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

Credit & debit, difference between credit and debit

difference between credit and debit

What do you mean by inventory turnover, Q. What do you mean by Inventory tu...

Q. What do you mean by Inventory turnover? Inventory turnover -- a ratio which indicates amount of inventory a company uses tosupport a given level of sales. Formula is: Invent

Income statement, identify the income statement account

identify the income statement account

Show effects of transaction, Q. Show Effects of transaction? A prepaid ...

Q. Show Effects of transaction? A prepaid insurance, asset, increases (debited) and cash, decreases (credited), asset by USD 2400. The debit is to Prepaid Insurance relatively

What do you understand by revenue, Q. What do you understand by Revenue? ...

Q. What do you understand by Revenue? Revenue -- Amounts received by or due a company for services or goods it provides tocustomers. Receipts are cash revenues. Revenues can al

Inome statement, #question.outline basic elements to keep in mind while pre...

#question.outline basic elements to keep in mind while preparing an income statement?

What is sales allowance, Q. What is sales allowance? A sales allowance ...

Q. What is sales allowance? A sales allowance is a inference from the original invoiced sales price granted when the customer keeps the merchandise but is dissatisfied for any

Company''s present stock prices, How do your calculated stock prices compar...

How do your calculated stock prices compare to the company's present stock prices?   What do you think is causing them to deviate? This will need you to investigate a lit

State about the trade discounts, State about the Trade discounts Perc...

State about the Trade discounts Percentage reduction from list price of the merchandise. These aren't recorded in the accounting records of the seller or buyer. Buyer always

The amortization schedule, San Jose Company issued 5-year $200,000 face val...

San Jose Company issued 5-year $200,000 face value bonds at 105 on January 1, 2012. The stated interest rate on these bonds is 9%. Use the straight line situation to complete the a

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