User Account

All Pages

Compute cost of goods sold under absorption costing

Assignment Help Accounting Basics
Reference no: EM132557136

Question - Obama Company sells its product for $25 per unit. During 2020, it produced 27500 units and sold 13200 units (there was no beginning inventory). Costs per unit are: direct materials $7, direct labour $6, and variable overhead $5. Fixed costs are: $412500 manufacturing overhead, and $68750 selling and administrative expenses. Compute Cost of goods sold under absorption costing?

Reference no: EM132557136

Questions Cloud

How the system analysis should be performed : How the system analysis should be performed. Comment on whose position you sympathise with the most and What method would you recommend to Illustrious limited
Compute what is risk premium : Stock that you expect to provide a 10 percent return over the next year. If Treasury bills have a 90-day rate of return of 2%, what is your risk premium?
Management organizational behavior : What was Cynthia Cooper's role in uncovering the fraud at WorldCom? Compare Cynthia Cooper's conflict resolution style with the style used by Betty Vinson.
Project sponsor informed : Your Project Sponsor informed you that you have to deliver your project much sooner than anticipated.
Compute cost of goods sold under absorption costing : Fixed costs are: $412500 manufacturing overhead, and $68750 selling and administrative expenses. Compute Cost of goods sold under absorption costing
Illustrate the damaging effects of uncollectible accounts : In Ned's journal entry, How he debited $9,200 for and and entered a credit of $9,200 for? illustrate the damaging effects of uncollectible accounts
How ought the christian think about sickness and health : In 400-500 words, respond to the following: How ought the Christian think about sickness and health? How should a Christian think about medical intervention?
Compare three different levels of health promotion : Compare and contrast the three different levels of health promotion (primary, secondary, tertiary). Discuss how the levels of prevention help determine.
Outline any potential risks and determine courses of action : The intern auditors of Tantacle Electical company report to the controller. Outline any potential risks and determine the courses of action

Reviews

Write a Review

Accounting Basics Questions & Answers

  Investments in joint ventures

Obtain the 2011 annual report of Vodafone (www.vodafone.com).

  Show how to report the pension amount on the balance sheet

True Grit, Inc. presents the following information pertaining to its pension plan: Show how to report the pension amount on the balance sheet as of December

  45-day note of harold stone.

45-day note of Harold Stone.

  Role of an auditor at a local firm

Write a letter to Apollo Shoes addressing the key points listed below; assume the role of an auditor at a local firm when composing the letter.

  Office equpment purchased for 170000 with cash on 112010

office equpment purchased for 170000 with cash on 112010 with an estimated life of 8 years and a residual value of

  Prepare a production budget

Prepare a production budget and a direct manufacturing labor budget for Roletter Company by month and for the first quarter of 2013

  What is the balance in Agee equity investment account

Trent's net income for 2018 was $350,000. What is the balance in Agee's equity investment account at the end of 2018

  Define debit and credit and explain how assets

what are the two fundamental equality requirements of the double-entry accounting system? define debit and credit and

  What is the amount of samuel inc net accounts receivable

Samuel, Inc. has Accounts Receivable of $240,000 and an Allowance for Doubtful Accounts of $14,000. What is the amount of its net accounts receivable?

  Describe the tax treatment to the partner

Describe the tax treatment to the partner of a proportionate non liquidating distribution of cash, land, and inventory

  Callaway prepays insurance on march 31 each year

Depreciation for the current year includes Office Furniture, $1,000 and Equipment, $2,700. Make a compound entry. Callaway prepays insurance on March 31 each year. At December 31, $600 is still prepaid. Callaway pays employees each Friday. The amount..

  Simple versus compound interest for each of the following

simple versus compound interest for each of the following notes calculate the simple interest due at the end of the

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