Determine the product unit cost for one pillow

Assignment Help Financial Accounting
Reference no: EM13746101

Pretty Pillows, Mfg., manufactures silk throw pillows. Last month the company produced 3,890 pillows. Using job order costing, determine the product unit cost for one pillow based on the following costs: production facility utilities, $1,600; depreciation on production equipment, $650; indirect materials, $400; direct materials, $5,300; indirect labor, $1,000; direct labor, $3,500; sales commissions, $4,000; president's salary, $8,000; insurance on production facility, $1,000; advertising expense, $900; rent on production facility, $6,000; rent on sales office, $4,000; and legal expense, $600. Round your answer to two decimal places.

Reference no: EM13746101

Questions Cloud

Requisitions raw materials for production : In January, Knox Company requisitions raw materials for production as follows: Job 1 $944, Job 2 $1,500, Job 3 $751, and general factory use $626. Prepare a summary journal entry to record raw materials used
Describe some of the side effects of organizational controls : Describe some of the side effects of organizational controls in a large mechanistically structured organization, such as the United States Postal Service. Identify at least one other large mechanistically structured organization that could have the s..
What is the rda for iron for your age and gender : What is the RDA for iron for your age and gender and Is your intake above or below the RDA
Margin of safety ratio at the current sales : Dumar Corporation recorded sales of $2,235,245. The company's breakeven sales point in dollars is $1,650,000 and its margin of safety ratio at the current sales level is 27%. What total sales are needed to increase the company's margin of safety rati..
Determine the product unit cost for one pillow : Pretty Pillows, Mfg., manufactures silk throw pillows. Last month the company produced 3,890 pillows. Using job order costing, determine the product unit cost for one pillow based on the following costs: production facility utilities, $1,600; depreci..
The background reading and then focus on the article : You are to read all the background reading and then focus on the article below. The abstract from that article states: "The US Army Medical Command (MEDCOM) annually manages 250 projects, with a scope of $300M, at 26 different sites. Due to current e..
Cash flow from operations-debtors turnover-net profit : The results of these ratios have been collected from an electronic retail company based in Australia. Explain do these results show regarding the changes, progression, losses or impact made within the company.
What are the health risks of excess sodium in the diet : What are the health risks of excess sodium in the diet and What is the AI for sodium for your age and gender
Three articles and then develop an integrative essay : You are to carefully read the following three articles and then develop an integrative essay which focuses on "keys to success" for effective project planning. This should be a 3- to 5-page essay. Note that each of the articles below focuses on diffe..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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