How many bikes were in the inventory at the end of the

Reference no: EM13592509

Abigail Corporation produces a custom mountain bike that sells for $800. During its first year of operations, Abigail produced 1,000 bikes and sold 900 bikes.

The costs of production for each bike are:

Direct materials $100
Direct labor $50
Variable Overhead $30

Additionally, the annual fixed overhead is $200,000.
Determine the following:
1. How many bikes were in the inventory at the end of the year?
2. What is the product cost of one bike using the variable costing method?
3. What is the product cost of one bike using the full costing method?
4. Under variable costing, are fixed overhead costs a product cost or a period cost?

Reference no: EM13592509

Questions Cloud

It is observed that the angle formed between the top and : a water tower 30 m tall is located at the top of a hill. from a distance of d 125 m down the hill it is observed that

Last year the sales at jersey company were 260000 and were : last year the sales at jersey company were 260000 and were all cash sales. the expenses at jersey were 111000 and were

Which costs are relevant and which are not relevant in the : costs associated with two alternatives code-named q and r being considered by albiston corporation are listed below

The butchering department of the santa fe meat packing : the butchering department of the santa fe meat packing corporation had 1500 units 13 completed at the beginning of the

How many bikes were in the inventory at the end of the : abigail corporation produces a custom mountain bike that sells for 800. during its first year of operations abigail

Usaco is the wholly-owned us subsidiary of asiaco a : usaco is the wholly-owned u.s. subsidiary of asiaco a japanese parent corporation that manufactures automobiles and

Imagine covering an unlimited plane surface with a single : imagine covering an unlimited plane surface with a single layer of pennies arranged so that each penny touches six

Does a state have the authority to require a us-based : does a state have the authority to require a u.s.-based multinational corporation to compute its state taxable income

Explain the mechanism that states use to prevent the double : explain the mechanism that states use to prevent the double taxation of the income of a corporation doing business in

User Account

All Pages