Last month peewee company manufactured 20000 units and sold

Assignment Help Accounting Basics
Reference no: EM13582073

Last month, PeeWee Company manufactured 20,000 units and sold 18,000 of these units at a price of $8.00 per unit. Manufacturing costs consisted of direct labor, $30,000;direct materials, $32,000; variable manufacturing overhead, $3,600; fixed manufacturing overhead, $21,600. Selling and administrative costs totaled $24,000.Reference:What is PeeWee's net income using variable costing?

Reference no: EM13582073

Questions Cloud

You have been asked to develop the following longwall : a longwall mine is planned in illinois. the following data are given to you.mining depth- 1000 feetthickness of near
The following questions are based on waist restraint : the following questions are based on waist restraint corporation which produces belts that sell for 15 per unit. of the
Prepare a two-page paper on financing ventures in the : prepare a two-page paper on financing ventures in the fashion industry. format the paper in the apa style. include the
K01 also can be purchased from an outside supplier at 50 : ki corporation produces 10000 units of k101 each week for use in the assembly of its finished products. the unit cost
Last month peewee company manufactured 20000 units and sold : last month peewee company manufactured 20000 units and sold 18000 of these units at a price of 8.00 per unit.
There was no beginning inventoryduring the year the : there was no beginning inventory.during the year the company sold 172000 units. if net income using full and variable
Explain the difference between multiple independent : q1. explain the difference between multiple independent variables and multiple levels of independent variables. which
Provide all the eliminating entries required as of december : parent corporation acquired 75 percent of signature companys voting stock on january 1 201x at underlying book value.
Prepare a contribution format segmented income statement : vulcan companys contribution format income statement for june is given belowvulcan compatnyincome statementfor the

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