User Account

All Pages

Determine the income under absorption costing

Assignment Help Accounting Basics
Reference no: EM133122084

Question - Razor Technologies reported $127,000 of income for the year by using variable costing. The company had no beginning inventory, planned and actual production of 50,000 units, and sales of 47,000 units. Standard variable manufacturing costs were $16 per unit, and total budgeted fixed manufacturing overhead was $65,000. If there were no variances, determine the income under absorption costing?

Reference no: EM133122084

Questions Cloud

Does this business have profit potential : Based on your assessment, does the business idea need to be modified, changed significantly, or abandoned?
What percentage of the profits will John Akers receive : Jim Aybar and Mike Manning agree to combine their sole proprietorships into a partnership. What percentage of the profits will John Akers receive
Compute the gross profit percentage for all four quarters : Compute the gross profit percentage for all four quarters both (a) before the correction and (b) after the correction
Python program to solve a business problem in business case : Implement programs in Python to solve business problems and Design a program and illustrate the logic through flowcharts
Determine the income under absorption costing : Razor Technologies reported $127,000 of income for the year by using variable costing. Determine the income under absorption costing
Journalize the transactions of February and April : On August 22, Lava Lake Inc. sold 1,700 shares at $56 per share. Journalize the transactions of February 11, April 30, and August 22
What would be an approximate market price per share : If the common stock had a market price of $228 per share before the stock split, what would be an approximate market price per share after the split
PU5532 Health Informatics Assignment : PU5532 Health Informatics Assignment Help and Solution, University of West London - Assessment Writing Service
What is the cost of goods available for sale : The company has an effective tax rate of 18%. Bramble uses the periodic inventory method. What is the cost of goods available for sale

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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