted on by two forces, the force of object A on object B and another unknown force.
Explain very concentrated solution of potassium iodate : Suppose that a very concentrated solution of potassium iodate is added to a saturated solution of cupric iodate. What will happen
Determine the density of the fluid : At a temperature of 0° C, the mass and volume of a fluid are 798 kg and 1.25 m3. The coefficient of volume expansion is 1.25 10-3(° C)?1. What is the density of the fluid when the temperature has risen to 21.0° C
Determine the magnitude of the average electric field : Suppose a proton accelerator is 3.99 m long and must accelerate protons from rest to a speed of 1.15 x 107 m/s. Ignore any relativistic effects and determine the magnitude of the average electric field

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the allocation of revenue from bundled services

The types of risk an organization faces can be divided into four different categories - Determine the allocation of revenue from bundled services

  Develop a company and determine producation and sell

Compare and contrast financial and managerial accounting. Define fixed, variable, and mixed costs and explain the cost behaviors of each. Demonstrate the proper accounting for job order costing and process costing. Distinguish between and demonstrate..

  Prepare journal entries to record the preceding information

Prepare journal entries to record the preceding information and show what is reported on the Holly Companys 2010 income statement.

  Explain how activity based costing could overcome

Explain how activity based costing could overcome the deficiencies in the existing costing system and use activity based costing to develop the cost for each activity centre.

  Managerial accounting-budgeting

Explain the logical flow represented in the master budget, beginning with the organization goals and ending with the pro forma financial statements.

  Calculate the break-even point

Calculate the break-even point in units if Play For Fun Berhad uses the: machine-intensive manufacturing method. labor-intensive manufacturing method.

  Evaluate the recommendation of controller morgan

Evaluate the recommendation of controller Morgan and evaluate the recommendation of the Vice president

  Discuss the pros and cons of robert lehnert

From a qualitative viewpoint, discuss the pros and cons of Robert Lehnert and his partners launching this venture and identify all costs associated with this venture. Categorize these costs as fixed, variable and one time investment.

  Determine the variance for each line of the profit

Determine the variance for each line of the profit and loss statement in both dollar terms and percentage terms

  Professionalism and ethics in accounting

Professionalism and ethics in accounting and the history of accounting

  How many shares of common stock

How many shares of common stock are issued and how many shares of common stock are outstanding?

  Budget line for consumer-using demand curve and utility

Given the following information, Describe the budget line for consumer. Be sure to label the axis and give a number for vertical and horizontal intercepts. Slope? Meaning?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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