How many scoreboards should fair score company produce

Assignment Help Managerial Accounting
Reference no: EM132808743

Fair Score Company manufactures scoreboards for athletic events. It expects to sell 20,000 scoreboards in 2018. The company has enough beginning inventory of direct materials to produce 8,000 units. Beginning work-in-process inventory totals 2,000 units and is 100 percent completeD as to material and 50 percent completeD as to labour and overhead. Beginning finished units total 4,000 with a target ending finished inventory of 3,000 units. The scoreboards sell for $800. There is no ending work-in-process inventory. Direct materials costs for each scoreboard total $200 while direct labour is $80. Manufacturing overhead is $60 per scoreboard.

Problem 1: How many scoreboards should Fair Score Company produce in 2018?

Option 1: 21,000

Option 2: 20,000

Option 3: 23,000

Option 4: 19,000

Option 5: 16,000

Reference no: EM132808743

Questions Cloud

What is the bond interest expense on the income statement : What is the Bond Interest Expense on the Income Statement on December 31, 2020? On January 2, 2020, $182.581 in 10 year, 7% bonds with a market interest rate
What are the independent variable of the study : Article critique part 2: Treatment of Food Selectivity in a Child with Avoidant/Restrictive Food Intake Disorder Through Parent Teleconsultation
Water cooler style discussion : Registration for Next ModThis "water cooler" style discussion board is for you to discuss your course selection process for next MOD with your peers.
What amount of bad debts expense will the company record : What amount of bad debts expense will the company record if it has an unadjusted credit balance of $5,000 in its Allowance for Doubtful Accounts account
How many scoreboards should fair score company produce : Fair Score Company manufactures scoreboards for athletic events. How many scoreboards should Fair Score Company produce in 2018?
What is inventory days for criss cross inc : Criss Cross Inc. has accounts receivable days of 32, and accounts payable days of 48. If its cash conversion cycle is -4 days, what is its inventory days?
Describe specific learning that each company can apply : How would you compare each in terms of your learning experience? Did you find any to be especially interesting or valuable?
How much is the revaluation surplus : How much is the revaluation surplus? The age of a building is 25 years, the effective age is 20 years, and the remaining economic life is 50 years.
Prepare the journal entry to record the admission of kang : Assume the partners have no agreement for sharing profits and losses. Prepare the journal entry to record the admission of Kang to the partnership.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Why starting a large number of wafers into production boost

Why starting a large number of wafers into production will boost profit even though the chips that ultimately result from the wafers are ones that have not been

  What percentage of sun microsystems shareholders

What percentage of Sun Microsystems' shareholders are institutional investors and insiders? What was the stock's 52-week high and low?

  How a time driven abc cost system can be implemented

Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

  Calculate margin of safety in value and in units for samuel

Calculate the margin of safety in value and in units for Samuel Sdn Bhd. Fixed administration cost RM24,000. Selling price per unit RM13

  What price should you pay for the preference share

What price should you pay for the preference share if you are expecting a return of 10 per cent?- What maximum price should you pay for the preference share?

  Explain why evaluation in terms of roi may lead managers

Explain why evaluation in terms of ROI may lead managers to delay purchases of equipment that, in the long run, will be needed to remain competitive.

  UCBP4006 Management Accounting Assignment

UCBP4006 Management Accounting Assignment Help and Solution - University of Cumbria, UK. Analyse costing still has an important role to play for Avitex limited

  Indicate the effect of the misstatement

Indicate the effect of the misstatement on Waterjet Bath's December 31, 2019, balance sheet and income statement for the year ended December 31, 2019

  Describe between public accounting and managerial accounting

Describe the difference between public accounting and managerial accounting, provide in-text citations. Provide a hypothetical example.

  What were sunsets cash flows from operating activities

What were Sunset's cash flows from operating activities?

  Prepare the monthly flexible selling expense budget

Prepare the monthly flexible selling expense budget for Podism Company for sales volumes of $270,000, $350,000, and $480,000, based on the data

  What is the expected growth rate of the dividends

$5.00 and is expected to grow at a constant rate. If your required rate of return is 12%, what is the expected growth rate of the dividends?

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