User Account

All Pages

Craft company produces a single product

Assignment Help Managerial Accounting
Reference no: EM13973966

1. Craft Company produces a single product. Last year, the company had a net operating income of $80,000 using absorption costing and $74,500 using variable costing. The fixed manufacturing overhead cost was $5 per unit. There were no beginning inventories. If 21,500 units were produced last year, then sales last year were: 

A. 16,000 units
B. 20,400 units
C. 22,600 units
D. 27,000 units

Reference no: EM13973966

Questions Cloud

How you would assess demand : Referring to the same novel health care product or service you came up with last week (Discussion 2, Part 2), determine how you would assess demand for and the cost to produce your product or deliver your service
Write a c++ program that determines density of a materials : Write a C++ program that determines the density of a materials, given the radius and mass of a sphere. This is a assignment similar to the exercise wc did in the lab last Friday.
Stephen company produces a single product : Stephen Company produces a single product. Last year, the company had 20,000 units in its ending inventory. During the year, Stephen's variable production costs were $12 per unit.
Do you think that more bandwidth availability would change : Do you think that more bandwidth availability would change the way that you currently use the network connection you have at work?
Craft company produces a single product : Craft Company produces a single product. Last year, the company had a net operating income of $80,000 using absorption costing and $74,500 using variable costing.
Case write up-an evil plot to destroy the world : This is a case write up. You need to read the case frist. And in the write up, you need to answer the following question. What do you recommend and why
Ethics should play a large role in decision-making process : Identify the stakeholders and consider the situation from their point of view. For example, consider the point of view of the company's employees, top management, stockholders, customers, suppliers, and community
Under applied or over applied overhead : Actual direct hours were 7,200 and actual overhead spending was $83,000. What was the under applied or over applied overhead for the month of May? Over applied is shown as a negative number
Deanne company produces a single product : DeAnne Company produces a single product. The company's variable costing income statement for August appears below:

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Chris shannon is employed by acme company

Allocate Ms. Shannon's earnings for the week between direct labor and manufacturing overhead.

  Show the effect on financial statements

Evaluate the recommendation of the Vice president (Treating Ad as cost of production and overhead). The effect on financial statements and evaluate the recommendation of controller Morgan (Treating Ad as operating expense). The effect on financial ..

  Explain the mechanism which restores the balance

Explain the mechanism which restores the balance of payments equilibrium when it is disturbed under the gold standard.

  Financial controller of a corporation

HOHO (Help Our Homeless Offspring) is a charity that works at reuniting homeless children with their families. It also operates numerous halfway homes for their care, counselling and shelter.

  Crsl has a large auditorium which can cater for 300 people

crsl has a large auditorium which can cater for 300 people and is ideal for formal balls and functions. the auditorium

  What is the accounting cost per unit of backpacks

Suppose that the company decided to assign the accounting costs directly to the product lines using the number of transactions as the activity driver. What is the accounting cost per unit of backpacks?

  Demand for management accounting career options

Could someone give me their opinions on how to boost the demand for more management accounting career options on college grounds?

  A task force of capital budgeting analysts

A task force of capital budgeting analysts at Morrison Ltd. collected the following data concerning the drilling and production of known petroleum reserves at an offshore location:

  Prepare the journal entries for all three years

The White Company uses the completed-contract method of accounting for construction and has the  data relating to a 3-year project

  Describe principle of financial accountability

the principle of financial accountability applicable to legal practices in Africa and if so, in what way and discuss the meaning of the principle of financial accountability?

  Determining the ethics standards

Every day we all have decisions to make that depend on us doing the right or wrong thing. It's not always easy to do the right thing. Assume that you accept the following ethical rule

  Key variances between budgeted and actual results

Calculate the flexed budget and the key variances between budgeted and actual results and reconcile the original budget and present the relationship between the budgeted and the actual profit for the month November

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