Bruce manufacturing makes and sells a single product the

Assignment Help Accounting Basics

Reference no: EM13598530

Bruce Manufacturing makes and sells a single product. The following costs were incurred during the company's first year of operations.

Variable Costs
Direct Materials $9
Direct Labor $9
Variable Overhead $5
Fixed Costs
Fixed Manufacturing OH $200,000
Fixed Selling Expenses $130,000

During the year the company produced 25,000 units and sold 20,000 units. The company's selling price is $50 per unit.
Under absorption costing, (GAAP) what would Bruce's Net Income be for this year?

Reference no: EM13598530

Questions Cloud

How do you calculate the npv and irr with just a purchase : how do you calculate the npv and irr with just a purchase price and ltv . for example the purchase value 9200000 using

Larrys lakeside restaurant is an upscale popular eatery : larrys lakeside restaurant is an upscale popular eatery located on the waterfront. larry is implementing an abc system

Hoosier company manufactures and sells a single product the : hoosier company manufactures and sells a single product. the following costs were incurred during the companys first

This company see saw co pays a weekly payroll assume that : this company see saw co. pays a weekly payroll. assume that the social security tax rate is 6.0 on the first 100000 of

Bruce manufacturing makes and sells a single product the : bruce manufacturing makes and sells a single product. the following costs were incurred during the companys first year

Assume you work as an accountant in the merchandising : assume you work as an accountant in the merchandising division of a large public company that makes and sells athletic

A company receives a note payable for 3500 at 9 for 45 days : a company receives a note payable for 3500 at 9 for 45 days. how much interest to the nearest cent will the customer

Sm weber finances a new automobile by paying 6500 cash : sam weber finances a new automobile by paying 6500 cash and agreeing to make 40 monthly payments of 500 each the first

Adoption of policies that would ultimately provide for : major achievements of the roosevelt administration in the field of conservation included all of the following excepta

User Account

All Pages