Located in the village of gianyar

Assignment Help Financial Accounting

Reference no: EM13916798

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $902. Selected data for the company's operations last year follow:


Units in beginning inventory		0
Units produced		15,000
Units sold		13,000
Units in ending inventory		2,000
Variable costs per unit:
Direct materials		$ 280
Direct labor		$ 390
Variable manufacturing overhead		$ 56
Variable selling and administrative		$ 23
Fixed costs:
Fixed manufacturing overhead		$ 840,000
Fixed selling and administrative		$ 940,000

Required:

1. Assume that the company uses absorption costing. Compute the unit product cost for one gamelan.

2. Assume that the company uses variable costing. Compute the unit product cost for one gamelan.

Reference no: EM13916798

Questions Cloud

Why do you think business writing differs from school essay : Why do you think business writing differs from school essay writing? List the three phases of the writing process and summarize what happens in each phase. Which phase requires the most time?

Excluding investment expenses : Rich and Shauna Nielson file a joint tax return, and they itemize deductions. Assume their marginal tax rate on ordinary income is 25 percent. The Nielsons incur $2,400 in miscellaneous itemized deductions, excluding investment expenses.

Signed binary numbers displayed in 2s complement form : Determine the decimal value of each of the following signed binary numbers displayed in the 2's complement form:

Research how media providers use cloud services : Please write a short paper on ONE of the investigation topics listed below. Your paper should be between one and two pages in length (single-spaced, Times New Roman, 12 point font) not counting the references. Please list all sources used for your in..

Located in the village of gianyar : Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia.

Demonstrates your understanding of the java classes : Before attempting this project, be sure you have completed all of the reading assignments, hands-on labs, discussions, and assignments to date.

Discuss the pros and cons of the focus strategy : Discuss how the Focus strategy can be employed to create and sustain a competitive advantage. Discuss the Focus strategy pricing, features, and the clientele base for the cell phone application.

Balance in the investment account : Required: What is the c as of December 31, 2009?

Calculate the one-sample t statistic : More critical values. You have an SRS of size 30 and calculate the one-sample t statistic. What is the critical value t* such that t has probability 0.025 to the right of t*?

User Account

All Pages