Calculate the unit product cost

Assignment Help Accounting Basics
Reference no: EM132543154

Question - Oleana Company manufactures and sells one product. The company makes and sells 1,000 units of product during the year. The company also provides the following cost data:

Cost per unit:

Direct materials $65

Direct labor $15

Fixed manufacturing overhead $3

Fixed selling and administrative expenses $2

The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. The selling price of the company's product is $268 per unit.

If the company uses super-variable costing, calculate the unit product cost?

Reference no: EM132543154

Questions Cloud

Different atoms with no unshared electrons : Which period 2 nonmetal would normally be expected to form two covalent double bonds to two different atoms with no unshared electrons?
Job order costing vs. process costing : Explain the similarities and differences between job order costing and process costing.
Find how environmental management accounting can be used : Find how environmental management accounting can be used to overcome the shortcomings of traditional management accounting in dealing
What is reduced in the equation : What is reduced in the following equation? Cu(NO3)2 + Zn = Zn(NO3)2 + Cu
Calculate the unit product cost : The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. calculate the unit product cost
Variable and absorption costing : There are arguments (for and against) variable costing and absorption costing. Select one of these costing methods and explore the various arguments.
Describe the characteristic of the chemical bond : Given the electronegativity values of the following atoms, describe the characteristic of the chemical bond formed between them: C (2.5) and another C (2.5)
Explain the six key concepts to make the renting or stay : Explain the six key concepts to make the Renting or stay at current situation, drop or retain a segment, make or buy decision, special orders decision
Identify three weaknesses in revenue cycle procedures : Identify at least three weaknesses in ABC Corporation's revenue cycle procedures, explain the associated problem, and propose the necessary control points

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the predetermined overhead for each process

Mark's Candles makes candles for retailers and wholesalers. Calculate the Predetermined Overhead for each process

  Capital city corporation uses the conventional retail

capital city corporation uses the conventional retail inventory method to determine its ending inventory at cost. the

  During july the equivalent full units of direct materials

1. on january 31 village bank had 500000 shares of 3 par value common stock outstanding. on that date the company

  What is the tax expense

Assume that gerald company paid $94,000 for income tax at the year 2015. What is the tax expense for 2015

  To what extent are countries changing with respect to

to what extent are countries changing with respect to national cultures and accounting values? are they converging or

  Show how high performance would report receivables

Show how High Performance would report receivables on its balance sheet after all entries have been posted.

  Calculate the overhead rates using the activity-based

wilkins inc. has two types of handbags standard and custom. the controller has decided to use a plantwide overhead rate

  The furniture you have picked out at cape furniture company

your boss has given you the responsibility for furnishing the soon-to-be-completed headquarters building. the

  Define the fee-for-service and prepaid health plan models

Define and then compare and contrast the fee-for-service and prepaid health plan models. What is the best type of health insurance

  Explain the impact on the current ratio

The current ratio went from 1.9 in 2018 down to .3 in 2019, Explain the impact on the current ratio and net income as a result of these accounting practices

  Mode and median of the distribution

Karl pearson coefficient of skewness of distribution is +0.32.its standard deviation is 6.5 and mean is 29.6. Find the mode and median of the distribution.

  Discuss levels of assurance that can be provided on audit

Define 2 internal control areas that you would focus on with your business. Discuss the levels of assurance that can be provided on audit reports.

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