Compute gross margin for february

Assignment Help Managerial Accounting
Reference no: EM132804870

Nurikamal Technology Inc. manufactures heavy duty flash lights. January and February operations were identical in every way except for the planned production.

  • January had a production denominator of 88844 units.
  • February had a production denominator of 65847 units.
  • Fixed manufacturing costs totaled 211812.

Sales for January month totaled 88844 units with variable manufacturing costs of 7 per unit. Sales for February month totaled 65847 units. Selling and administrative costs were 2 per unit variable and 53259 of fixed. The selling price was 10 per unit.

Problem 1: Compute Gross Margin for February

Problem 2: Compute OI for January

Problem 3: Compute OI for February

Reference no: EM132804870

Questions Cloud

Police and practice discussion : Discuss some of the challenges related to training police organizations faces as well as some strategies to address those challenges.
Business law : The IDDR Approach and Fraudulent Misrepresentation. Identify and consider the firm's primary ethical dilemma using the IDDR approach.
Handout for accreditation : Assume you work for a healthcare organization that is seeking accreditation by the Central Board for Accreditation of Healthcare Institutions.
Discuss about the accounting for lease arrangements : Discuss two (2) differences about the accounting for lease arrangements (financiang leases) and blended payments instalment notes payable.
Compute gross margin for february : Compute Gross Margin for February.Sales for January month totaled 88844 units with variable manufacturing costs of 7 per unit.
Find the monthly depreciation charge is calculated : Find the monthly depreciation charge is calculated as the yearly depreciation expense divided by the number of months in a year.
Describe the four ways and the tax impact : There are four ways tax consequences may affect the after-tax net proceeds received from the sale of an asset. Describe the four ways and the tax impact.
What is the carrying value of the bonds on december : On March 31, 20x7, EASY uses the interest method to amortize bond discount. What is the carrying value of the Bonds on December 31, 20x7.?
What is the interest expense of the bonds on december : Interest is payable annually on July 1. HARD uses the interest method to amortize bond discount. What is the interest expense of the Bonds on December 31, 20x8?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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