Under-or over applied factory overhead-ending inventory

Assignment Help Financial Accounting
Reference no: EM131250509

Ungg corp makes a single product. each unit requires $65 of direct materials. factory overhead is applied on the basis of 90% of direct labor cost. 25% of the factory overhead is fixed. There is no under-or over applied factory overhead and company has no beginning or ending inventory. The company reports the following results for February: Number of units sold: 7000, selling price per unit: $320, manufacturing cost per unit: 160, variable selling expenses per unit: $18, total fixed selling expenses: $65800, variable administrative expenses per unit: $42, total fixed administrative expn. $320700. how many units can sales go down before the company incur a loss?

Reference no: EM131250509

Questions Cloud

What external environmental factors : 1) What external environmental factors have influenced how that organization conducts its operations? 2) How was the organization so influenced and was changed or reinforced as a result of this?
What fraction of the boat"s volume will be filled : If a leak develops in the bottom and water starts coming in, what fraction of the boat"s volume will be filled with water before water starts coming in from the sides ?
How does hinduism view human nature : REL 2250 - RELIGIONS OF THE WORLD Reflection Paper Assignment - Hinduism. How does Hinduism view human nature and what is the human condition?  What prevents human beings from realizing moksha?  How does Hinduism view the Self (Atman)
Explain the purpose of a cash flow statement : In a two- to three-page paper (not including the title and reference pages), explain the purpose of a cash flow statement and how it reflects the firm's financial status.
Under-or over applied factory overhead-ending inventory : Ungg corp makes a single product. each unit requires $65 of direct materials. factory overhead is applied on the basis of 90% of direct labor cost. 25% of the factory overhead is fixed. There is no under-or over applied factory overhead and company h..
Write a substantive response to the given discussion : Write a SUBSTANTIVE RESPONSE to the discussion. - Given the Discussion about:- Music and Dance. -I decided to explore the spirituals in African American history.
Will chicago bears kicker make the field goal and why : If he kicks the ball with an initial velocity of 26 m/s at an angle of 40? above the field, and the field goal cross-bar is 3 meters high, will he make the field goal and why?
Proposed to the chinese government : Some wise people proposed to the Chinese government that abolishing all family control measures (one-child / two-child policy) will solve all the demographic problems in China. Do you agree? You must support your argument. (Need two reasons with e..
What is the nature of their critique : The author discusses three dimensions of organizational justice. These are distributive justice, procedural justice, and interactional justice. Explain and give examples of each of these forms of justice.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the amount of depreciation expense

Evaluate the amount of depreciation expense recognized in Year 2, Year 3, and Year 4 under (a) the revaluation model of IAS 16 and (b) U.S. GAAP. Evaluate the book value of the building under the two different sets of accounting rules at 2 nd Janu..

  Bond market related to the quantitative easing

Find an article about U.S. treasuries and the bond market related to the quantitative easing that occurred after the Great Recession. Cite the article and summarize what the author(s) have written about the topic. From your research, identify one are..

  Backup to pursue the growth objectives efficiently

Enhanced profitability increases the investor’s confidence in the company besides providing a strong financial backup to pursue the growth objectives efficiently. CIMIC reported improved profitability in FY2015 costs controls.

  Firms wants their firms logo on package-traditional costing

The management of Pacific Wellness Centre, a health food company, recently wants to analyze the cost of two of its famous customized products. The customization is not so much on the content but rather on the packaging as some of the firms wants thei..

  Prepare differential analysis dated

Sell or Process Further Jackson Lumber Company incurs a cost of $394 per hundred board feet in processing certain "rough-cut" lumber, which it sells for $558 per hundred board feet. Prepare a differential analysis dated March 4, 2014, on whether to s..

  Transactions relate to debt investments acquired

Baldwin Inc. is an athletic footware company that began operations on January 1, 2014. The following transactions relate to debt investments acquired by Baldwin Inc., which has a fiscal year ending on December 31:

  Fill-in the time line for grand lips

Process costing in a single processing department (Learning Objectives 1, 2, & 3)Grand Lips produces a lip balm used for cold-weather sports. The balm is manufactured in a single processing department. Fill-in the time line for Grand Lips. Use the ti..

  Account for the installment sales and cash collections

The following data were obtained for sales during 2013 and 2014:

  Prepare an adjusted trial balance as at 31st december 2016

Prepare an adjusted trial balance as at 31st December 2016, i.e. after posting all balance day adjustments. If the trial balance does not balance do not proceed until it does.

  Illustrates the steps in the accounting cycle

Adhere to APA formatting guidelines when writing your response. Additionally, your response should be free of grammatical errors, use complete sentences, and give specific details to support statements made.

  Transaction is disclosed on statement of cash flows

Zeus Manufacturing purchased plant assets that cost $50,000 by paying $20,000 in cash and financing the balance by issuing a note payable to the seller. This transaction is disclosed on a statement of cash flows as follows:

  Direct approach for preparing statement of cash flows

Assuming use of the direct approach for preparing a statement of cash flows, which of the following would be most likely reported as a line item in the "operating activity" section?

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