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!
Comparison of actual-costing methods. The Rehe Company sells its razors for $3 per unit. The company uses a first-in, first-out actual costing system. A fixed manufacturing cost rate is computed at the end of each year by dividing the actual fixed manufacturing costs by the actual production units. The following data are related to its first two years of operation:
Variable manufacturing
Fixed manufacturing
Variable operating (marketing)
Fixed operating (marketing)
1,000
400
1,200
1. Prepare income statements based on variable costing for each of the two years.
2. Prepare income statements based on absorption costing for each of the two years.
3. Prepare a numerical reconciliation and explanation of the difference between operating income for each year under absorption costing and variable costing.
4. Critics have claimed that a widely used accounting system has led to undesirable buildups of inventory levels. (a) Is variable costing or absorption costing more likely to lead to such buildups? Why? (b) What can be done to counteract undesirable inventory buildups?
the modified accelerated cost recovery system macrs specifies which of the following depreciation methods for
extractor company leased a machine on july 1 2013 under a 10-year lease. the economic life of the machine is estimated
A company had gross profit of $134,200 on net sales of $205,000. If ending inventory was $8,000 and average inventory was $7,080, what is the company's inventory turnover.
stewart company sold 180 units 320 each on october 31 2012. cash selling and administrative expenses were 15000. the
kiltop company produces a toy dart gun. the projected income statement for the coming year follows
Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is$2,500,000.
At Ace Company, overhead is assigned to production departments at the rate of $5 per machine hour. In July, machine hours were 3,000 in the Machining Department and 2,400 in the Assembly Department. Prepare the entry to assign overhead to producti..
sande corporation makes a product with the following standard costs in november the companys budgeted production was
dawling computer systems is considering a project that has the following cash flow data. what is the projects irr? note
which is the rate users pay to providers. For debt, we call this price the interest rate. For equity, we call this price the cost of equity. Discuss the four most fundamental factors affecting the cost of money.
During 2012 Daveo sells inventory costing $200,000 to BUA301co for 400,000 on credit. Daveo is concerned about collectability of the receivable so accounts for the transaction under the installment Sales method. Before the end of the year BUA301co..
your company sells 749300 of goods during the year at a cost of goods sold of 538600. inventory was 31183 at the
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