Marginal and Absorption, Accounting Basics

Assignment Help:
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 @ $8
fixed production costs per quarter @ $4
fixed selling and distribution cost per quarter $12,000
fixed admin expenses per quarter $8,000
selling price per unit $30
output per quarter i. 4000 ii.5200 iii. 4500 iv. 5500
Sales per quarter i. 3000 ii. 5000 iii. 4000 iv. 6000
prepare the marginal and absorption costing statement per quarter. Show also the net income reconciliation statement.

Related Discussions:- Marginal and Absorption

Accounts payable subsidiary ledger, Accounts payable subsidiary ledger ...

Accounts payable subsidiary ledger Accounts are designed to show balance owed to every creditor. Liability accounts generally have credit balances. Accounts are not assigned nu

Best efforts offering, Unlike a rigid commitment providing where a price is...

Unlike a rigid commitment providing where a price is set and a fixed monetary amount is predictable, the underwriter makes its best efforts to sell as many shares as likely at the

What do you mean by" bank reconciliation"?, A Bank reconciliation manipulat...

A Bank reconciliation manipulates cross verifying the entries in the cash book(bank balance)with that of pass book. Mostly the reasons for disagreement of cash book with that of

Prepare the journal entry, Assume that the following are independent situat...

Assume that the following are independent situations recently reported in the Wall Street Journal. 1. National Electric 8% bonds, maturing January 28, 2013, were issued at 112.16.

What is the marginal cost and average total cost, Below is a table with tot...

Below is a table with total data for a firm in a perfectly competitive industry. Quantity Total Cost 0 100 10

Traiinng progrum, How to perform a basic accounting training progrum ..

How to perform a basic accounting training progrum ..

Accounting, what are the basics of accounting

what are the basics of accounting

Prepare trial balance for transaction, Encik Farid, a sole trader, started ...

Encik Farid, a sole trader, started his business on 1 May 2010 under the name Farid Enterprise. The following are his business transactions for the month of May a.  Encik Farid

A bond sinking fund investment is started on january 5, A bond sinking fund...

A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to rec

I need help in a project on ''accounting process'', I need help in a projec...

I need help in a project on 'accounting process' . It should begin with a storyline in which a buisness have to be chosen(i have chosen a tyres dealer). Then transactions taking

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