Gangwer corporation produces a single product

Assignment Help Financial Accounting
Reference no: EM13952016

Gangwer Corporation produces a single product and has the following cost structure:

  Number of units produced each year

8,000

  Variable costs per unit:

 

     Direct materials

$53

     Direct labor

$23

     Variable manufacturing overhead

$15

     Variable selling and administrative expense

$11

  Fixed costs per year:

 

     Fixed manufacturing overhead

$312,000

     Fixed selling and administrative expense

$224,000

The absorption costing unit product cost is (Do not round your intermediate calculations.):

$130.0

$92.0

$141.0

$39.0

Reference no: EM13952016

Questions Cloud

Why are most programs still in cobol : Describe the approach and share your thoughts about this new approach to software development.
What design features stand out on each site : Are these features unique to the websites selected or are they used by thier competitors or similar sites?
The marymount university mission statement : How does the Marymount University mission statement differ from two other institutions (one you went to and one you did not)? How do you think it make a difference to the education you receive here at Marymount?
Six sigma methodology into a company : You have been employed as the six sigma champion to introduce the six sigma methodology into a company. The board has asked you to produce a plan of how you would do this. (You can choose any industry and any size of company.)
Gangwer corporation produces a single product : Gangwer Corporation produces a single product and has the cost structure:
What are conditions necessary for life to take root, evolve : What are the conditions necessary for life to take root, evolve, and flourish? Where might we find these outside of Earth? The solar system?
Shared hosting and dedicated virtual machine : As an Individual, compare and contrast the following hosting options: Shared Hosting, Dedicated Virtual Machine and Scalable (Iaas) Infrastructure as a Service, such as those offered by Microsoft Azure or Amazon Web Services
What are the major differences in your approach to each one : In a paragraph, discuss why you designed each report as you did in Problems 1 and 2.  What are the major differences in your approach to each one? Can the printed reports be successfully transplanted to displays without changes?  Why or why not?
Toxins responsible for pollution : STIMULI - Pollution of air, water and soil require millions of years to recoup. Industry and motor vehicle exhaust are the number one pollutants. Heavy metals, nitrates and plastic are toxins responsible for pollution.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Periodic inventory system

ABC Company employs a periodic inventory system and sells its inventory to customers for $32 per unit. ABC Company had the following inventory information available for the month of May: Calculate the dollar amount of ending inventory shown on ABC Co..

  Find out the price of the bonds

he market rate of interest 12%. The interest is paid on June 30 and December 31. Find out the price of the bonds at January 1, 2010. Prepare the journal entry to record the issuance by Carla Industries on Jan 1, 2010

  Calculate the number of shares to be used in determining

The average market price during 2004 was $50. Calculate the number of shares to be used in determining diluted earnings per share for 2004.

  Calculating annuity present value epr amp annual percentage

calculating annuity present value epr amp annual percentage rate apr.1. calculating present valuesnbspan investment

  Two kinds of plastic bins-regular and large

There are two kinds of plastic bins; regular and large. The machinery can only run for 3500 hours per period. 9 large bins per hour and 17 regular bins per hour can be produced in the same amount of time. Fixed costs are $130,000 per period. The sale..

  Determining the incomes of the component corporations

When an indirect ownership is present, why is a specific ordering necessary for determining the incomes of the component corporations?

  The manufacturing overhead account shows debits

The Manufacturing Overhead account shows debits of $30,000, $24,000, and $28,000 and one credit for $86,000. Based on this information, manufacturing overhead not been applied. Shows a zero balance. Has been under applied. Has been over applied.

  Break-even-analysis

Break-even-analysis - What effect would the purchase of the new machine have on Acme's break-even point in units

  Under the equity method of accounting

Under the equity method of accounting, the investment in common stock is initially recorded at cost and the investment account is subsequently: Common Stock Dividends Distributable is reported in the balance sheet:

  Statement of cash flows prepared by the indirect method

Accounts receivable from sales transactions were $46,439 at the beginning of the year and $61,231 at the end of the year. Net income reported on the income statement for the year was $122,433. Exclusive of the effect of other adjustments, the cash fl..

  Prepare a general ledger using t accounts

Prepare a general ledger using T accounts. Enter the opening balances in the ledger accounts as of July 1 - Journalize the transactions, including explanations and Post to the ledger accounts

  What is the amount of gross profit earned by abbey co

Abbey Co. issued a credit memo for $2,500 for merchandise returned that originally cost $1,800. Gomez Co. paid the invoice within the discount period. What is the amount of gross profit earned by Abbey Co.?

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