Determine manufacturing cost per unit under variable costing

Assignment Help Cost Accounting
Reference no: EM13889099

Burns Company incurred the following costs during the year: direct materials $20 per unit; direct labor $14 per unit; variable manufacturing overhead $15 per unit; variable selling and administrative costs $8 per unit; fixed manufacturing overhead $128,000; and fixed selling and administrative costs $10,000. Burns produced 8,000 units and sold 6,000 units. Determine the manufacturing cost per unit under (a) absorption costing and (b) variable costing.

Reference no: EM13889099

Questions Cloud

The marginal rate of substitution : The marginal rate of substitution (MRS) determines the rate at which a consumer is willing to substitute between two goods in order to achieve.
Cerulean corporation has two equal shareholders : Cerulean Corporation has two equal shareholders, Eloise and Olivia. Eloise acquired her Cerulean stock three years ago by transferring property worth $ 700,000, basis of $ 300,000, for 70 shares of the stock. Olivia acquired 70 shares in Cerulean Cor..
Consumer buys less gasoline because gas prices increased : If a consumer buys less gasoline because gas prices increased by 10% even though all other prices have also increased by 10% then
About the dollar exchange : Suppose that last year one dollar US exchanged for one euro if this year one dollar exchange for $.90 euro we can conclude that:
Determine manufacturing cost per unit under variable costing : Burns produced 8,000 units and sold 6,000 units. Determine the manufacturing cost per unit under (a) absorption costing and (b) variable costing.
Long-term strategic marketing goals : long-term strategic marketing goals
What is equilibrium price and quantity in the yoga market : On October 1st of last year, the District of Columbia instituted a tax on health club businesses, sometimes referred to as the so-called “gym tax” or “yoga tax”. Many wondered what the incidence of this tax will be: Assume, initially, there is no tax..
What are the total product costs for the company : The Rock Company produces basketballs. It incurred the following costs during the year. What are the total product costs for the company under variable costing?
Do you think it was the right decision for hotel : Do you think it was the right decision for Hotel International (HI) to take over the management of RDH? Why or why not? Paul Fortune was appointed to begin the transition from a Chinese managed SOE to management by HI

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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