User Account

All Pages

Determine operating income

Assignment Help Managerial Accounting
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.

Reference no: EM132857546

Questions Cloud

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?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Implement strategic management accounting at permaclean

This is a case study that relates to Strategic Management Accounting and it is about Permaclean which is a domestic cleaning materials manufacturer. Permaclean increased its price and its market share fell by 27 percent. The management of Permacle..

  What impact will occur to Diva Footwear net income

If platform shoes are dropped, sales of athletic shoes are expected to drop by 10%. What impact will occur to Diva Footwear's net income

  Make traditional format income statement for august

Solve contribution format income statement for August. Show costs and revenues on both a total and a per unit basis down through contribution margin.

  Demonstrate what amount of operating income would increase

Create an incremental analysis schedule to demonstrate what amount of operating income would increase or decrease as a result of accepting the special order.

  How units were transferred out

During the accounting period, the department started an additional 275 units and had an ending balance of 50 units. units were transferred out

  How many units must watson sell to generate

How many units must Watson sell to generate net operating income of $50,000? Next year, fixed expenses are expected to be $200,000

  Advantages of variable costing and the contribution approach

What are the advantages of Variable Costing and the Contribution Approach? Explain each and provide examples - Absorption Costing meets the requirement

  What amount of sales would be required for a net income

$120,000 produces a product with variable costs of $16 per unit and a selling price of $24. What amount of sales would be required for a net income of $60,000?

  Estimate the fair value for the options granted

Estimate the fair value for the options granted during 2019 using the Black-Scholes model, what amounts would you input for the items

  How does the aon diagram change

How does the AON diagram change? - How much does the project completion time increase? - What is the new critical path?

  Provide estimate of Terrin weighted average cost of capital

The Mitchell bond price is quoted in the Wall Street Journal at 93, its coupon rate is 6%, Provide estimate of Terrin weighted average cost of capital

  How should the journal entry record second monthly payment

How would the amortization table showing the original balance of this loan, and the allocation of the first two monthly payments.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd