User Account

All Pages

How much fixed manufacturing overhead cost was deferred

Assignment Help Accounting Basics
Reference no: EM131748980

Question: Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data:

                                                           Year 1         Year 2           Year 3
Inventories:
Beginning (units)                                       200             151              182

Ending (units)                                           151             182              227

Variable costing net operating income        $294,600     $272,000      $258,400

The company's fixed manufacturing overhead per unit was constant at $565 for all three years.

Determine each year's absorption costing net operating income.

In Year 4, the company's variable costing net operating income was $259,400 and its absorption costing net operating income was $273,900.

a. Did inventories increase or decrease during Year 4?

Decrease

Increase

b. How much fixed manufacturing overhead cost was deferred in or released from inventory during Year 4?

Reference no: EM131748980

Questions Cloud

Determine the amount of cash collected from customers : Determine the amount of cash collected from customers during 2015. (All sales are on credit. Enter your answer in millions rounded to 1 decimal place.
Define low-income families view prospect of college costs : how do many low-income families view the prospect of college costs
What are some other products and features of the products : What are some other products and features of those products for which the Arduino would be a possible candidate as that product's microcontroller?
The cards featured a heard of mooses, and we signed them : Discuss the cards featured a heard of mooses
How much fixed manufacturing overhead cost was deferred : Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports.
Discuss three most important factors in real estate : The three most important factors in real estate are location, location, and location
Article on change management : Write a summary of the article by identifying and explaining the author's idea and perspective and the audience. Include direct quotes from the article
What are your beliefs about diversity in american education : What are your beliefs about diversity in American Education. And can you describe your understanding of multicultural issues
Should you report your training officer for taking the bars : How is taking candy from a convenience store different from taking a bribe? Is this a violation of personal or organizational ethical behavior?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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