Determine how many units should be produced

Assignment Help Cost Accounting
Reference no: EM132715607

Below are forecast sales and inventory information for Silver, Inc., :

Unit selling price $20 per unit

Sales 45,000 units

Beginning Finished Goods inventory 10,000 units

Desired ending Finished Goods inventory 9,000 units

The standard labor time to produce one unit is 0.5 hrs. and standard labor rate is $6 per hour. Silver allocate overhead using predetermined overhead rate at $2/labor hour.

Problem 1: According to the production budget, how many units should be produced?

A. 30,000 units

B. 42,000 units

C. 44,000 units

D. 50,000 units

Reference no: EM132715607

Questions Cloud

Estimate the six month euro interest rate : Estimate the six month euro interest rate. (Please round your answer to four decimal places)
What is silver inc budgeted cost to produce one unit : What is Silver, Inc. budgeted cost to produce one unit? The standard labor time to produce one unit is 0.5 hrs. and standard labor rate is $6 per hour.
Find forward price and value of forward contract : A one-year long forward contract on a non-dividend-paying stock is entered into when the stock price is $50 and the risk-free rate of interest is 8%
Determine nordic consulting 2019 net income : Assume that Nordic Consulting had an EBIT of €325mn in 2019, interest expenses of €125mn and a corporate tax rate of 40%.
Determine how many units should be produced : The standard labor time to produce one unit is 0.5 hrs. and standard labor rate is $6. According to the production budget, how many units should be produced?
What is the present value of the cash flows : What is the present value of the cash flows from the drug if interest rate is 12% per year?
What minimum price if galaxy accept the special order is : If Galaxy's is currently producing 20,000 components (at full capacity), the minimum price/unit if Galaxy accept the special order is
Derive an expression for the put call parity : Derive an expression for the put call parity of a European option.
What is the true initial cost figure-caughlin company : Caughlin Company needs to raise $65 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity

Reviews

Write a Review

Cost Accounting Questions & Answers

  Describes components of internal control

Define and discuss the Federal/Private audit gap and the COSO Framework describes components of internal control.  Please list and describe these components.

  Main task prepare an income statement to determine cost

main task prepare an income statement to determine cost approachesin this activity you will prepare one of the most use

  Allocating joint manufacturing costs to main products

Allocating joint manufacturing costs to main products allocates joint costs based on number of units or physical quantity such as weight, volume or length

  Compute the roi for both divisions

Explain why EVA® is considered a superior performance evaluation method in comparison to ROI and RI?

  Deal with risk and uncertainty

In the Cost-Volume-Profit analysis, what are the ways management can deal with risk and uncertainty? Discuss with reasoning.

  What would the cost drivers

Order tests. 8. Move to/from laboratory. 9. Administer lab tests. 10. Order pharmaceuticals. 11. Complete patient report. 12. Check patient's vital signs. 13. Prepare patient for operation. 14. Move to/from operating room. 15. Operate. 16. Collect ch..

  Why job-order costing would be an appropriate costing method

Read about one of the company's recent (or upcoming) film releases. Then discuss why or why not job-order costing would be an appropriate costing method for feature film production.

  Prepare wasmeiers income statement presentation

Wasmeier had 100,000 shares of common stock outstanding all year. Prepare Wasmeier's income statement presentation of earnings per share.

  Compute the variable cost per unit

Compute the variable cost per unit. Compute el costo variable por unidad? Compute how many CDs that MARCARIE will have to sell in order to break even.

  Compute the firms predetermined overhead rate

Why is calculating the predetermined overhead rate so important and compute the firm's predetermined overhead rate.

  Analyze all cost and expense factors to determine a general

Analyze all cost and expense factors to determine a general formula (based on units of production) for total cost. Round variable cost per unit

  Compute the amount of purchasing department cost

Redder Company has a purchasing, Compute the amount of purchasing department cost that should be charged to each factory for the year.

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