Determine the dollar value of the ending inventory

Assignment Help Managerial Accounting
Reference no: EM133155460

Question - Courtney Park Company produces the best Smartphones in the world. Variable production costs associated with production are $75.00 per unit, and variable selling and administrative expenses are $15.50 per unit. Fixed manufacturing overhead costs total $213,300 and ?xed selling, and administration expenses total $180,000. Assuming a beginning inventory of 4,800 units, production of 15,800 units occurred during this quarter, and units sold amounts to 18,500 units, determine the dollar value of the ending inventory under variable costing?

Reference no: EM133155460

Questions Cloud

What is the carrying amount of the investment : The bonds have an effective yield of 14% and are quoted at 105 at year end. What is the carrying amount of the investment at the end of the current year
What is the interest rate per compounding period : An investment of $1 for 8 years at 8% annual interest is compounded quarterly. What is the interest rate per compounding period
Determine the unknown lump sum amount : Using an interest rate of 4.50%, determine the unknown lump sum amount that would make the present value of both prizes equivalent
Compute the npv of the project : The machine will generate operating profits before depreciation (EBITDA) of $312 per year for 5 years. Compute the NPV of the project
Determine the dollar value of the ending inventory : Assuming a beginning inventory of 4,800 units, production of 15,800 units occurred during this quarter, Determine the dollar value of the ending inventory
Create a business profile and record day-to-day transactions : Create a business profile and record day-to-day transactions (including GST) by using MYOB Essentials
What the total amounts distributed to preferred stockholders : The total cash dividend declared this year is $420,000, the total amounts distributed to preferred and common stockholders are, respectively
Calculate the principal payment for year : To finance the expansion, they would take out a $3.95 million loan with an interest rate of 4.15%, Calculate the principal payment for year 14
What is the cost of goods sold for the? year : Oaktree, Inc. is a merchandiser of inlaid wooden boxes. The company sold 6,500 units during the year. What is the cost of goods sold for the? year

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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