Determine operating income using variable-costing approach

Assignment Help Managerial Accounting
Reference no: EM132847213

Question - The following data are available for Marble Hill Factory for the year ended 31 December 2020.

Sales: 24,000 units at $50 each

Expected and actual production: 30,000 units

Manufacturing costs incurred, in the production of 30,000 units:

Variable: $525,000

Fixed: $372,000

Non-manufacturing costs incurred in the production of 30,000 units:

Variable: $144,800

Fixed: $77,400

Beginning inventories: none

REQUIRED -

A) Determine operating income using the variable-costing approach.

B) Determine operating income using the absorption-costing approach.

Reference no: EM132847213

Questions Cloud

What is the probability of selecting a sydney resident : A survey of 800 Sydney residents resulted in the following crosstabulation regarding their major form of transport to work and whether or not they find public t
Prepare the adjusting journal entries : On December 31 2020 the ending inventory was overstated by 20,000 pesos. Prepare the adjusting journal entries assuming errors were discovered
What are the cities and the week for the best time : What are the cities and the week for the best time to try to hold the event and Find the intersection, union, and difference for the two directions of wind flow
Definable theoretical construct : 1.The extent to which a measurement strategy actually measures a definable theoretical construct or trait is known as?
Determine operating income using variable-costing approach : Non-manufacturing costs incurred in the production of 30,000 units: Determine operating income using variable-costing approach
What percentage of people received a grade : What percentage of people received a grade of 94 or less?
Confidence interval for population proportion : a. Construct a 97.5% confidence interval for population proportion of all males who are left handed.
Make an income statement for Land O Lark Corporation : Make an income statement using the following data for Land O' Lark Corporation for the year ended December 31, 2018: Sales $24,500,000
Calculate the effect size : Paste the appropriate SPSS graph. Calculate the effect size. Show all of your work. Is it considered "small", "medium", or "large"?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How much cash coronado receive during may from customers

Operating expenses are: Salaries, $51000; Depreciation, $11800; Rent, $14800; and Utilities, $13400. How much cash Coronado receive during May from customers

  Diverse management consultants

FDMBM, BAM 2001 - Diverse Management Consultants clear financial analysis making appropriate use of techniques and theory from the FDMBM learning materials.

  Which of coming up next is false in monopolistic competition

Which of coming up next is false in a monopolistic competition? Which of coming up next is legitimate in regards to insignificant pay (MR) in a partnership?

  What interest payments do bondholders receive

What will happen to the bond price if the yield to maturity falls to 6.3%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

  What a characteristic of products that are mass-produced

What a characteristic of products that are mass-produced in a continuous fashion is that? the products are identical or very similar in nature.

  Find and calculate the irr promised by the new van

Calculate the IRR promised by the new van. (Hint: Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculation)

  Compute the return on investment

Data concerning the most recent year appear below: Sales $17,900,000 and Net operating income $5,900,000. Compute the return on investment

  How much does gain or lose per share

How much does gain or lose per share if he sells the stock when the required re-turn on similar-risk preferred stocks has risen to 10%? Explain

  How much more or less can be spent on promotional costs

How much more (less) can be spent on promotional costs if the highest fee tolerable to the customer is $600, if variable costs cannot be reduced.

  What is the summary journal entry to close any under

Sicily Company,What is the summary journal entry to close any under or overapplied manufacturing overhead cost to cost of goods sold.

  How many cakes must be sold to earn a monthly profit

Calculate the break even point for a month in units. How many cakes must be sold to earn a monthly profit of $10,000?

  Which encouraging managers to make decisions

Internally transferred goods (or services) in order to simulate the marketplace, thus encouraging managers to make decisions that are in the best interest of

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