Inventory cost per unit using absorption costing

Assignment Help Accounting Basics
Reference no: EM13766373

Toshi Company incurred the following costs in manufacturing desk calculators.

Direct materials $14
Indirect materials (variable) 4
Direct labor 8
Indirect labor (variable) 6
Other variable factory overhead 10
Fixed factory overhead 28
Variable selling expenses 20
Fixed selling expenses 14

During the period, the company produced and sold 1,000 units.

A. What is the inventory cost per unit using absorption costing?

B. What is the inventory cost per unit using variable costing?

Reference no: EM13766373

Questions Cloud

Compare and contrast the online trading companies : Research online trading sites and DRIPS as outlined below, and summarize your findings. Make sure to include a summary table of the relevant information. Search three online trading sites, and determine the requirements for trading, including the pri..
Product using the physical units method : Allocate joint production costs to each product using the physical units method.
Define the term permeability and heterogeneity : Define the following terms, Permeability and Heterogeneity, Proper ownership and leadership, Conformance and Operability
Retirement income plan : Your 68 year old mother plans to retire in 2 years and she expects to live independently for 3 years. She wants a retirement income that has, in the first year the same purchasing power as 60,000 has today. However her retirement income will be of a ..
Inventory cost per unit using absorption costing : A. What is the inventory cost per unit using absorption costing? B. What is the inventory cost per unit using variable costing?
The developments in material science : Describe how silicone based semiconductors revolutionized computing
Simulate a multi-partitioned memory management system : Processes are also to be terminated by a GUI action. With each process change a free memory list status is to be output clearly showing the list items and their sizes.
Prepare a performance report for all costs : Prepare a performance report for all costs, showing flexible budget variances (indicate F or U).
Positions are bullish on the market : Which of the following positions are bullish on the market? I. buying a stock II. writing a put III. buying a call IV. selling a call

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd