Ida sidha karya company is a family-owned company located

Assignment Help Accounting Basics
Reference no: EM13597517

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The sounding bars are cast from brass and hand-filed to attain just the right sound. The bars are then mounted on an intricately hand-carved wooden base. The gamelans are sold for 850 (thousand) rupiahs. (The currency in Indonesia is the rupiah, which is denoted by Rp.) Selected data for the company's operations last year follow (all currency values are in thousands of rupiahs):

  • Units in beginning inventory 0
  • Units produced 330
  • Units sold 295
  • Units in ending inventory 35
  • Variable costs per unit:
  • Direct materials Rp 210
  • Direct labor Rp 380
  • Variable manufacturing overhead Rp 63
  • Variable selling and administrative Rp 22
  • Fixed costs:
  • Fixed manufacturing overhead Rp 54,000
  • Fixed selling and administrative Rp 38,000

Requirement 1:
Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.

Unit product cost Rp

Requirement 2:
Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Reference no: EM13597517

Questions Cloud

Helen purchased 50 percent of the shares of hij corp a : helen purchased 50 percent of the shares of hij corp. a calendar year s corporation for 7000. she also guaranteed a
On december 30 2011 roberta purchased four tickets to a : on december 30 2011 roberta purchased four tickets to a charity ball sponsored by the city of san diego for the benefit
At the end of the question and answer portion of the annual : at the end of the question and answer portion of the annual stockholders meeting of kemper corporation stockholder mike
Ron and tom are equal owners in robin corporation on july 1 : ron and tom are equal owners in robin corporation. on july 1 2011 each lends the corporation 30000 at an annual
Ida sidha karya company is a family-owned company located : ida sidha karya company is a family-owned company located in the village of gianyar on the island of bali in indonesia.
Fran traveled to san francisco during the year to do : fran traveled to san francisco during the year to do volunteer work for one week for the salvation army. she normally
Upton co was started on 1-1-2011 when the owners invested : upton co. was started on 1-1-2011 when the owners invested 160000 cash in the business. during 2011 the company earned
The cm landscaping co uses chicken manure to fortify the : the c.m. landscaping co. uses chicken manure to fortify the soil around trees bearing rare fruit. the price standard
Pahl corporation owns a 60 interest in sauer corporation : pahl corporation owns a 60 interest in sauer corporation acquired at book value equal to fair value at the beginning of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Due to its experience rating ianelli inc is required to pay

due to its experience rating ianelli inc. is required to pay unemployment taxes on its payroll as follows under suta

  Please describe defined-benefit plans who bears this risk

please describe defined-benefit plans. who bears this risk? what factors contribute to the amount that the employee

  The curl up amp dye hair salon has died it must liquidate

the curl up amp dye hair salon has died. it must liquidate its assets. it has a building it must sell that originally

  When a credit customer returns merchandise to the seller

when a credit customer returns merchandise to the seller under a perpetual inventory system the seller would debit

  Inventory costs are rising which method fifo lifo or

inventory costs are rising which method fifo lifo or weighted average cost results in the highest net income? which

  Information is from abc company general ledger

Information is from ABC Company's general ledger

  Fixed costs for the production and marketing

Suppose the product manager of a new Flower Mills cereal has determined that the appropriate wholesale price for a carton of the new cereal is $48. The fixed costs for the production and marketing of the new product are $15million.

  Prepare the journal entries required in the capital projects

The township authorized a bond issue of $11 million for the construction of a pedestrian walkway as part of a downtown revitalization project. An additional $1 million of general revenues is to be used for the project. The authorization was record..

  Considering investing in a new manufacturing plant

Braddock Industries is considering investing in a new manufacturing plant. The plant requires an item of equipment that costs $200,000. In addition

  Gain or loss related to exchange rates

A U.S. manufacturer has sold goods to a foreign firm for a sale price of 80,000 FC on 12/15/X1. The invoice is due 1/15/X2. The U.S. Firm fiscal year is 12/31/X1. Given the following exchange rates, what gain or loss would the U.S. firm record on ..

  On february 1 the board of directors declared a 3-for-2

on february 1 the board of directors declared a 3-for-2 stock split distributed on february 22 to shareholders of

  Monthly costs of producing and delivering the magazine

the editor of spunk magazine is considering three alternative prices for her new monthly periodical. her estimate of

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