Reference no: EM133020957
Question - Canarie Manufacturing produces snow shovels. The selling price per snow shovel is $30.00. There is no beginning inventory.
Costs involved in production are:
Direct material $6.00
Direct labor 4.00
Variable manufacturing overhead 2.00
Total variable manufacturing costs per unit $12.00
Fixed manufacturing overhead per year $198,400
In addition, the company has fixed selling and administrative costs of $151,600 per year.
During the year, Canarie produces 49,600 snow shovels and sells 44,100 snow shovels.
What is the value of ending inventory using full costing?
What is the value of ending inventory using variable costing?
Calculate the difference in full costing net income and variable costing net income without preparing either income statement.
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Determine the new weighted average cost of capital
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How much money will you have in savings
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What is the nominal annual rate
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What is the value of ending inventory using full costing
: In addition, the company has fixed selling and administrative costs of $151,600 per year. What is the value of ending inventory using full costing
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How much is the adjustment on the reported net income
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Describe the mechanisms and organizational dynamics involved
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What is the IRR for this project
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Create a strategy that would help mitigate challenges
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