Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question :
Leekee Shipyards has a new barnacle-removing product for ocean-going vessels. The company invests $1,000,000 in operating assets and plans to produce and sell 300,000 units per year. Leekee needs to make a return on investment of 20 percent each year. Leekee needs to know what price to charge for this product.
Use the absorption costing approach to evaluate the markup required to make the desired return on investment based on the subsequent information.
Per Unit Total
Direct Materials $2.00
Direct Labor $1.50
Variable Manufacturing Overhead $1.00
Fixed Manufacturing Overhead $100,000
Variable Selling and Administrative Expense $0.10
Fixed Selling and Administrative Expense $100,000
Evaluate net income and ratios
Compute journal entries to record the above transactions for a retail store.
Evaluate the amount of cash expected to be collected in July
Compute the amount of the annual instalment
Determine the minimum price per unit the company should accept
Determine the amounts that Marshall Company would report in its post acquisition balance sheet. In preparing the post acquisition balance sheet, any needed adjustments to income accounts from the acquisition could be closed to Marshall's retained ..
Determine the current costs to complete the starting inventory
Determine what amount should Funzy report as a promotional expense on its December 31, 2011, income statement?
Post the journal entries to general ledger accounts. and Prepare a trial balance at November 30.
Show a qualified opinion on the financial statements because of the client imposed scope limitation.
Evaluate managements discussion and analysis
Prepare the Balance sheet and average cost
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd