The east company manufactures several different products

Assignment Help Accounting Basics
Reference no: EM13387575

The East Company manufactures several different products. Unit costs associated with Product ORD203 are as follows:

Direct materials $ 40

Direct manufacturing labor 8

Variable manufacturing overhead 12

Fixed manufacturing overhead 23

Sales commissions (2% of sales) 6

Administrative salaries 9

Total $98

REQUIRED:

foresee

1.Calculate the variable costs per unit associated with Product ORD203.

2.Calculate the fixed costs per unit associated with Product ORD203.

3.Calculate the inventoriable costs per unit associated with Product ORD203.

4.Calculate the period costs per unit associated with Product ORD203.

5.Calculate the Cost of Goods Manufactured for Product ORD203 and explain the reasons for calculating the cost of goods manufactured.

Reference no: EM13387575

Questions Cloud

How did the international monetary fund imf reassign the : your firm is expanding into europe and your department head has asked you to put together a report on monetary unions
Explain how the marketing of services differs from the : explain how the marketing of services differs from the marketing of products including the four 4 marketing elements
Write down the strategic implications of organizational : write a 2100 word paper in apa format on a specific aspect of or topic relating to organizational behavior and its
Describe and explain the united states economic business : describe and explain the united states economic business cycle. what are the key economic indicators of the united
The east company manufactures several different products : the east company manufactures several different products. unit costs associated with product ord203 are as
Assuming that the executive leadership includes several : assuming that the executive leadership includes several former accountants how would the organizational goals influence
How would a fall in us interest rates affect canadian : how would a fall in u.s. interest rates affect canadian investment saving net foreign investment and the canadian real
Using the assumption that sales will increase 20 in the : research a company of your choice and locate the latest financial statements published by the company.for the following
Review chapter 3 and prepare a personal balance sheet : review chapter 3 and prepare a personal balance sheet following the example from exhibit 3-3. consider how you might

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much should ted include in gross income

After he had paid for the computer, he discovered a rebate coupon inside the packaging. He filled out the required form and sent it to the manufacturer. The next week he received a $100 check from the manufacturer. How much should Ted include in g..

  Determining annual amount of payroll

Using the activity base info in (a), determine the annual amount of payroll and purchasing costs charged back to the Residential, COmmercial, and Government contract divisions from payroll and purchasing services.

  How much total interest will amos pay on this payment plan

Amos could borrow $100,000 from its bank to finance the purchase at an annual rate of 8%. Should Amos borrow from the bank or use the manufacturer's payment plan to pay for the equipment?

  The fair market value

Tyneka inherited 1,000 shares of Aqua, Inc. stock from Joe. Joe's basis was $35,000, and the fair market value on July 1, 2012 (the date of death) was $45,000. The shares were distributed to Tyneka on July 15, 2012. Tyneka sold the stock on Ju..

  Discuss the proper accounting treatment

Discuss the proper accounting treatment, including any required disclosures, for each situation. Give the rationale for your answers.

  Conceptual framework for business organizations

Identify the primary components of the conceptual framework for business organizations and explain the purpose of each component.

  Activity-based costing problem

The company produces two products, Gert and Mill. Gert requires 60,000 machine hours and 20,000 direct labor hours, while Mill requires 40,000 machine hours and 30,000 direct labor hours. Using activity-based costing, machining costs assigned to e..

  Three factor dupont analysis for starbucks

Conduct a three factor DuPont analysis for Starbucks and Dunkin' Donuts for 2011 and 2012 end-of-year results. Use the information from financial statements in the 2012 annual reports.

  Problem related to transportation industry

Select a company that you are familiar with from the transportation industry.

  Which entries would company make to record change

The new method. Williams Company experiences a 40% tax burden. Which one of the following entries would the company make to record this change?

  What are pace-s taxable income and income tax liability

What are Pace's taxable income and income tax liability, assuming qualified production activities income is $55,000?

  What financial ratio is most commonly used to evaluate

what financial ratio is most commonly used to evaluate charitable organizations? Why is this an important ratio to use for evaluation of the viability and strength of a non profit organization?

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