Electro company manufactures an innovative automobile

Assignment Help Cost Accounting
Reference no: EM13906944

Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending inventory for the first quarter will be 75,000 units. The following unit sales of the trans missions are expected during the rest of the year: second quarter, 450,000 units; third quarter, 525,000 units; and fourth quarter, 475,000 units. Company policy calls for the ending inventory of a quarter to equal 20% of the next quarter's budgeted sales. Prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture.

Reference no: EM13906944

Questions Cloud

Replace the algorithm used in the current solution : Replace the algorithm used in the current solution by one that runs twice as fast and run it on the current technology, or
What is the total conversion cost : In the manufacture of 10,000 units of a product, direct materials cost incurred were $145,800, direct labor cost incurred was $82,000, and applied factory overhead was $45,500. What is the total conversion cost?
Income statement effects for the accumulated depreciation : Sin City Entertainment owns a number of casinos in Las Vegas and has decided to expand to Atlantic City. Prepare the entries to report the following activity, and show how this activity changes Sin City’s 2015 year-end financial statements. List the ..
Why an externality might exist in the situation : Why an externality might exist in the situation that you described and thoroughly determined the solutions to mitigate these particular externalities.
Electro company manufactures an innovative automobile : Electro Company manufactures an innovative automobile transmission for electric cars.
Develop a data representation for the current position : Develop a data representation for the current position of the ball. The position is best described with a pair of positive integers. Develop a data representation for velocity of the ball. You may assume that the ball always moves exactly 10 pixe..
How is it beneficial for training employees : Take a look at this this video of the ADDIE Analysis: The ADDIE Analysis ( https://www.youtube.com/watch?v=JZdv5lrJs4U&feature=youtu.be) Why do we need to use it? And how is it beneficial for training employees
What if the government raised the minimum wage : Suppose you are the manager of the firm. What advice would you give the owners to raise the productivity of its labor? Be specific in your proposal.
Define an auxiliary procedure : How to use do to define (minimum lst) which returns the minimum of a list of numbers. You may want to define an auxiliary procedure (smaller x y), using if, which returns the smaller of the two numbers.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Evaluate the breakeven point in pillows

Evaluate the breakeven point in pillows and evaluate breakeven level in pillows, assuming the selling price goes up by 10 percent, fixed manufacturing costs decline by 10 percent, and other fixed costs decline by $100?

  What is the balance in accounts receivable on march 31

Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on Marc..

  What is the cost of the inventory

What is the cost of the inventory at January 31, 2015 under the FIFO metho?

  Calculate the net present value of the project

Calculate the net present value (NPV) and the payback period of the project: investment outlay, year 0, $5,000; after-tax cash inflows, year 1, $800; year 2.

  Compute the amount of the annual instalment

Compute the amount of the annual instalment

  Prepare journal entry to record the acquisition of the land

Prepare journal entry to record the acquisition of the land - Fielder company obtained land by issuing 2,000 shares of its $10 par value ordinary shares.

  Journalize the entry to record the warranty

Audio-Wave Company warrants its products for one year. The estimated product warranty is 2% of sales. Assume that sales were $85,000 for January. In February, a customer received warranty repairs requiring $210 of parts and $135 of labor.

  Evaluate direct material cost per product

Prepare an Excel format to show how you are evaluating things. Provide detailed information of profitability by product and for year. Then make precise recommendations with financial projections.

  Calculate the current ratio and quick ratio for ferentz

Complete the statement of partnership equity for Evans and Tessio, Accountants. Enter partner withdrawals as negative numbers - Journalize the entry to record the estimated product warranty expense for August.

  Prepare estimated income statement in absorption costing

Prepare an estimated income statement in absorption costing form for May for solvent, assuming that production continues during the month.

  Evaluate the various approaches for setting transfer prices

Describe and evaluate the various approaches for setting transfer prices. How can the use of different approaches between the selling and buying divisions be reconciled?

  What is capitals after-tax wacc

what is Capital's after-tax WACC and what balance could appear in the investment in Holister account as of December 31, 2009?

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