Abc''s product information current product, Accounting Basics

Assignment Help:

ABC's Product information
Current Product Expansion Product (estimate)
Selling Price $14.50 $
Units produced and expected to be sold 80,000 5,000
Machine Hours 40,000 5,000
Direct Materials $1.30 per unit $5.60 per unit
Direct labor dollars needed per product $2.80 per unit $4.00 per unit
Variable Factory Overhead $1.00 per Machine Hour $1.00 per Machine Hour
Variable Selling Expense $0.20 per unit $0.20 per unit

Total Fixed Costs:
Fixed Factory Overhead $198,000
Fixed Selling expenses $ 191,250


Related Discussions:- Abc''s product information current product

Calculate the liability, XYZ Solutions Pvt Ltd purchased a new vehicle for ...

XYZ Solutions Pvt Ltd purchased a new vehicle for their employee Sonia to use for both work and private purposes on 1 November 2010.  The car cost $38,500 and they paid an extra $2

What are fixed asset, Fixed asset are assets which provides the business fu...

Fixed asset are assets which provides the business future benefit Fixed assets are those which are tangible in nature and is not meant for sale in the near future and from whi

How to figure the discount using calculator, How To figure the discount usi...

How To figure the discount using calculator 1.  Be sure that decimal selector is on 2 decimal places 2.  Key in amount of the sale 3.  Multiply by percent (use the percent key)

Accounting concepts, Accounting concepts are used in relation to accounting...

Accounting concepts are used in relation to accounting procedures for a specific business enterprise.  Some of these are: Going concern Verifiable

Matching principle, Which accounting policies demonstrate the matching prin...

Which accounting policies demonstrate the matching principle?  1 charging depreciation on non-current assets 2 revaluing non-current assets on a irregular basis 3 using the re

Fixed assets, Fixed Assets An additional categorization other than curr...

Fixed Assets An additional categorization other than current or long-term is as well used for property. A "fixed asset" is an asset which is planned to be of a lasting nature a

Marginal and Absorption, the guinegog is a trader in portable cd-man. His b...

the guinegog is a trader in portable cd-man. His budgeted output is 5000 units per quarter. The following data was available for the year 1998: Direct labour @ $6 Direct material @

Financial statements of business organizations, Q. Financial statements of ...

Q. Financial statements of business organizations? Business entities may perhaps have many objectives and goals. For instance one of your objectives in owning a physical fitnes

Explain the meaning of payroll deductions, Explain the meaning of Payroll D...

Explain the meaning of Payroll Deductions There are numerous deductions taken from an employee's earnings. These are deducted by employer before employee receives a check. D

Research state and local governmental financial accounting, You recently la...

You recently landed your dream job working for the state as an accountant. You are given the task to research several state and local governmental financial accounting issues. F

Write Your Message!

Captcha
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