User Account

All Pages

How to compute product cost per unit under absorption cost

Assignment Help Managerial Accounting
Reference no: EM132564591

Sea Company reports the following information regarding its production costs:

Units produced 55,000units

Direct labor$48per unit

Direct materials$41per unit

Variable overhead$30per unit

Fixed overhead$137,500in total

Question 1: Compute the product cost per unit under absorption costing.

Multiple Choice

Option 1: $119.00

Option 2: $48.00

Option 3: $41.00

Option 4: $89.00

Option 5: $121.50

Reference no: EM132564591

Questions Cloud

10-year period if the interest had compounded annually : How much more could you have earned over a 10-year period if the interest had compounded annually?
Make the General Journal entry to record of income : Make the General Journal entry(ies) (without explanation) for January 2 purchase and the December 15 & 31, 2018 record of income & gain/loss
Oriole real estate company management : Assuming semiannual compounding, what will be the price of these bonds if the appropriate discount rate is 14.2 percent?
Provide a possible explanation for these variances : Unfavorable Direct Labor Rate variance of $400 Favorable Direct Labor efficiency variance of $1,000 Provide a possible explanation for these variances
How to compute product cost per unit under absorption cost : Compute the product cost per unit under absorption costing. Variable overhead $30 per unit. Fixed overhead $137,500 in total.
What is the no-arbitrage value of stock a today : Consider stock A which is going to be worth either $30 or $20 next year. What is the no-arbitrage value of stock A today?
What amount will be transfer to capital reserve account : "Lucky Ltd. invited applications for 50,000 equity shares of Rs. 10 each, What amount will be transfer to capital reserve account
Why did the FBI use Counter Intelligence Program : Why did the FBI use the Counter Intelligence Program, i.e. COINTELPRO, to target civil rights leaders and organizations?
What would be your monthly payment : If you were to borrow $9,400 over five years at 0.11 compounded monthly, what would be your monthly payment?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd