Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Stark, Inc., produces and sells a unique robot antenna. The company has just opened a new plant to manufacture the antenna, and the following cost and revenue data have been reported for the first month of the new plant's operation:
Selling price
$50
Beginning inventory
0
Units produced
35,000
Units sold
30,000
Selling price per unit
Selling and Admin expenses:
Variable per unit
$2
Fixed (total)
$360,000
Manufacturing costs:
Direct material cost per unit
$9
Direct labour cost per unit
$8
Variable overhead cost per unit
$3
Fixed overhead cost (Total)
$525,000
Management is anxious to see how profitable the new antenna will be and has asked that an income statement be prepared for the month. Assume that direct labour is a variable cost.
Required -
1. Assuming that the company uses absorption costing, compute the unit product cost and prepare an income statement.
2. Assuming that the company uses variable costing, compute the unit product cost and prepare an income statement.
3. Explain the reason for any difference in the ending inventories under the two costing methods and the impact of this difference on reported operating income.
What is the amount of cash LaRoe paid to suppliers of merchandise during the reporting period if its cost of goods sold was $25 million?
What would be the relevant cost of the materials, in total, for purposes of determining a minimum acceptable price for the order for product GEE?
Demonstrate the number of staff needed to cover classes. South Hampton is planning to award scholarships to 200 students, which will cover their fees.
If a customer purchases both software packages on June 1, 20x6, how much revenue should Tony &Jr. recognize for the year 20x6?
What is the net dollar advantage or disadvantage of accepting the outside supplier's offer? (Do not round intermediate calculations)
First determine the formula to calculate the net return under each? alternative, then calculate the net return under each alternative
Determine the company's total required production in units of finished product for the entire three-month period ending September 30.
Compute the net present value of the proposed investment? You must provide the supporting calculations using the Present Value (Annuity) Tables
Amount of in investment: $40,000, Useful life: 7 years, estimated residual value: $3,000, What is the average annual income for truck
Paid $90 cash for freight to trucking company.How each of the events affects the company's financial statements, using the horizontal financial statement model.
Begin by preparing the direct materials budget for January and February through total direct materials needed line and then complete the budget
Assess the suitability of this investment using both discounting and non-discounting methods. M Milling Company purchased machine X at a cost of Sh.5.8 million.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd