Compute gross margin for february

Assignment Help Managerial Accounting
Reference no: EM132663543

Nurikamal Technology Inc. manufactures heavy duty flash lights. January and February operations were identical in every way except for the planned production.

January had a production denominator of 88844 units.
February had a production denominator of 65847 units.
Fixed manufacturing costs totaled 211812.

  • Sales for January month totaled 88844 units with variable manufacturing costs of 7 per unit. Sales for February month totaled 65847 units. Selling and administrative costs were 2 per unit variable and 53259 of fixed. The selling price was 10 per unit.

Problem 1: Compute Gross Margin for February

Problem 2: Compute OI for January

Problem 3: Compute OI for February

Reference no: EM132663543

Questions Cloud

Compute cost per unit for february : Compute cost per unit for February. Nurikamal Technology Inc. manufactures heavy duty flash lights. January and February operations were identical
What are the federal income tax aspects to consider : Maple, Inc., is an S corporation with a single shareholder, Bob Maple. What are the Federal income tax aspects to consider
Discuss about the concessions in relation to negotiation : Conduct a search of Campbellsville University's online Library resources to find 1 recent peer reviewed article (within the past 3 years) that closely relate.
Outline for change management plan : Discuss your plan for working with the people who will be involved or impacted by your recommendations
Compute gross margin for february : Compute Gross Margin for February. Nurikamal Technology Inc. manufactures heavy duty flash lights. January and February operations were identical
Discuss the related federal income tax effects : Discuss the related Federal income tax effects. Assume that there was no corporate note (i.e., only an account payable)
Compute inventoriable cost per unit for january : Compute inventoriable cost per unit for January. Sales for January month totaled 88844 units with variable manufacturing costs of 7 per unit.
Discuss the tax effects of the distribution : Jeff, a 52% owner of an S corporation, has a stock basis of zero at the beginning of the year. Discuss the tax effects of the distribution
Compute contribution margin for february : Compute Contribution Margin for February. Sales for both months totaled 63237 units with variable manufacturing costs of 7 per unit.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd