Determine what is the cost per unit

Assignment Help Financial Accounting
Reference no: EM132489874

Rusty Inc. manufactures watches. The following information was obtained from the company's production and cost records last year:

Units produced:                                           10,000
Freight-in to factory:                                   $22,600
Raw materials used:                                   $105,000
Conversion cost:                                       $124,000
Storage cost for finished goods:                     $8,000
Abnormal wastage:                                        $750
Freight-out to customers:                           $32,600

Question 1: What is the cost per unit?

Option 1: $25.96

Option 2: $28.50

Option 3: $25.16

Reference no: EM132489874

Questions Cloud

What is the tax base related to transaction at the end : What is the tax base related to this transaction at the end of the current year? At year-end, $230,000 was received from a customer for goods
Write program that will analyse and visualise mined feelings : write a program that will analyse and visualise mined feelings from the We Feel Fine data sets based on a default search and then user-driven searches
Compute berclairs earnings per share for the year ended : Compute Berclair's earnings per share for the year ended December 31, 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Determine what the accounts receivable balance is : Marigold had credit sales of $35100 and collected accounts receivable of $28080. At December 31, 2022, What the Accounts Receivable balance is
Determine what is the cost per unit : What is the cost per unit? Rusty Inc. manufactures watches. The following information was obtained from the company's production
Calculate the term debt and capital lease coverage : Calculate two liquidity ratios and one solvency ratio for Fanny Farms for 2009 and 2010. Has liquidity increased or decreased from 2009 to 2004?
Determine what can done to complete recording of transaction : An accountant has debited an asset account for $880 and credited a liability account for $440. What can be done to complete the recording of the transaction?
INFS 4019 Relational Databases and Data Warehouses : INFS 4019 Relational Databases and Data Warehouses Assignment help and solution, University of South Australia - assessment writing service
Calculating new balances after each transaction : Account for each transaction, calculating new balances after each transaction for the proprietorship of Matthew Bond, Attorney.

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