What is cost of goods sold per unit using variable costing

Assignment Help Accounting Basics
Reference no: EM13482442

Peggy's Pillows produces and sells a decorative pillow for $75.00 per unit. In the first month of operation, 2,000 units were produced and 1,750 units were sold. Actual fixed costs are the same as the amount budgeted for the month. Other information for the month includes:

Variable manufacturing costs $20.00 per unit

Variable marketing costs $ 3.00per unit

Fixed manufacturing costs $ 7.00per unit

Administrative expenses, all fixed $15.00 per unit

Ending inventories:

Directmaterials -0-

WIP -0-

Finishedgoods 250 units

What is cost of goods sold per unit using variable costing?

What is cost of goods sold using variable costing?

Reference no: EM13482442

Questions Cloud

Calculate the amount of total current assets that abc : abc company began operations in april 2007 by selling common stockto owners in exchange for 70000. during 2007 abc
In preparing the cash budget assume that the 52000 loan : faces au natural corp. a distributor of natural cosmetics is ready to begin its third quarter in which peak sales
Prepare a schedule that discloses the individual costs that : on january 1 2008 blair corporation purchased for 500000 atract of land site number 101 with a building. blair paid a
Aunt ethels fancy cookie company manufactures and sells : problem 1. aunt ethels fancy cookie company manufactures and sells three flavors of cookies macaroon sugar and
What is cost of goods sold per unit using variable costing : peggys pillows produces and sells a decorative pillow for 75.00 per unit. in the first month of operation 2000 units
The incremental change to the current sales forecast for : the deleca plastice company is considering a machine that has a cost of 25000. the machine will permit an output
One aspect of facilities layout for mcdonalds is that : one aspect of facilities layout for mcdonalds is that whencustomers come into the building they can line up in one
The companys plant operates seven days per week with a : kretz corporation prepares monthly financial statements andtherefore adjusts its accounts at the end of every month.
Carmack company has credit sales of 26 million for year : carmack company has credit sales of 2.6 million for year 2011. on december 31 2011 the companys allowance for doubtful

Reviews

Write a Review

Accounting Basics Questions & Answers

  Dr. doe (doe) is a well-respected scientist

Dr. Doe (Doe) is a well-respected scientist who has just won the Nobel Prize in medicine for his work in developing a highly effective drug to prevent the common cold.

  Annual coupon rate-maturity and price

Which of the following 3 bonds should I invest in assuming a 7% interst rate? Please show how you manually calculated this.

  Determine pension expense for the year

Pension data for Goldman Company included the following for the current calendar year: service cost $100,000 PBO, January 1 750,000 plan assets, Janauary 800,000

  During periods when costs are rising and inventory

during periods when costs are rising and inventory quantities are stable cost of goods sold will bea. higher under fifo

  Sammys sportshops has been very profitable in recent years

problem 10-3a indicate effect of stock dividends and stock splits lo6the following information applies to the questions

  Tim duggan owns and manages sky restaurant a 24-hour

tim duggan owns and manages sky restaurant a 24-hour restaurant near the citys medical complex. tim employs 9 full-time

  What was the number of equivalent units of production

If Department H had 600 units, 60% completed, in process at the beginning of the period, 8,000 units were completed during the period, and 500 units were 30% completed at the end of the period,

  Lankford corporation operates a retail computer store to

lankford corporation operates a retail computer store. to improve delivery services to customers the company purchases

  Make the companys direct labor budget for upcoming fiscal

the production department of raredon corporation has submitted the following forecast of units to be produced by

  Straight line depreciation for financial reporting

The financial reporting carrying value of Boze Music's only depreciable asset exceeded its tax basis by $150,000 at December 31, 2009. This was a result of differences between straight line depreciation for financial reporting purposes and MACRS f..

  What is the ending balance of goods in process inventory

The production department started the month with the beginning goods in process inventory of $350,000. During the month, it was assigned the following costs: direct materials, $192,000; direct labor, $90,000; overhead applied at the rate of 30% of..

  Describe costing methods for inventory control

Describe costing methods for inventory control, denominator-level capacity concepts and cost capacity analysis?

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