Determine and calculate the period costs

Assignment Help Managerial Accounting
Reference no: EM132533931

Refer to the following information listed below:

Direct material used $150,000

Selling costs $5,000

Indirect labour $7,000

Administrative costs $10,000

Depreciation on factory equipment $70,000

Direct labour $40,000

Overtime premiums paid $20,000

Indirect materials $45,000

Question1 : Based on the information provided above, calculate the period costs:

A. $15,000

B. $20,000

C. $190,000

D. $372,000

Reference no: EM132533931

Questions Cloud

Calculate the selling price if the company decides : Calculate the selling price if the company decides to use absorption cost. Calculate the selling price if the company decides to price total variable cost.
Can denise get out of this contract : Can Denise get out of this contract? If so, on what basis? Can Denise choose to remain in the contract? If so, is she entitled to be compensated in any manner
Organizations external-general or industry environment : Discuss what might be in the organizations external, general, or industry environment that would influence strategic planning for that company.
Identify and describe the two forms of account receivable : Identify and describe the two forms of account receivable confirmation requests and indicate what factors Adem should consider in determining when to use each
Determine and calculate the period costs : Based on the information provided above, calculate the period costs?Depreciation on factory equipment $70,000,Administrative costs $10,000
Strategic plan environmental scan : Determine how to create value and sustain competitive advantage using the environmental scanning strategy.
How to calculate the predetermined overhead rates : How to Calculate the predetermined overhead rates per machine hour based on practical capacity, normal capacity and budgeted capacity respectively.
Define what account would redited to record fedora : Fedora Inc. uses a weighted-average process costing system,Find What account would have been credited to record Fedora's completed production?
Prepare and post the adjusting entries : Prepare and post (1) the adjusting entries and (2) the closing entries for the temporary accounts at December 31. Prepare and post reversing entries on January

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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