How much fixed manufacturing overhead is in ending inventory

Assignment Help Managerial Accounting

Reference no: EM132706561

Ceradyne Manufacturing produces snow shovels. The selling price per snow shovel is $29.00. There is no beginning inventory.

Costs involved in production are:

Direct material $5.00

Direct labor 3.00

Variable manufacturing overhead 2.00

Total variable manufacturing costs per unit $10.00

Fixed manufacturing overhead per year $223,100

In addition, the company has fixed selling and administrative costs of $155,200 per year. During the year, Ceradyne produces 48,500 snow shovels and sells 43,490 snow shovels.

Question 1: What is the value of ending inventory using full costing?

Question 2: What is the value of ending inventory using variable costing?

Question 3: Calculate the difference in full costing net income and variable costing net income without preparing either income statement.

Question 4: What is cost of goods sold using full costing?

Question 5: What is cost of goods sold using variable costing?

Question 6: What is net income using full costing?

Question 7: What is net income using variable costing?

Question 8: How much fixed manufacturing overhead is in ending inventory under full costing?

Reference no: EM132706561

Questions Cloud

Prepare report addressing daniel concern : Prepare report addressing Daniel's concern, which needs to be submitted before the next meeting. Imagine yourself as John and prepare the report.

How garner arrives at the order-filling cost per unit : What is the amount of loss (profit) per unit at the $404.55 selling price per unit for units sold to SC?

Explain the means of pretrial identification : Explain three major issues that you can identify as it relates to lineups and other means of pretrial identification. Lastly, identify and describe three.

What genetically modified food is : Review your work and research on the GMO case study. you will submit response that explains your stand on the question should gentically modified food be banned

How much fixed manufacturing overhead is in ending inventory : Ceradyne Manufacturing produces snow shovels. How much fixed manufacturing overhead is in ending inventory under full costing?

Describe the sampling procedure in brief : Go to a local library; collect a sample of books consisting of the ages of book (based on copyright dates). Plan and describe the sampling procedure.

What are the steps when using the sales with payment : What are the steps when using the sales with payment customer workflow? Create sales receipt deposited to the checking account

What are the characteristics of eusociality : What are the characteristics of eusociality and how do they differ from facultative sociality? How does this affect the likelihood of altruistic behavior in the

How should write issues of financial probity : How should write issues of financial probity? Identify, describe issues in the case study and also include in this issues of financial probity

User Account

All Pages