Assume the various llas are completely accurate determine

Assignment Help Accounting Basics

Reference no: EM13591422

Consider a single product firm with the following LLAs, where q denotes units manufactured and selling and administrative is, of course,a period cost.

direct labor DL = 10q
direct material DM = 10q
overhead OV = 90, 000 + 2DL
selling and administrative SA = 120, 000

The product sells for 100 per unit. Initially no inventory is present. Production and sales quantities for five consecutive years are noted below. At no time is there any ending work-in-process inventory.

.....................prd 1 prd 2 prd 3 prd 4 prd 5
production.........4,500 4,500 4,500 4,500 4,500
sales...............3,000 5,000 4,500 4,000 6,000

Assume the various LLAs are completely accurate. Determine the income and ending finished goods inventory for each period, using normal, full costing and using normal, variable costing. Assume a normal volume of q = 4,500 units.

Reference no: EM13591422

Questions Cloud

The diamond glitter company is in the process of preparing : the diamond glitter company is in the process of preparing its financial statements for 2012. assume that no entries

An airplane is flying at an elevation of 5150 ftdirectly : an airplane is flying at an elevation of 5150 ftdirectly above a straight highway. two motorists are driving cars onthe

At the beginning of the year keller companys liabilities : at the beginning of the year keller companys liabilities equal 60000. during the year assets increase by 80000 and at

It is pulled by a tugboat toward shore and into a river : suppose a damaged ship just barely floats in the ocean after a hole in its hull has been sealed. it is pulled by a

Assume the various llas are completely accurate determine : consider a single product firm with the following llas where q denotes units manufactured and selling and

How did mr mandoff keep his new investments at such a high : how did mr. mandoff keep his new investments at such a high rate of return and keep paying off investors and giving to

The express banquet has two restraunts that are open 24 hrs : the express banquet has two restraunts that are open 24 hrs a day. fixed costs for the two restraunts together total

The area of arectangularlawn is 30m2 during landscaping : the area of arectangularlawn is 30m2. during landscaping the length was decreased by 1m and the width increased by 1m

Select three ratios one from each category - liquidity : 1.select three ratios one from each category - liquidity profitability and solvency - you think are the most

User Account

All Pages