User Account

All Pages

Find what ending inventory under variable costing

Assignment Help Managerial Accounting
Reference no: EM132610498

Selena Industries manufactures a single product. Variable production costs are P20 and fixed production costs are P150,000. Selena uses a normal activity of 10,000 units to set its standard costs. Selena began the year with no inventory, produced 11,000 units, and sold 10,500 units.

Question 1: Ending inventory under variable costing and absorption costing would be?

Question 2: The volume variance under variable costing and absorption costing would be ?

Question 3: By how much would the income between the two methods would differ?

Reference no: EM132610498

Questions Cloud

Describe the strength of sulfuric acid : In fact the equilibrium constant for the dissociation of H2SO4 from HSO4 and H is 2.4 x 10^6 and the equilibrium constant for the dissociation of HSO4
Summarize the differences between the two HIEs : Identify two HIE's in your state or a contiguous state and complete the following table. Summarize two similarities and two differences between the two HIE's.
Equilibrium constant for the dissociation of ethanol : Deduce how the equilibrium constant for the dissociation of ethanol will differ to the dissociation of water at the same temperature.
Equation for the dissociation of ethanoic acid in water : The equilibrium constant for the dissociation of ethanoic acid in water is 1.8 x 10^-5. The equilibrium constant for the dissociation for chloroethanoic acid, i
Find what ending inventory under variable costing : What ending inventory under variable costing and absorption costing would be? The volume variance under variable costing and absorption costing would be ?
Equation for the dissociation of ammonia in water : The equilibrium constant for the dissociation of ammonia, NH3, in water is 1.8 x 10^-5
Review section on knowledge creation-culture-strategy : Review the section on knowledge creation, culture, and strategy. Explain how balance scorecards impact knowledge creation, culture, and strategy
What is total cost that assigned to eudora finished goods : What is the total cost that would be assigned to Eudora's finished goods inventory at the end of the first year of operations under the variable costing method?
Describe function and purpose of the administrative system : Describe the function and purpose of the administrative system selected. Review the HIMSS Security risk assessment guide/data collection matrix.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the net total dollar disadvantage of purchasing

List three qualitative characteristics that the owner of Outdoor Flames should consider in looking at the long-term effect of purchasing.

  Determine the balance of work in progress

The cost of materials transferred into the Bottling Department of Mountain, Determine the balance of Work in Progress - Bottling at the end of the period?

  How budgeting process as employed by springfield corporation

How the budgeting process as employed by Springfield Corporation contributes to thefailure to achieve the president's sales and profit targets

  What would be the financial advantage of dropping product

Further investigation has revealed that $198,500 of the fixed manufacturing expenses. What would be the financial advantage of dropping product

  Prepare a schedule of expected cash collections for april

1. Prepare a schedule of expected cash collections for April, May, and June, and for the three months in total.2. Prepare a cash budget, by month and in total, for the three-month period.3. If the company needs a minimum cash balance of $20,000 to st..

  What is budgeted sales for 2016

Kramer is developing the 2016 budget. In 2016 the company would like to increase selling prices by 12.5%, and as a result expects a decrease in sales volume of 9%. What is budgeted sales for 2016

  Examine the elements of the cost-volume-profit

Examine the elements of the cost-volume-profit (CVP) income statement and provide your opinion on the benefits of its use for decision making

  Calculate the schedule variance for each task

Calculate the schedule variance for each task and the total project and calculate the cost variance for each task and the total project.

  What are its cash flows from financing activities

1.Refer to Arctic Cat's statement of cash flows in Appendix A. What are its cash flows from financing activities for the year ended March 31, 2011? List the items and amounts.

  Which is the preferred salary package in present value terms

Which is the preferred salary package in present value terms? The graduate plans to take the job for five years before seeking another position

  Which underscores the importance of budgeting even

Machines usually? represent(s) the capacity? constraint, which underscores the importance of budgeting even in nonmanufacturing organizations.

  Explain the current management accounting systems

Compare and contrast three planning tools used in management accounting, indicating how effective you judge each to be 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