Determine the ending inventory for eastwood using the

Assignment Help Accounting Basics
Reference no: EM13451919

Eastwood Company has the following information for previous year.

Selling price $150 per unit
Variable production costs $40 per unit produced
Variable selling and admin. expenses $16 per unit sold
Fixed production costs $200,000
Fixed selling and admin. expenses $140,000
Units produced 10,000 units
Units sold 8,000 units

There were no beginning inventories.

a. What is the ending inventory for Eastwood using the absorption costing method?

b. What is the cost of ending inventory for Eastwood using the variable costing method?

Reference no: EM13451919

Questions Cloud

You are the client manager of sensible essentials using the : with the assistance of sensible essentials the operations management team now understands the cost implications
How does the political-economic system affect the problems : how does the political-economic system affect the problems related to the american economy and work? discuss the
Calculate the companys predetermined overhead rate for the : willow creek corporation bases its predetermined overhead rate on the estimated labor hours for the upcoming year. at
From perspective of the social planner with utilitarian : andy and beth are neighbors in a small duplex. in the evenings after work andy enjoys practicing the tuba while beth
Determine the ending inventory for eastwood using the : eastwood company has the following information for previous year. selling price
Compute the annual straight-line depreciation and provide : golden sales has bought 135000 in fixed assets on january 1st associated with sales equipment. the residual value of
You are a preschool teacher describe a situation in which : you are a preschool teacher. describe a situation in which you would use an extrinsic reward to motivate a
Tania collins has a 2-stock portfolio with a total value of : tania collins has a 2-stock portfolio with a total value of 10000. 3000 is invested in stock a with a beta of 0.80 and
Discuss how educators can positively influence a school-age : discuss how educators can positively influence a school-age child to not hold biases or prejudices against others.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Nonmonetary exchanges for garrison construction

During the current year, Garrison Construction trades an old crane that has a book value of $80,000 (original cost $140,000 less accumulated depreciation $60,000) for a new crane from Keillor Manufacturing Co. the new crane cost Keillor $165,000 t..

  Preparing a statement of cash flows

In preparing a statement of cash flows for the year ended December 31, 2011, for Cole Company, cash flows from financing activities would reflect

  Employ the expanded accounting equation to answer each of

use the expanded accounting equation to answer each of the following questions. a the liabilities of roman company are

  Develop an argument supporting use of flexible-budget

develop an argument supporting the use of flexible-budget variance analysis to control the costs of activity areas in

  Prepare a balance sheet

prepare a Balance Sheet, given details attached below,  Acid Test Ratio : 2.5,  Current Ratio : 1.5, Net working capital Rs. 10, 00,000, Fixed Assets ?, Share holders fund Rs. 15, 00,000, Stock\ Inventory ?

  From first e-activity examine the convergence of ifrs and

from the first e-activity analyze the convergence of ifrs and gaap as it relates to revenue recognition. based on your

  What are value-added processes

Michael Porter is another faculty member at the Harvard Business School. His work is the foundation of how businesses develop and manage competition and strategy.

  Component of cost

Which one of the following is NOT the component of cost?

  Journal entry of building purchase-magazine subscription

A company buys a building with an appraised value of $100,000 for $30,000 cash and the assumption of a 25 year, 10% mortgage with a balance of $60,000

  Income statement of a manufacturing firm

Which of the following items would be classified as operating revenue or expense on an income statement of a manufacturing firm?

  Examine the legal liability as an accounting professional

Examine the legal liability an accounting professional has, including how a CPA is protected. Differentiate between fraud and negligence.

  Stockholders equity section of a company

On October 31, the stockholders' equity section of Omar Company consists of common stock $600,000 and retained earnings $900,000. Omar is considering the following two courses of action:

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