The following questions are based on waist restraint

Reference no: EM13582076

The following questions are based on Waist Restraint Corporation, which produces belts that sell for $15 per unit. Of the 100,000 units produced, 80,000 were sold during the year. All ending inventory was in finished-goods inventory.The firm had no inventory at the beginning of the year.

Direct material (unit-level cost)		$240,000
Direct labor (unit-level cost)		160,000
Factory overhead (unit-level cost)		80,000
Factory overhead (capacity cost)		240,000
Selling and administrative (unit-level cost)		80,000
Selling and administrative (capacity cost)		128,000

Required:

a)In presenting inventory on the balance sheet at December 31, what is the unit cost under absorption costing?

b)In presenting inventory on a variable-costing balance sheet, what is the unit cost?

c)What is the operating profit using variable costing?

d)What is the operating profit under absorption costing?

e)What is the ending inventory (dollar amount) using absorption costing?

f)What is the ending inventory (dollar amount) under variable costing?

Reference no: EM13582076

Questions Cloud

Brewer company is considering purchasing a machine that : brewer company is considering purchasing a machine that would cost 283850 and have a useful life of 5 years. the

Harrington company is a us-based company that prepares its : a. harrington company is a u.s.-based company that prepares its consoli- dated financial statements in accordance with

If ohare developed a cash flow statement for 2012 using the : ohare companys only asset as of january 1 2012 was a limousine. during 2012 only the following three transactions

You have been asked to develop the following longwall : a longwall mine is planned in illinois. the following data are given to you.mining depth- 1000 feetthickness of near

The following questions are based on waist restraint : the following questions are based on waist restraint corporation which produces belts that sell for 15 per unit. of the

Prepare a two-page paper on financing ventures in the : prepare a two-page paper on financing ventures in the fashion industry. format the paper in the apa style. include the

K01 also can be purchased from an outside supplier at 50 : ki corporation produces 10000 units of k101 each week for use in the assembly of its finished products. the unit cost

Last month peewee company manufactured 20000 units and sold : last month peewee company manufactured 20000 units and sold 18000 of these units at a price of 8.00 per unit.

There was no beginning inventoryduring the year the : there was no beginning inventory.during the year the company sold 172000 units. if net income using full and variable

User Account

All Pages