What would the cost of goods sold be for the month

Assignment Help Accounting Basics
Reference no: EM132523527

Question - Davis Electronics expects to make 100,000 DVD players during 2012. Direct materials cost per unit are estimated at $18, and direct labor cost is expected to be $10 per unit. The total manufacturing overhead for the year is budgeted at $750,000.

Required -

1) Calculate the amount of overhead that should be allocated to each DVD player during the year.

2) Assume that, during the month of October, Davis made and sold 7,000 DVD players. What would the cost of goods sold be for the month?

3) Assume that the company sells the DVD players at cost plus 25% of cost. What would be the selling price for each DVD player?

Reference no: EM132523527

Questions Cloud

Compare capital projects : How a net present value (NPV) profile is used to compare capital projects? Also How does reinvestment affect both NPV and IRR?
ICT703 Network Technology and Management Assignment : ICT703 Network Technology and Management Assignment Help and Solution, University of the Sunshine Coast - Assessment Writing Service
How much was the after-tax net cash inflow at Moab last year : The Moab Corporation had sales of $300,000 and expenses of $175,000 last year. How much was the after-tax net cash inflow at Moab last year
Strategic and operational objectives for planning for audit : Identify strategic and operational objectives for planning for audit. Evaluate different risk assessments techniques-monitoring tools to consider during audit
What would the cost of goods sold be for the month : Assume that, during the month of October, Davis made and sold 7,000 DVD players. What would the cost of goods sold be for the month
What is the coupon amount in thai bhat in year 2 : Inflation in Thailand increases by 5 % in year 1, by 4 % in year 2, and zero % in year 3. What is the coupon amount in Thai Bhat in year 2?
What is current fair price : A stock is expected to pay a dividend of $2 at the end of this year. Dividends are not expected to grow after that (constant dividend case).
Discuss the physiological and mental health effects : Discuss the physiological and mental health effects of alcoholism that you learned from watching this video. Describe how any of your opinions about alcoholism.
Calculate the contribution margin per direct labor hour : Calculate the contribution margin per direct labor hour for the small table. Adorn Furniture manufactures a small table and a large table.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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