User Account

All Pages

Calculate cost of one unit of product under variable costing

Assignment Help Accounting Basics
Reference no: EM131565136

Problem - Inventory Valuation under Variable Costing

Lane Company produced 50,000 units during its first year of operations and sold 47,300 at $12 per unit. The company chose practical activity-at 50,000 units-to compute its predetermined overhead rate. Manufacturing costs are as follows:

Direct materials - $134,070

Direct labor - 101,370

Variable overhead - 70,850

Fixed overhead - 55,590

Required:

1. Calculate the cost of one unit of product under variable costing. Round your interim calculations and final answer to the nearest cent.

2. Calculate the cost of ending inventory under variable costing.

Reference no: EM131565136

Questions Cloud

How can economic incentives be used to significantly reduce : What economic concept describes this? How can economic incentives be used to significantly reduce the problem? At least one page. APA.
Describe the challenges you have with reading written works : Describe the challenges you have with reading certain types of written works
Define the jobs in job costing : Now that we have a better understanding of job costing, let's take an example from our childhood entrepreneurial endeavors (running a lemonade stand.
Why was radical design of business processes embraced : Why was radical design of business processes embraced so quickly and so deeply by senior managers of so many companies?
Calculate cost of one unit of product under variable costing : Calculate the cost of one unit of product under variable costing. Round your interim calculations and final answer to the nearest cent
Explain how to advise your employees : Using your good problem-solving skills, think about how to advise your employees. But you have to agree that things have gotten out of hand.
Role in the valuation of stocks and stock market equilibrium : Discuss non-rational factors that may have a role in the valuation of stocks and stock market equilibrium. Provide specific examples to support your response
Summarize- the objectification of women : dentify the thesis statement of each version. Summarize the second or final version
Determine the project scope and project schedule : Determine the project scope and project schedule for SuperPacks. This task has two parts. provide an analysis of unexpected events .

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd