Determine the value of the ending finished goods inventory

Assignment Help Managerial Accounting
Reference no: EM133172542

Question - Company H reports the following data at the end of its first fiscal year:

Raw materials used: $50,000

Direct labour: $90,000

Variable manufacturing overhead: $10,000

Fixed manufacturing overhead: $15,000

Variable operating expenses: $8,000

Final finished goods inventory: 1,000 units

Sales ($20/unit): $80,000

Under the variable cost method, determine the value of the ending finished goods inventory?

a) 15,000

b) No answer is appropriate

c) 30,000

d) 132,000

e) 33,000

Reference no: EM133172542

Questions Cloud

Explain the tourism and hospitality business : 1. Find the sentence using the re-shuffled words, then give your insight about it.
Calculate minimum stock the buyer needs to carry : Every Monday, a discount store's men's underwear buyer checks his assortment to place reorders for his basic items. Calculate minimum stock buyer needs to carry
Establish the operating plans for the restaurant : APC International has now established a head office in Brisbane Australia, and is going to open up arestaurant to test the Australian market for the next 12 mon
Computing basic earnings per share for the year : What number of shares should be used in computing basic earnings per share for the year ended December 31, 2023
Determine the value of the ending finished goods inventory : Company H reports the following data at the end of its first fiscal year: Raw materials used: $50,000. Determine value of the ending finished goods inventory
What is mary total investment in america bank : For four years, Mary Thomas invested $4,800 each year in America Bank stock. What is Mary total investment in America Bank
Find the order or the reaction : Find the order or the reaction and the reaction rate constant by trial-and-error method. (Note: here 'A' is a reactant. You must show all the graphs for zero
What should be the selling price per unit : Average taxes payable balance: $100,000 Annual total fixed cost: $7,000,000 Unit variable cost: $60. What should be the selling price per unit
Monitored alarm system : You are a property underwriter that has been asked to insure the property located at 1060 Dundas Street in London Ontario owned by Fanshawe Properties Inc.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the contribution margin at the break-even point

A recent month's activity in the form of a cost-volume-profit income statement is shown below. Determine the contribution margin at the break-even point

  Compute the number of units that fedora started

Find or Compute the number of equivalent units with respect to conversion cost. Determine the conversion cost per equivalent unit.

  What is the greatest trade proportion

What is the greatest trade proportion which the President should offer so he could keep EPS at the current level, given that the current market cost

  Find what percent will Kari operating income change

Find what percent will Kari's operating income change? Suppose Kari sells 2,600 posters. Use the following financial data ($38 sales price)

  What would be the balances at the end of 2014

What would be the balances, at the end of 2014, 2015, and 2016, in the center's (1) permanently restricted endowment fund and (2) related temporarily restricted fund? Also indicate any impact on unrestricted funds.

  Prepare the company process cost summary for october

Prepare the company's process cost summary for October using the weighted-average method. (Round "Cost per EUP" to 2 decimal places.)

  How many units of each product must be sold

How many units of each product must be sold to earn a target net profit after tax of $770,000? Assume a constant sales mix

  What the low-margin should be produced

The idle plant facilities can be used to manufacture a low-margin item. The low-margin should be produced if it can be sold for more than its

  Marketing management a customer-oriented approach

Marketing Management A customer-oriented approach

  How should the customer-profitability information be used

How should the customer-profitability information be used? What should we do about the unprofitable customers? does the "supermarket" strategy make sense?

  What is the rate of markdown at the sale price

What is the rate of markdown at the sale price? A furniture supplier lists a dining room set for $1,800 and offers trade discounts of 25%

  Find what was variable overhead spending variance for month

What was the variable overhead spending variance for the month? Standard hours per unit of output 1.6 hours,Standard variable overhead rate $11.55 per hour.

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