Determine Anna Company Cost of Goods Sold

Assignment Help Accounting Basics
Reference no: EM132251659

Question - Anna Company provides the following information for their first year of operations in 2018:

Sales, 9,000 units @ $20 each

Total production, 11,000 units

Production costs per unit:

Direct materials $2.00

Direct labor $4.00

Variable overhead $2.00

Fixed manufacturing overhead $9,000

Anna Company uses absorption costing. Use this information to determine for Anna Company the FY 2018 Cost of Goods Sold.

Reference no: EM132251659

Questions Cloud

Determine contribution margin percentage : Frederick Company utilizes a JIT production system and there are no Raw Materials, determine FY 2018 Contribution Margin Percentage
Describe barriers to receiving health care services : Describe barriers to receiving health care services related to the event, and explain the role of the professional nurse in providing health care services.
Determine number board feet of lumber that company buy : Towson keeps lumber on hand at 45% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company buy
What is the correct format : What is the correct format on how to site a web address and the Bible in APA format?
Determine Anna Company Cost of Goods Sold : Anna Company uses absorption costing. Use this information to determine for Anna Company the FY 2018 Cost of Goods Sold
Start an annotated bibliography : What is the best way to start an annotated bibliography?
Determine dollar amount of Ocean Kite Company fixed costs : Ocean City Kite's breaking even point. Use this information to determine the dollar amount of Ocean City Kite Company's fixed costs
Responsibility of completing the task : I love working in groups because the responsibility of completing the task is shared. However I have experienced some challenges
Determine the labor rate variance : The manufacturing standards per sleeping bag, based on 5,000 sleeping bags per month, Determine the labor rate variance

Reviews

Write a Review

Accounting Basics Questions & Answers

  How did the provision impact working families

The Working Families Tax Relief Act of 2004 changed the definition of a qualifying dependent. How did the provision impact working families

  Determine the present value of each plan

On January 1, 2019, Peppermint Patty Baseball Inc. intends to purchase a new pitching machine. Determine the present value of each plan

  Potential consequences of group decision making process

Watch the Groupthink video, and explain why the concept of "groupthink" doesn't necessarily have a positive connotation. Describe what groupthink refers to, and discuss the conditions that must be present in order for this process to occur. What a..

  Luce amp morgan a law firm in downtown jefferson city is

luce amp morgan a law firm in downtown jefferson city is considering opening a legal clinic for middle- and low-income

  What is ending inventory using the average cost method

If thestore sold 23,000 sheets of sandpaper during October, what is ending inventory using the average cost method of inventory costing

  Identify the control principle that you violated

Identify the control principle that you violated and explain how that violation could allow fraud to occur. What controls might be appropriate to use in the future?

  Determine the annual net cash flow from operating

Corporation has recently placed into service some of the largest cruise ships in the world. Determine the annual net cash flow from operating the cruise ship

  Advise the directors of beda ltd of the requirements

Advise the directors of Beda Ltd of the requirements of AASB 127 in respect of the control criterion and how they would apply to this investment.

  What will pnk company show for total debits

Below are some of the account balances for PNK Company: Cash $7,000 Accounts Receivable $12,000. What will PNK Company show for total debits

  Reconcile the amount of net income to the amount of cash

Zephre Company reported net income for the year of $56,000. Depreciation expense for the year was $12,000. During the year, accounts receivable increased by $4,000, inventory decreased by $6,000, accounts payable increased by $3,000, and accrued e..

  In recent years a growing array of entertainment options

in recent years a growing array of entertainment options competes for consumer time. by 2004 cable television and radio

  Find number of shares used in computing diluted earnings

Stine Inc. had 1,000,000 shares of common stock issued and outstanding at December 31, 2017. find The number of shares to be used in computing diluted earnings

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