Solution-What was the basic earnings per share that would

What was the basic earnings per share that would report

Assignment Help Managerial Accounting

Reference no: EM132591151

Your company uses job order costing. Job 1210, manufacturing a popular gift item, was recently completed. You have the following (all actual) data related to Job 1210.

Direct materials: $2,400

Direct labor hours: 40

Direct labor pay rate: $17 per hour

Machine hours: 20

The company uses machine hours as its plantwide overhead allocation base. The predetermined overhead rate (POHR) was calculated at $18 per machine hour.

Question A) What was the total cost of Job 1210? (Show calculations)

The same company (as above) has 200,000 shares of outstanding common stock. There is no preferred stock. For the fiscal year ended December 31, 2019, it reported the following on its Income Statement:

Revenue: $1,000,000

Gross Profit: $800,000

Operating expenses: $100,000

Net Income: $700,000

Question B) What was the basic earnings per share that it would report on its Income Statement?

Question C) On December 31, 2019, yahoofinance.com reported that the company's Common Stock was selling for $49.00 per share. Based on your answer to B) above, What was the "P/E Ratio"?

Reference no: EM132591151

Questions Cloud

Compute how much is budgeted manufacturing cost for month : How much is the budgeted manufacturing cost for a month when 600 units are produced?Sheridan Corporation's manufacturing costs for August when production.

Identify the sunk costs : How would you identify an experience, whether personal or someone you know, with sunk costs. Discuss how their relevance to decisions

What was the week labor efficiency variance : What was the week's labor efficiency variance? Based on the standards, each and every manicure should take 1/2 hour (30 minutes)

What was the week labor rate variance : What could have been the causes and what specific management steps would you take regarding both variances? What was the week's labor rate variance?

What was the basic earnings per share that would report : What was the basic earnings per share that it would report on its Income Statement?The company uses machine hours as its plantwide overhead

Explain the principal theories and the various approaches : Explain the principal theories and the various approaches to management that have evolved over time and their application to current management situations

How would make budget performance repot for manufacturing : How would make budget performance repot for manufacturing costs, showing total cost variances for direct materials, direct labor, and overhead

Compute the amount of gross profit to be recognized : Compute the amount of gross profit to be recognized in 20X1 and 20X2 assuming the percentage-of-completion method is used

Determine the total flexible budget materials variance : Monique's Florals produced, Determine the total flexible budget materials variance and indicate whether it is favorable (F) or unfavorable (U).

User Account

All Pages

What was the basic earnings per share that would report

Reference no: EM132591151

Reference no: EM132591151

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT