User Account

All Pages

Calculate the unit cost for each of these four costs

Assignment Help Accounting Basics
Reference no: EM131565131

Problem - Inventory Valuation under Absorption Costing

Hansard Company produced 39,410 units during its first year of operations and sold 38,890 at $17 per unit. The company chose practical activity-at 39,410 units-to compute its predetermined overhead rate. Manufacturing costs are as follows:

Direct materials - $82,350

Direct labor - 101,600

Variable overhead - 15,400

Fixed overhead - 50,500

Required:

1. Calculate the unit cost for each of these four costs. Round your answers to the nearest cent.

2. Calculate the cost of one unit of product under absorption costing. Round your answer to the nearest cent.

3. How many units are in ending inventory?

4. Calculate the cost of ending inventory under absorption costing. Round your answer to the nearest dollar.

Reference no: EM131565131

Questions Cloud

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 .
Calculate the unit cost for each of these four costs : Calculate the cost of one unit of product under absorption costing. Round your answer to the nearest cent
What would motivate a typical generation-y worker : This chapter begins by suggesting that motivating employees has become more challenging in recent years, partly because younger employees.
How inflation can have redistributive effects in the economy : What is the difference between Gross Domestic Product and Gross National Product - how inflation can have redistributive effects in the economy
The resolution of hr issues facing this company : Create a PowerPoint presentation for the senior management explaining how this proposed plan would contribute to the resolution of HR issues facing this company
Prepare a production budget for each of the months of june : Prepare a production budget for each of the months of June, July and August. Assume the beginning inventory of chairs in June will be 2,500 units

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