Reference no: EM132586248
ABC Co. manufactures plastic pet toys. At the start of the current year, ABC Co. had no inventory. During the year, Hilton produced 5,600,000 units, and it sold 5,000,000 units for $2.25 each.
Variable Manufacturing costs were $0.85 per unit (consisting of $.40 of direct materials), and variable general, selling and administration cost was $0.15 per unit. Fixed Manufacturing costs were $2,300,000 and fixed general, selling and administrative costs were $1,100,000.
REQUIRED:
Question A) Construct an absorption costing income statement for the current year.
Question B) Construct a variable costing income statement for the current year.
Question C) Reconcile the difference between the variable and absorption costing incomes.
Question D) Construct a throughput costing income statement for the current year.
|
Discuss the importance of development of standards
: What is a project, and what are its main attributes? How is a project different from what most people do in their day-to-day jobs? Discuss the importance.
|
|
Discuss the influence of the changing needs of labor force
: Discuss the influence of the changing needs of the labor force due to increased technology, the aging of America, and various economic factors
|
|
What the allocation base used is direct labor hours
: Assume that are expected to work a total of 6000 direct labor hours in 2018. Brooks estimated total indirect costs are 168000 and the allocation base
|
|
Define application and software development
: Discuss the following, supplying citations to support any information that you provide. Do not include your opinion, only what you can support with a citation.
|
|
Construct a throughput costing income statement for year
: Construct a throughput costing income statement for the current year.Reconcile the difference between the variable and absorption costing incomes.
|
|
What was the project or initiative
: Consider a job you currently have or held. To what extent did you work in teams, what was the project or initiative, and how effective was the teamwork?
|
|
Rank the projects according to the profitability index
: Project F, $57,820 for Project G, and $95,120 for Project H. Rank the projects according to the profitability index, from most profitable to least profitable.
|
|
Participation of employees in organizational initiatives
: An ongoing investment in training and development is essential for improving the performance and participation of employees in organizational initiatives
|
|
Affect supply chain management success
: What do you consider are some of the problems that affect supply chain management success?
|