Calculate the Total Manufacturing Costs

Assignment Help Financial Accounting
Reference no: EM132963377

Problem - At a given level of Production, Biscuit Manufacturing has the following costs:

Prime Costs $900,000

Direct Labour Costs $200,000

Variable Manufacturing Costs $1,000,000

Fixed Manufacturing Costs $300,000

Required -

(a) Calculate the Direct materials used.

(b) Calculate the Total Manufacturing Costs.

(c) Calculate the Variable manufacturing overhead costs.

Reference no: EM132963377

Questions Cloud

Analyse the challenges organisations face accessing finance : Analyse the challenges organisations face accessing finance Challenges may include but are not limited to organisational size and strategic intent
What final payment will be necessary : A consumer buys goods worth $190. She pays $19 down and will pay $95 at the end of 1 year. What final payment will be necessary
How much can he withdraw at the end of each year : How much can he withdraw at the end of each year for the next 26 years if a 4.8% interest rate can be earned annually on the account's remaining balance
Show that g is an encoding function : State whether { A, B }* is finite or infinite and whether it is countable or uncountable and State the condition for g to be function and argue that g is indeed
Calculate the Total Manufacturing Costs : At a given level of Production, Biscuit Manufacturing has the following costs: Prime Costs $900,000. Calculate the Total Manufacturing Costs
Compute the net income : Profit recognition entries at year-end on the initial franchise fees under each of the following; Compute for the net income in 2020
Calculate the total raw material variance for May : Calculate the total raw material variance for May and break it down into sub-variances. How do you interpret the results of your calculations
How can management address those challenges : How can management address those challenges? What are the challenges associated with establishing fair values
Make the shareholders equity section of the statement : ABC Company has two classes of share capital outstanding: 10%, P20 par preference and P1 par ordinary. Make the shareholders equity section of the statement

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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