User Account

All Pages

Find the unit product cost for one gamelan

Assignment Help Managerial Accounting
Reference no: EM132536324

Variable and Absorption Costing Unit Product Costs

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company's operations last year follow:

Units in beginning inventory 0

Units produced 250

Units sold 225

Units in ending inventory 25

Variable costs per unit:

Direct materials $100

Direct labor $320

Variable manufacturing overhead $40

Variable selling and administrative $20

Fixed costs:

Fixed manufacturing overhead $60,000

Fixed selling and administrative $20,000

Required:

Question 1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.

Question 2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Reference no: EM132536324

Questions Cloud

Explain the internal control weakness in Two Symbols : Explain the internal control weakness in Two Symbols' cash disbursements system and discuss the risk associated with the weakness
Prepare the journal entry to allocate net income : Zheng invested $172,000 and Murray invested $272,000 in a partnership. Assuming net income for the current year is $141,000, prepare the journal entry
Calculate the cost of the inventory stolen : Calculate the cost of the Inventory stolen. Show your answer in the form of a pro forma Trading account and show all calculations
Organizational weakness and threat to organization : How can one distinguish between an organizational weakness and a threat to the organization?
Find the unit product cost for one gamelan : Find the unit product cost for one gamelan. Assume that the company uses variable costing. Compute the unit product cost for one gamelan
Compute the amount of the cash dividend to be paid : Assume that on December 31, 2016, Stark Company has outstanding 10,000 shares of $25 par, Compute the amount of the cash dividend to be paid
Megatech competitive advantage : What is it about project management that offers MegaTech a competitive advantage in its industry?
The demand and supply integration process : describes how the demand and supply integration (DSI) process can improve the demand signals.
Find which of the items is relevant to buff decision : Buff Corp. is considering replacing an old machine with a new machine. Which of the following items is NOT relevant to Buff's decision?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Calculate the total cost per unit for each month

Calculate the total cost per unit for each month using the overhead allocated, Allocate overhead costs to each month using the overhead rate computed

  Should management investigate the process why or why not

X-Game Company's production manager is considering whether to investigate a computer-integrated manufacturing process. Should management investigate the process? Why or why not?

  Numerous theories on child development

Which theorist do you believe has the most widely applicable theory? Describe the theory, identify the theorist, and explain why it is the most widely

  Direct labor ($7,000 monthly) and manufacturing overhead

Lipman Auto Parts, a family-owned auto parts store, began January with $10,300 cash. Management forecasts that collections from credit customers will be $11,400 in January and $14,800 in February. The store is scheduled to receive $5,000 cash on a bu..

  Determine the possible total profits that can be earned

Determine the possible total profits that can be earned in any given week by selling television sets, and calculate the probability of each of these profits being earned

  Prepare a contribution margin income statement showing sales

Xcite Equipment Co. manufactures and markets a number of rope products.

  Construct a contribution format income statement

Construct a contribution format income statement for the month based on the actual sales data. Compute the break-even point in dollar sales

  What is contribution format vs traditional format

What do you Understand the differences between Contribution Format and Traditional Format Income Statementsand explain in details.

  Financial controller of a corporation

HOHO (Help Our Homeless Offspring) is a charity that works at reuniting homeless children with their families. It also operates numerous halfway homes for their care, counselling and shelter.

  Compute the return on investment and show profit margin

Use the DuPont formula to compute the return on investment and show the profit margin, the investment turnover, and the return on investment.

  How well disney has managed labour costs

Diane Disney, Explain to the COO, who has been on job, what your analysis shows about how well Disney has managed her labour costs.

  Explain the role of incremental analysisin management

Explain the role of incremental analysis (analysis of incremental costs and revenues) in management decisions. Agree or DisAgree? And Why?

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