Reference no: EM132857546
Question - Kwan Manufacturing Company data for 20X0 follow:
Sales: 11,000 units at $19 each
Actual production 15,500 units
Expected volume of production 15,500 units
Manufacturing costs incurred
Variable $124,000
Fixed $54,000
Nonmanufacturing costs incurred
Variable $11,000
Fixed $17,800
Required -
1) Determine operating income for 20X0, assuming the firm uses the variable-costing approach to product costing.
2) Assume that there is no January 1, 20X0, inventory; no variances are allocated to inventory; and the firm uses a "full absorption" approach to product costing. Compute (a) the cost assigned to December 31, 20X0, inventory, and (b) operating income for the year ended December 31, 20X0.
|
Compute the variable overhead rate
: The company uses standards to control its costs. To finish one unit, 10 minutes is required. Compute the variable overhead rate
|
|
Analyzing strategic management cases
: How analyzing strategic management cases can help develop the ability to differentiate, speculate, and integrate when evaluating complex business problems.
|
|
Find the regression equation for the following data set
: A data set whose original x values ranged from 41 through 78 was used to generate a regression equation of y=5.3x - 21.9. Use the regression equation
|
|
What is the level of significance
: Bill Alther is a zoologist who studies Anna's hummingbird (Calypte anna3.7 2.9 3.8 4.2 4.8 3.1). (Reference: Hummingbirds, K. Long, W. Alther.)
|
|
Determine operating income
: Determine operating income for 20X0, assuming the firm uses the variable-costing approach to product costing
|
|
Calculate ss-variance and standard deviation
: -Calculate SS, variance, and standard deviation for the following sample of n = 6 scores: 11, 0, 8, 2, 4, 5. (The definitional formula works well with these sco
|
|
Evaluate inclusive practice in relation to current
: Evaluate inclusive practice in relation to current frameworks for children from birth to 7 years.
|
|
Determine sales volume required to the target income
: The variable cost of the raffle ticket is $2 and the fixed cost is $8,000. Determine the sales volume required to achieve the target income
|
|
What is the probability that joe will be accepted
: What is the probability that Joe will be accepted at least by one of the two universities?
|