User Account

All Pages

Find cost of goods sold under absorption costing is

Assignment Help Managerial Accounting
Reference no: EM132571451

Question 1: Obama Company sells its product for $26 per unit. During 2020, it produced 28000 units and sold 16000 units (there was no beginning inventory). Costs per unit are: direct materials $8, direct labour $7, and variable overhead $6. Fixed costs are: $448000 manufacturing overhead, and $56000 selling and administrative expenses. Cost of goods sold under absorption costing is

Reference no: EM132571451

Questions Cloud

Contribute to the capacity of an emergency room : Describe some factors that contribute to the capacity of an emergency room, as measured by the number of patients served per day.
What legal protection exists for the pregnant mother : What Legal Protection Exists for the Pregnant Mother and Her Fetus and What are the Effects of Childhood Poverty in Canada
Alcohol socialization is the process : According to Rolando et al. (2012), "alcohol socialization is the process by which a person approaches and familiarizes with alcohol learns about
Calculate the net monetary benefit or cost to bbl : Calculate whether there is a monetary benefit or cost to Bats in transferring rubber to Gloves. Calculate the net monetary benefit or cost to BBL
Find cost of goods sold under absorption costing is : Fixed costs are: $448000 manufacturing overhead, and $56000 selling and administrative expenses. Cost of goods sold under absorption costing is
Jazz is experiencing resurgence as of late : Jazz is experiencing a resurgence as of late. The BBC ran a report recently that adults in their early 30's, in Britain,
Determine how much will profits increase or decrease : Determine how much will profits increase or decrease from what they would be if the 5,000 Lops were sold through regular channels?
Social media campaign proposal paper : Post an outline of your social media campaign proposal paper. What Evidenced based program will you model your program after from the literature
What different types of cultural diversity : What different types of cultural diversity are present in your organization? Does it help or detract from your corporate culture?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How the unitarist and pluralist approaches to conflict

Describe how the Unitarist and Pluralist approaches to conflict would explain the positions of (a) management and (b) unions in the Schweppes dispute. Identify which one of the approaches provides the better explanation. Explain how you reached th..

  Evaluate annual rate of return

Total yards used for production were 3,960. How much is the total materials variance and evaluate annual rate of return expected on this machine

  How many kilos of materials will company need to purchase

279800 units during the 2019-2020 fiscal year, how many kilos of materials will the company need to purchase for its production during the year?

  Compute the break-even sales under the proposed program

Compute the break-even sales (units) under the proposed program for the following year. Enter the final answers rounded to the nearest whole number.

  Describe five risks which company such as extract ltd

You are a newly employed internal audit manager, Describe briefly five risks which a company such as Extract Ltd might face relating to its workforce?

  Net financial cost

Taking these two incentives into account, calculate the net financial cost(interests and fees net of tax deductions and GST claim) for the purchase of the vehicle under pre-computed finance arrangements at the time of borrowing. Assume that the custo..

  Find what must the expected return on the stock be

The expected return on the market is 14.72 percent, and the risk-free rate is 4.65 percent. What must the expected return on this stock be?

  What would be the amount related to the bonds

What would be the amount(s) related to the bonds that Agee would report in its statement of cash flows for the year ended December 31, 2011, if it uses the direct method?

  What is jim-n-john cost per equivalent unit

What is Jim-N-John's cost per equivalent unit with respect to conversion costs for January? Jim-N-John uses a weighted-average process costing system.

  When interpreting a cvp graph which is not correct

When interpreting a CVP graph which is NOT correct? The breakeven point is where the total revenue line meets the fixed cost line.

  Determine the present value received in one year

Determine the present value of $70,000 to be received in one year, at 6% compounded annually. Present Value of $1 at Compound Interest

  How to compute each of the cash inflows and cash outflows

How to compute each of the cash inflows and cash outflows from operating activities under the direct method. Why is depreciation expense not generally reported on the statement of cash flows when using the direct method?

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