User Account

All Pages

Compute total cost of ending finished goods inventory

Assignment Help Managerial Accounting
Reference no: EM132821606

Operations for the month ending September 30

Administrative costs$30,000

Depreciation on factory equipment 12,000

Indirect materials 2,000

Marketing and distribution costs 24,000

Salaries for factory supervisors 20,000

Wages for production workers 26,000

Raw materials used 38,000

Sales revenue 196,000

Selling costs 18,000

Utilities for production facilities 8,000

Number of units produced 20,000 Number of units sold 15,000

Problem a: Compute the following:

1) Total manufacturing overhead costs
2) Total product costs
3) Total cost of ending finished goods inventory
4) Total cost of goods sold

Reference no: EM132821606

Questions Cloud

Facilitating successful change in organization : Why is vision essential to facilitating successful change in an organization?
What is the concept of an offer in contracts : PepsiCo refused to provide Leonard with a Harrier jet because it said the ad was not an offer but a joke. Leonard filed a lawsuit but PepsiCo had already
Conduct a trend analysis in your organization : A trend analysis is the process of identifying and collecting information and data over time. Without the use timely and accurate information and data.
Relationship between cost accounting-management accounting : Give some classification of costs, explain by giving examples? What are benefits that can be achieved if you understand cost and cost systems in the business?
Compute total cost of ending finished goods inventory : Compute Total cost of ending finished goods inventory. Number of units produced 20,000 Number of units sold 15,000. Sales revenue 196,000
Calculate the company reported net income for the period : Centurion Co. had the following accounts and balances at December 31: Using the information in the table, calculate the company's reported net income for period
Assess the different approaches to developing vision : Assess the different approaches to developing vision Evaluate the keys factors which impact on the communication of vision to external vision
How much will bill have in the account at the end : The bank account has a nominal interest rate of 8% and interest is compounded monthly. How much will Bill have in the account at the end of 2½ years?
What does social responsibility mean to you personally : Do you think business organizations should be socially responsible? What do you think is the best way for managers to ensure their employees act ethically?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the expected cash budget amount for the month

What is the expected cash budget amount for the month of December? Budgeted cash disbursements for purchases and salaries, $180,000 and $100,000

  Find the cost of goods sold for january

Determine the Cost of Goods Sold for January and provide the Job number(3) In Costel Goods Sold for January and determine the total cost of goods

  How much is the margin of safety for the company for june

Total fixed expenses, $84,000; Actual sales for the month of June, 4,000 units. How much is the margin of safety for the company for June?

  Determine the amount of retained earnings at end of period

Determine the amount of Retained Earnings at the end of the period. Income Summary has a debit of $201,300 and a credit of $269,700.

  Determine if capital budget project is viable project cost

Calculate and determine if the capital budget project is viable project cost $1.5million, project life 10 years and cost of capital 13% and annual cash flows

  Determine if the payout from selling an investment property

Would NPV be the only method you could use in determining if the payout from selling an investment property is in your best interest? Why or why not?

  A monopolist firm faces a demand with constant

A monopolist firm faces a demand with constant elasticity of -2.0. It has a constant marginal cost of $20 per unit and sets a price to maximize profit. If marginal cost should increase by 25 percent, would the price charged also rise by 25 percent?

  How much would sales have to increase for the company

If Den's advertising costs increased by $6,000, by how much would sales have to increase for the company to achieve an operating profit of $4,000?

  What is the remainder paid the month

Purchases are paid at a rate of 70% in the month of purchase, with the remainder paid the following month. All other expenses are paid in the month they occur.

  Information about budget

Discuss how a budget could help you personally or your organization accomplish the objectives of long range plan developed for you personally or for your organization.

  Find and compute the accounting rate of return

On 1/1/18, Beach Boys Photographers invested in new camera equipment costing. For 2018, compute the accounting rate of return based on the initial investment.

  What should the opening inventory in units be for april

Noel Enterprises, What is the total number of units to be produced in February? What should the opening inventory in units be for April?

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