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

Imprest system, at the end of May he has a voucher for expenditure of $270 ...

at the end of May he has a voucher for expenditure of $270 and a balance in hand of $30. explain what the imprest amount is

Assets, Calculate the amount of assets for Company

Calculate the amount of assets for Company

Importance of proper inventory valuation, Q. Importance of proper inventory...

Q. Importance of proper inventory valuation? A merchandising company is able to prepare accurate statements of retained earnings, income statements and balance sheets only if i

Prefferred dividendes, matt schmidt company''s ledger shows the amount of

matt schmidt company''s ledger shows the amount of

Adjustments, what will be the journal entry for this: A debit memo from the...

what will be the journal entry for this: A debit memo from the bank was received for bank charges P200.00

Assets, untangible assets

untangible assets

Explain business entity concept, Q. Explain business entity concept? Su...

Q. Explain business entity concept? Suppose for instance that you own two businesses 1) a physical fitness centre and 2) a horse stable. As per to the business entity concept y

Lower of cost or market inventory, Lower of Cost or Market Inventory ...

Lower of Cost or Market Inventory                           Bob's Jewelry Company's inventory records indicates the fol

Prepare the adjusting entry needed for hi-tech, Scenario Sara Jones ope...

Scenario Sara Jones opened a technical consulting business called Hi-Tech For the Future earlier in the year. So far, she has been successful in providing services and selling

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