Find the value of the ending finished goods inventory

Assignment Help Managerial Accounting
Reference no: EM132942205

Question - Dish Corporation produces a single product. Selected information concerning the operations of the company follow:

Units produced 10,000 Units sold 9,000 Direct materials $40,000 Direct labor $20,000

Units in beginning inventory 0

Variable manufacturing overhead $12,000

Fixed manufacturing overhead $25,000

Variable selling and administrative expenses $4,500

Fixed selling and administrative expenses $30,000

Assume that direct labor is a variable cost.

Under variable costing, find the value of the ending finished goods inventory?

a. $9,700

b. $7,650

c. $8,000

d. $7,200

Reference no: EM132942205

Questions Cloud

How much would be the amount of property dividends : Bravo, Inc has 100,000 shares issued and outstanding. How much would be the amount of property dividends that would be distributed by alpha on Aug. 5
Analyse the environment in which the business operates : Analyse the environment in which the business operates, identify possible threats and evaluate their impact on the business
What is the tax shield from debt per year for Goofy Co : Goofy Co. has $9,000,000 in debt with interest rate of 7% and $10,000,000 in debt with a 5% interest rate. What is tax shield from debt per year for Goofy Co
Examine and reflect upon these concepts : Examine and reflect upon these concepts specifically: The Agile Mindset, a shift from ‘command and control culture' to self-organised teams
Find the value of the ending finished goods inventory : Units produced 10,000 Units sold 9,000 Direct materials $40,000 Direct labor $20,000. Find the value of the ending finished goods inventory
What is the definition of leadership : What is the definition of leadership? Offer a peer-reviewed definition of leadership and include a brief analysis of the key components of the definition.
How has it created business value using it : Select an organization or business (other than Netflix) with which you are familiar. How has it created business value using IT? Give at least two examples.
What are the ethical issues haliburton : What are the ethical issues Haliburton has been accused of in the past?
Use of different formal and informal approaches : A concept which primarily focuses on quantitative, objective and factual information to inform decision-making.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Deductible casualty loss if his agi

A)Calculate Tim's deductible casualty loss if his AGI is $45,500

  Which descriptions best illustrates cost behaviour analysis

Which descriptions best illustrates cost behaviour analysis? how costs change as new products are introduced/ how costs change as output changes

  Determine a cost driver for each cost pool

HA2011 - Management Accounting - Holmes Institute - Determine a cost driver for each cost pool and explain your choice - Calculate the allocation rates

  What is the cost per equivalent unit for direct material

The costs are $1500 for conversion and $5000 for direct material. What is the cost per equivalent unit for direct material

  Find what was paper division net operating income last year

Information relates to last year's operations at the Paper Division of Germane Corporation.What was the Paper Division's net operating income last year?

  What is the effect of the sale on the total amount

A vacant lot acquired for $100,000 is sold for $350,000 in cash. What is the effect of the sale on the total amount of the seller's assets

  Determine two production department factory overhead rates

Performance Gloves, Inc. produces three sizes of sports gloves: small, medium, and large. Determine two production department factory overhead rates

  Find operating income expected if company produces units

$48,000; variable costs, $24,000; and fixed costs, $17,000. The operating income expected if the company produces and sells 17,000 units is

  Demonstrate what is the net income

Fixed the companies selling and administrative expenses are $280000 variable and $340000 fixed. if the company's sale sales is $1540000, what is its net income

  Which is least apt to affect the value of a warrant

Which is least apt to affect the value of a warrant?Variance of underlying stock returns./ Market rate of return./ Underlying stock price

  Which of coming up next is not the plant layout principle

Which of coming up next isn't the Plant Layout Principle? Which Number of item assortments that can be fabricated in Mass creation is

  Explain what is meant by social responsibility

Explain what is meant by sustainability and social responsibility reporting and why a publicly listed leasing company like IDLC may adopt this approach.

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