User Account

All Pages

Compute the prime cost and period cost

Assignment Help Accounting Basics
Reference no: EM133168170

Question - Cost Classification - The following costs relate to BSA2K Industries for the year ended 2020:

Factory Overhead 100,000

Direct Materials 300,000

Depreciation Expenses (Administrative Office) 100,000

Insurance Expense (Administrative Office) 10,000

Total Manufacturing Cost 600,000

Required - Compute the Prime Cost and Period Cost.

Reference no: EM133168170

Questions Cloud

Colonialist model ostensibly : The Colonialist model ostensibly recognizes the value of psychology, What would be some of the advantages and disadvantages of this approach?
Determine the incremental earnings from the purchase : Billingham's marginal corporate tax rate is 21%. Determine the incremental earnings from the purchase of the XC-750
What will the new total of the bank column : The provisional total of the bank column in the Cash receipts journal was R17 150. What will the new total of the bank column
Determine the total productivity ratio : The firm manufactured 3,300 units of the same product in 2021 with the folowing inputs: 600 direct labor hours at $58 per hour. Determine the total productivity
Compute the prime cost and period cost : The following costs relate to BSA2K Industries for the year ended 2020: Factory Overhead 100,000. Compute the Prime Cost and Period Cost
Determine the flexible-budget variance for materials : The company planned to produce 3,400 units, but actually produced only 3,000 units. Determine the flexible-budget variance for materials
Determine the operating income for the period : Selling, general, and administrative expenses were $80,000; net sales were $390,000; interest expense was $16,000; Determine the operating income for the period
What is your savings due solely to the drop in interest rate : Five years ago, you bought a house using a $500,000 30-year fixed rate loan with an interest rate of 4.5%. What is your savings due solely to the drop
Describe the best you can what differences would occur : Describe the best you can what differences would occur in your marketing by country so as to be more sensitive to cultural differences

Reviews

Write a Review

Accounting Basics Questions & Answers

  Differences between publicly traded and private corporations

Briefly explain the differences between publicly traded and private corporations. What distinguishes an open corporation from a closed corporation

  Wuld you expect the volatility of a stock index to be

would you expect the volatility of a stock index to be greater or less than the volatility of a typical stock? explain

  How should the preparer advise the client to report

If not, how should the preparer advise the client to report an item attributable to a tax shelter on the return and why?

  How does a decrese in ratio of the time earned

How does a decrese in ratio of the time earned from 13.01 in 2019 to 7.18 in 2020 & a decrese in debt to asset ratio from 0.92 -0.90 influence the planning.

  What predetermined overhead rate is used during june

Jobs 103 and 104 are started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. What predetermined overhead rate

  Calculate minimum transfer price from the Bottle Division

Using the general rule, calculate the minimum transfer price from the Bottle Division to the Cologne Division. Explain what each calculation of ROI and RI means

  Differentiate a discrete from a continuous random variable

We can often capture the most relevant characteristics. What is a random variable? How would you differentiate a discrete from a continuous random variable?

  Compute the predetermined overhead rate

Assume that the company chooses 30,000 direct labor-hours as the denominator level of activity. Compute the predetermined overhead rate

  Calculate annual depreciation expense

Freight charges amounted to $700 and there was a cost of $3,000 for building a foundation and installing the equipment. Calculate annual depreciation expense

  Close of the budget period

Surveying the accounts payable records, a clerk in the controller's office noted that expenses appeared to rise significantly within a month of the close of the budget period.

  Record the recognition of profit

Record construction costs of 1800000 on construction in process to date. Record progress billings of $ 1000000. Record the recognition of profit that can be recognized to date, on a percentage of completion basis.

  Complete the requested calculation

Complete the requested calculation

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