User Account

All Pages

Calculate value of chassen june finished goods inventory

Assignment Help Managerial Accounting
Reference no: EM132763836

Problem - Chassen Company, a cracker and cookie manufacturer, has the following unit costs for the month of June:

Variable manufacturing cost $5.00

Variable marketing cost 3.50

Fixed manufacturing cost 2.00

Fixed marketing cost 4.00

A total of 100,000 units were manufactured during June, of which 10,000 remain in ending inventory. Chassen uses the first-in, first-out (FIFO) inventory method, and the 10,000 units are the only finished goods inventory at June 30. Under the absorption costing concept, calculate the value of Chassen's June 30 finished goods inventory?

a. $50,000.

b. $70,000.

c. $85,000.

d. $145,000.

Reference no: EM132763836

Questions Cloud

How a forensic psychology professional might use findings : Post a brief summary of the study you selected, being sure to include the key findings and any other important "takeaways" of the study.
Describe advantages of governmental involvement : Describe two advantages and two Disadvantages of governmental involvement. What changes would you make to Improve government's role?
What is the difference of low and remote inclusion : What is the difference of low and remote inclusion? What methods can me employed to prevent a security breach?
Analyse the impact of risk management on the operations : Analyse the impact of risk management on the operations in the public sector organisations in pursuit of their statutory duties and policies
Calculate value of chassen june finished goods inventory : A total of 100,000 units were manufactured during June, of which 10,000 remain in ending inventory. Calculate value of Chassen June finished goods inventory
Explain how you might apply knowledge of human behavior : Explain how you might apply knowledge of human behavior and the social environment when engaging with the identified client in the case.
Complexity of information systems research : This journal article was focused on the Complexity of Information Systems Research in the Digital World.
Compute what was operating cash flow for bfa corporation : Last year, BFA Corporation had net sales of $3,600,000. If the interest charge was $30,000 and the tax rate is 35 percent, what was the operating cash flow?
How might the risk factors differ in outpatient population : What are the primary risk factors that a forensic professional should be concerned about in an inmate population? How might the risk factors differ.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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