Find the estimated cost of goods sold for may

Assignment Help Accounting Basics
Reference no: EM132777244

Question - Gusler Corporation makes one product and has provided the following information:

Budgeted sales, May 9,500 units

Raw materials requirement per unit of output 2 pounds

Raw materials cost $2.00 per pound

Direct labor requirement per unit of output 2.7 direct labor-hours

Direct labor wage rate $20.00 per direct labor-hour

Predetermined overhead rate (all variable) $10.00 per direct labor-hour

Required - Find the estimated cost of goods sold for May?

Reference no: EM132777244

Questions Cloud

Compute the future value : Compute the future value of $2,500 continuously compounded for 5 years at an annual percentage rate of 10 percent
The constitution is not perfect document : The Constitution is not a perfect document, hence the amendments. What sort of amendments would you propose?
Define equal opportunity and discrimination : Describe and define Equal Opportunity and Discrimination. Then, give two examples of situations, laws, or circumstances that are related to this idea.
Leadership and career development : Write an essay explaining the 10 characteristics of effective team members covered in this section.
Find the estimated cost of goods sold for may : Predetermined overhead rate (all variable) $10.00 per direct labor-hour. Find the estimated cost of goods sold for May
Subsequent feminist theories of domestic violence : Identify early theories of domestic violence that preceded the feminist intervention and the subsequent feminist theories of domestic violence.
How much was the income from investment : At the end of the year Mr. Lee sold the stocks for P4500. Explain your answer? How much was the income from investment
Federalism and intergovernmental relations : What do you think the legacy of the Obama administration will be with regards to federalism and intergovernmental relations?
What is the project PI : You are considering a project with an initial cash outlay of $160,000 and expected free cash flows of $40,000. What is the project PI

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the journal entry that meta would record on may one

On May 1, 2016, Meta Computer, Inc., enters into a contract to sell 5,000 units of Comfort. Prepare the journal entry that Meta would record on May 1, 2016.

  What is the current value of the day

You believe that the price of the NCB stock can either go to $168 or $119, what is the current value of the 180-day Put Option on this stock

  What is the after-tax cost of debt

The issue price will be $1,000. The tax rate is 25%. If the flotation cost is 2% of the issue proceeds, then what is the after-tax cost of debt

  Switzer inc has 5 computers which have been part of the

switzer inc has 5 computers which have been part of the inventory for over two years. each computer cost 600 and

  Which of the following transactions is not part of the

which of the following transactions is not part of the operating cyclea. purchase of equipment on creditb. purchase

  How much total dollar contribution to fixed cost

How much total dollar contribution to fixed cost (aka gross margin) did Phil make selling calculators at his original price in a month

  What was the amount of gift cards redeemed by customers

Uneamed Revenue, which represents the company's oblgation to honor gift cards previously Issued to customers, totaled $7,000 at the beginning of the year.

  At what average issue price were merck common shares issued

Analyzing and Computing Issue Price, Treasury Stock Cost - Using December 31, 2014 balances, at what average issue price were the Merck common shares issued

  Prepare a segmented variable costing income statement

Prepare a segmented variable costing (behavioral) income statement for the company in good format. Prepare a second variable costing statement assuming 90%.

  Capital expenditure of a foreign subsidiary

Discuss the circumstances under which the capital expenditure of a foreign subsidiary might have a positive NPV in local currency terms but be unprofitable from the parent firm's perspective.

  What is the expected percent of default

A small loan company finds 12% of its loans are defaulted for an average of 20% of the loan value. What is the expected percent of default for all their loans

  Beaker inc currently reports a profit of 36 million

beaker inc. currently reports a profit of 3.6 million. divisional invested capital totals 9.5 million the imputed

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