User Account

All Pages

Compute its operating income

Assignment Help Managerial Accounting
Reference no: EM133124148

Question - Fighting Kites produces several different kite kits. Last year, the company produced 36,000 kits and sold all but 1,000 kits. The kits sell for $26 each. Costs incurred are listed here.

Material purchased $58,000

Materials used $46,000

Other variable manufacturing costs $62,000

Fixed manufacturing costs $85,000

Variable selling costs $20,000

Fixed selling and administrative costs $118,000

If the company uses absorption costing and a denominator level of 44,000, compute its operating income?

Reference no: EM133124148

Questions Cloud

Possible drawback of subsidizing higher education : In many countries, higher education is heavily subsidized by the government (that is, university students do not bear the full cost of their college education).
Determine the economic purchased quantity : The cost for placing an order is P1500!) and the holding cost is 20% of the purchased price. Determine the economic purchased quantity.
Prepare any necessary amortization tables : For situation 1, use the effective interest method for discount and premium amortization and prepare any necessary amortization tables
Financial panics and banking crises : Explain what happens to the economy during financial panics and banking crises
Compute its operating income : The kits sell for $26 each. If the company uses absorption costing and a denominator level of 44,000, compute its operating income
Explain the international monetary fund : The International Monetary Fund (IMF) has hired you as an economic development expert. Your assignment is to travel to several countries in the Middle East (Ira
Compute the minimum number of one-litre bottles Purity Ltd : Based on sales projections as budgeted above, compute the minimum number of 1-litre bottles Purity Ltd must produce during 2019
Realistic model of managerial decision making : Outline the relationship between the profit-maximising output and the revenue-maximising output with reference to Baumol's Model of managerial decision making (
Literature review on the principle of non-refoulement : Literature review on The Principle of Non-Refoulement Does Not Protect A Person Outside The Country Of Origin

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