Bc is a division of california controls corporation the

Assignment Help Accounting Basics
Reference no: EM13607140

BC is a division of California controls Corporation. The division manufactures and sells a pump that is used in a wide variety of applications. The division manager is considering producing either 30,000 or 60,000 units this period. Other information is presented in the schedule below

Division Information
Beginning inventory 0
Expected sales in units 30,000
Selling price per unit $27
Variable manufacturing cost per unit $10
Variable selling and administrative cost per unit $6
Total fixed manufacturing overhead costs $300,000
Fixed manufacturing overhead costs per unit
Based on 30,000 units ($300,000 / 30,000) $10
Based on 60,000 units ($300,000 / 60,000) $5
Manufacturing cost per unit
Based on 30,000 units ($10 variable + $10 fixed) $20
Based on 60,000 units ($10 variable + $5 fixed) $15
Fixed selling and administrative expenses $13,000

A. prepare an absorption costing income statement for 30,000 units produced and 30,000 units sold.

B. Prepare a variable costing income statement for 30,000 units produced and 30,000 units sold.

C. Prepare an absorption costing income statement for 60,000 units produced and 30,000 units sold.

D. Prepare a variable costing income statement for 60,000 units produced and 30,000 units sold.

Reference no: EM13607140

Questions Cloud

Garland mills purchased a certain piece of machinery 2 : garland mills purchased a certain piece of machinery 2 years ago for 500000. its present resale value is 380000.
The force vector a has a magnitude of 750 newtons n and : the force vector. a has a magnitude of 75.0 newtons n and points due east. the force vector b has a magnitude of 139 n
The masses will accelerate in a direction that depends on : consider two masses m1 and m2 that are connected by a rope over a pulley. the masses will accelerate in a direction
In a study of 1000 two parent families a researcher found : in a study of 1000 two parent families a researcher found the mean height of the husbands was 68 inches with a standard
Bc is a division of california controls corporation the : bc is a division of california controls corporation. the division manufactures and sells a pump that is used in a wide
A 5-year treasury bond has a 375 yield a 10-year treasury : a 5-year treasury bond has a 3.75 yield. a 10-year treasury bond yields 6.35 and a 10-year corporate bond yields 9.1.
You are in charge of resucing the water consumption in a : you are in charge of resucing the water consumption in a dormitory at a university and thus have been charged with
On december 31 1999 after all adjusting journal entries are : the following data relate to the plant asset account of planter co. at december 31 1999.plant asseta b c doriginal cost
A levitation fan has been selected that delivers this : a hovercraft has a square planform a mass of 1.8 kg and has a plenum pressure requirement of 125 pa. a levitation fan

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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