User Account

All Pages

Determine the net operating income under variable costing

Assignment Help Accounting Basics
Reference no: EM132882354

Question - Plummer Corporation has provided the following data for its two most recent years of operation:

Selling price per unit $44

Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $9

Direct labor $6

Variable manufacturing overhead $4

Fixed manufacturing overhead per year $63,000

Selling and administrative expenses: Variable selling and administrative expense per unit sold $5

Fixed selling and administrative expense per year $66,000

 

Year 1

Year 2

Units in beginning inventory

0

2,000

Units produced during the year

9,000

7,000

Units sold during the year

7,000

8,000

Units in ending inventory

2,000

1,000

Required - Determine the net operating income (loss) under variable costing in Year 2?

Reference no: EM132882354

Questions Cloud

Analysis and evaluation of the impact of hrm practices : You are required to select any organisation of your choice, you should present an analysis and evaluation of the impact of HRM practices of the selected organis
Calculate her TDS ratio using a monthly mortgage payment : Macy is going to the Royal Bank of Canada (RBC) to discuss her potential mortgage with them. Calculate her TDS ratio using a monthly mortgage payment
Calculate the weighted average number of common shares : Calculate the weighted average number of common shares outstanding to be used in calculating earnings per share for 2020
Communicate effectively with employees : If supervisors communicate effectively with employees, deal with their concerns, and treat them fairly, employees are far less likely to be interested in formin
Determine the net operating income under variable costing : Selling and administrative expenses: Variable selling and administrative expense per unit sold $5. Determine the net operating income under variable costing
Calculate the total asset turnover : A company has net sales of $340,000 Assets at the beginning of the year were 281,000, and $275,000 at the end of the year. Calculate the total asset turnover
Compute the amount of gross profit to be recognized : Compute the amount of gross profit to be recognized each year assuming the percentage -of completion method is used
What annual contribution should she make : What annual contribution should she make to superannuateon fund, starting at the end of the current year, if she expects to draw a pension of $120,000 per year
What are the unit costs for flying saucer and rocket ship : The flying saucer and rocket ship use $7.50 and $5.50 of direct materials, per unit, respectively. What are the unit costs for flying saucer and rocket ship

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