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!
Problem-
DeAnne Company produces a single product. The company's variable costing income statement for August appears below:
DeAnne Company
Income Statement For the month ended August 31
Sales ($20 per unit)
$ 802,000
Variable expenses:
Variable cost of goods sold
521,300
Variable selling expense
80,200
Total variable expenses
601,500
Contribution margin
200,500
Fixed expenses:
Fixed manufacturing
142,880
Fixed selling and administrative
35,720
Total fixed expenses
178,600
Net operating income
$ 21,900
The company produced 35,720 units in August and the beginning inventory consisted of 8,340 units. Variable production costs per unit and total fixed costs have remained constant over the past several months. Under absorption costing, the ending inventory for the month ended August 31 would be reported at:
a. $51,480
b. $75,240
c. $67,320
d. $80,240
Additional Requirement-
The problem belongs to Basic Accounting and it illustrate about evaluation of month end inventory using absorption costing.
pickering companys prepaid insurance was 8000 at december 31 2008 and 10000 at december 31 2009. pickering reported
van hatten industries has three operating divisions-depp construction division dement publishing division and ankiel
How does the auditing profession work to create or communicate a reasonable set of expectations that users should hold? To what extent do you believe that user expectations of the public accounting profession appear to you to be unwarranted? Explain..
Using the account classification, estimate the increase in the following costs because of the decision to increase enrollment:
on january 1 2014 tillit corporation changed its method of accounting for bad debts from the direct write-off method to
48 capital gains and losses. consider the four independent situations below for an unmarried individual and analyze e
a company estimates that warranty expense will be exp of sales. a company estimates that warranty expense will be 1 of
Assuming that the trend of sales indicated in part (1) is to continue in 2009, compute the unit sales volume to be used for preparing the sales budget for the year ending December 31, 2009. Place your answer in a columnar table similar to that in ..
amanda and chris mcdermott own a small business plastic dollars which produces and maintains stored value cards for
here are selected 2014 transactions of cleland corporation. jan.1 retired a piece of machinery that was purchased on
Why is it required for governments to record the budget using standard journal entries?
austin company uses a job order cost accounting system. the companys executives estimated that direct labor would be
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