Explain reason for the difference in the amount of income

Assignment Help Cost Accounting

Reference no: EM13216023

During the first month of operations ended may 31,2012 dorm fridge company manufactured 12,500 flat panel televisions, of which 11,700 were sold. operationg data for the month are summarized
sales 2,106,000
manufacturing cost
direct material 1,050,000
Direct labor 312,500
variable manufacturing cost 268,750
fixed manufacturing cost 137,500
total 1,768,750
selling and administrative exp
variable 169,650
fixed 76,050
total 245,700

1.prepare an income statement base on the absorption costing concept
2.Prepare an income statement base on the variable costing system
3.Explain the reason for the difference in the amount of income from operations reported in 1 and 2

Reference no: EM13216023

Questions Cloud

Determine the optimal level of a new fertilizer : The soybean plants are randomly assigned to the different treatments - determine the optimal level of a new fertilizer on his soybean

Explain sustain a diversified and productive environment : How can you, as a manager, create and sustain a diversified and productive environment? How might you handle diversity-related conflicts in your work environment?

What recommendation would make to walters company : Grade A wire requires $450,000 of monthly variable costs to process into staples, which can be sold in the market on 5/1/XX for $7.00 per pound. Grade B wire requires $600,000 of monthly variable costs to process into paperclips, which can be sold..

Identify the explanatory and response variables : Determine whether each of the is an experiment or an observational study. Also identify the explanatory and response variables.

Explain reason for the difference in the amount of income : 1.prepare an income statement base on the absorption costing concept 2.Prepare an income statement base on the variable costing system 3.Explain the reason for the difference in the amount of income from operations reported in 1 and 2

Explain decided to forgo college and start a nail salon : Your parents have accumulated a $140,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents ..

Determine the correlation coefficient : What is the dependent variable? is the dependent variable and determine the correlation coefficient. Coefficient of correlation

Evaluate the probability that the sample mean : what is the probability that the sample mean is 25 grams or more?When answering this question on an assignment, you said n=10. Im confused as to why you said this/where this came

Population standard deviation of annual usage : If the population standard deviation of annual usage is 3,500 kwh, what is the probability that the sample mean will be each of the following?

User Account

All Pages