User Account

All Pages

Determine what period costs for the period were

Assignment Help Managerial Accounting
Reference no: EM132992737

Use the following information to answer the question:

  • Acquired $30,000 of Capital from owners.
  • Paid $10,000 for all material used in starting and completing 50 products this period.
  • Paid $6,000 for administrative salaries.
  • Paid $8,000 for wages of production workers.
  • Depreciation of office furniture $2,500.
  • Depreciation of manufacturing equipment $3,500.
  • Collected $28,000 in cash for all sales made during the period.

Problem 1: Period Costs for the period were?

a. $ 30,000

b. $38,500

c. $ 8,500

d. $ 21,500

Reference no: EM132992737

Questions Cloud

What is the expected return on the shares of the law firm : If the interest rate on treasury bills is 4% and the expected return on the market portfolio is 14%, what is the expected return on the shares of the law firm
Participate in decision making processes : Develop strategies and systems to ensure that individuals and teams are actively encouraged and supported to participate in decision making processes, assume re
Determine the direct materials for rolling department of oak : Direct materials and conversion are 2,400 tons and 2,325 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.
Which the business event would : Grape Company paid $5,000 cash for wages of production workers. The business event would? increase one asset account and decrease another asset account.
Determine what period costs for the period were : Determine what Period Costs for the period were? Paid $10,000 for all material used in starting and completing 50 products this period.
Present a company strategy to your management board : Present a company strategy to your Management Board and to the Federal Government of Australia - Infrastructure and heavy construction
What are the key elements of reactive mode of ethics : What are the key elements of reactive mode of ethics?
What is market segmentation and market positioning : What is market segmentation and market positioning? Explain with appropriate examples
Improving team performance and outcomes : Identify how legislation, regulation, standards or codes of practices can help in improving team performance and outcomes

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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