Compute the cost of goods sold

Assignment Help Accounting Basics
Reference no: EM133189143

Question - Actuals are in for quarter two. You sold 5% more units than you budgeted for (round to a whole unit), but price per unit was $15.50.

Required -

a. Calculate revenue.

b. Compute the cost of goods sold (total and per unit) before adjusting for actual OH cost (there was not any beginning finished goods inventory for Q2).

Reference no: EM133189143

Questions Cloud

What is the cost of one good finished unit : Fortunately, Mahogany Corporation found a buyer who will use the spoiled goods as his raw materials. What is the cost of one good finished unit
Global banking regulatory systems : What steps have been taken to date regarding the improvement to the global banking regulatory systems.
Practices in organizational governance best practices : 1a. Formulate at least five (5) best practices in organizational governance best practices.
What types of positive communication did you find : What types of positive communication did you find, What techniques did you witness or experience
Compute the cost of goods sold : Compute the cost of goods sold (total and per unit) before adjusting for actual OH cost (there was not any beginning finished goods inventory for Q2)
Explain the terms of psychographics : Explain. In terms of psychographics, what additional details about your values, personality, or lifestyle would help a car manufacturer target you more effectiv
What amount of revenue should be recognized by Aglubo Corp : Aglubo Corp. estimated that 3% of the units sold or 3,000 units will be returned within the 30-day period. What amount of revenue should be recognized by Aglubo
Design a recruitment strategy : Your group is to design a recruitment strategy that will include conducting a job analysis based on a job of your choosing (if you wish, you may choose a job he
How to start a headstone and monument business : INTRODUCTION content will be tailor-made to fit the scope and goals of the presentation. The draft should include ten+ PowerPoint Slides should consist of a sum

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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