How much is the cost of goods sold using full costing

Assignment Help Financial Accounting
Reference no: EM13753474

Boulder blowers produces snow blowers. The selling pricer per snow blower is $100. Costs involved in production are:

Direct material per unit $20

Direct labor per unit $12

Variable manufacturing overhead per unit $10

Fixed manufacturing overhead per year $148,500

In addition, the company has fixed selling and administrative costs of $150,000 per year. During the year, Boulder produces 45,000 snow blowers and sells 30,000 snow blowers. There was no beginning inventory. How much is the cost of goods sold using full costing?

Reference no: EM13753474

Questions Cloud

Distributive share of the partnership passive taxable income : Where on the tax return is the following reported? Distribution of $4800 from ST Partnership. Her distributive share of the partnership passive taxable income was $5300. She had no prior passive losses.
Complete the balance sheet : Ratio Analysis Use the following information to complete the balance sheet below.  Hint: use 365 day calendar.
Cost per equivalent unit for materials and conversion costs : At the start of November, Penco Refinery had Work in Process inventory consisting of 4,000 units that were 90 percent complete with respect to materials and 50 percent complete with respect to coversion costs. Calculate the cost per equivalent unit f..
Lan and wireless lan wiring considerations : Section 1: Network Consultation Proposal-Suggest LAN and Wireless LAN (WLAN) wiring considerations. Recommend hardware options and costs
How much is the cost of goods sold using full costing : Boulder blowers produces snow blowers. The selling pricer per snow blower is $100. Costs involved in production are: In addition, the company has fixed selling and administrative costs of $150,000 per year. During the year, Boulder produces 45,000 sn..
Determine the sales dollars required to earn net income : Hytek Company bottles and distributes Livit, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2012, management estimates the following revenues and costs. De..
Explain description of stone tool and advantages stone tools : Explain the description of stone tools and the advantages stone tools gave to early humans. Tthe description of bronze tools and objects.
Accrual accounting-cash flows are linked-merchandise sale : Prepare a flowchart which demonstrates how accrual accounting and cash flows are linked for a merchandise sale. Analyze the impact on the financial statements of each.
Explain how cost-volume-profit analysis : Review the Chapter opener. Johnny Cupcakes, launched by entrepreneur John Earle, produces t-shirts in unique styles and limited quantities. Selling prices typically range from $40 per shirt to $70 per shirt.  Identify at least two fixed costs that wi..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Why you company uses accelerated depreciation method

Why do you think that the company uses accelerated depreciation methods in its income tax returns?

  Determine the total overhead from the given datawinkle

determine the total overhead from the given data.winkle kotter and zale is a small law firm that contains 10 partners

  What is the materials inventory, work in process inventory

What is the materials inventory, work in process inventory, finished goods inventory and actual manufacturing overhead incurred for Boone Company January 1, 2009?

  Application of manufacturing overhead to production

Cambridge Manufacturing Company applies manufacturing overhead on the basis of machine hours. At the beginning of the year, the company estimated its total overhead cost to be $288,000 and machine hours to be 14,400. Actual manufacturing overhead and..

  Which method used to calculate depreciation on machine b

Which method used to calculate depreciation on Machine B reports the highest amount of depreciation expense in year 1 (2014)? The highest amount in year 4 (2017)? The highest total amount over the 4-year period?

  What amount will dominum company report for

Assume that Dominum Company had the following balances in its receivable accounts on December 31, 2011.

  Compare and analyze the financial metrics and ratios

Compare and analyze the financial metrics and ratios used to evaluate the balance sheet and income statement information and describe how these metrics are used by business managers, markets and investors, and government regulators.

  Question wake construction installs and manufactures

question wake construction installs and manufactures standard and custom-made cabinetry for residential homes. last

  Difference in the ending inventory balances

Describe the reason for any difference in the ending inventory balances under the two costing methods and the impact of this difference on reported net operating income.

  What factors should turner manager and her supervisor

The expansion will cost two million dollars, and is expected to increase operating earnings to $2,100,000. What factors should Turner’s manager and her supervisor, the VP of operations, consider in deciding whether to go forward with the expansio..

  Find the retirement plan and distributions

If martin's contributions to plan had been $25000 instead of $48000 how much taxable income would he have to report in2011 from plan distribution?

  Use the percentage method table in the appendix

Allison is paid $975 per week. What is the amount of federal income tax withheld from Allison’s paycheck under the following conditions? Use the percentage method table in the Appendix to this chapter. a. Allison is single and claims two withholding ..

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