Reference no: EM131929264
Question - Cutting Edge Corp. produces sporting equipment. In 2012, the first year of operations, Cutting Edge produced 25,000 units and sold 20,000 units. In 2013, the production and sales results were exactly reversed. In each year, selling price was $100, variable manufacturing costs were $40 per unit, variable selling expenses were $8 per unit, fixed manufacturing costs were $540,000, and fixed administrative expenses were $200,000.
Instructions
(a) Compute the net income under variable costing for each year.
(b) Cutting Edge Corp. produces sporting equipment. In 2012, the first year of operations, Cutting Edge produced 25,000 units and sold 20,000 units. In 2013, the production and sales results were exactly reversed. In each year, selling price was $100, variable manufacturing costs were $40 per unit, variable selling expenses were $8 per unit, fixed manufacturing costs were $540,000, and fixed administrative expenses were $200,000.
(c) Reconcile the differences each year in income from operations under the two costing approaches.
|
What is occupational stress
: What is occupational stress? What are some of the components of occupational stress? Give examples of occupational stress in your own life.
|
|
Describe in detail nazi economic and social policies
: What were the major flaws in the Nazi economy? How did those flaws contribute to the defeat of Germany in 1945?
|
|
Discuss the development of imperialism in africa and asia
: Discuss the development of imperialism in Africa and Asia. What was the new imperialism and what specific regions were brought more tightly under imperialist
|
|
What is the greek polis and what is its values
: In three sentences what is the Greek polis and what is its values? List three ways that the Greek polis values shaped the Greek culture
|
|
Compute the net income under variable costing for each year
: In 2012, the first year of operations, Cutting Edge produced 25,000 units and sold 20,000 units. Compute the net income under variable costing for each year
|
|
Discuss about the avoiding teratogens
: Discuss avoiding teratogens (before and during pregnancy for father and mother) and why it is essential for the birth of a healthy baby.
|
|
Ordinary people of society
: The Realists were dedicated to justice for the working class, the ordinary people of society. Courbet was actually imprisoned as a result of his involvement
|
|
Prepare a balance sheet for Beta Industries
: Based on the unadjusted trial balance and the additional date, prepare a balance sheet for Beta Industries, Inc., dated December 31, 2009
|
|
List the closure properties
: Given the following grammar in GNF, make an NPDA to accept the same language - Prove that the language is not context-free
|