Net income after reconciliation

Assignment Help Accounting Basics
Reference no: EM13145724

Actual Sales 150,000 units

Productioon 160,000 units

Selling price $34 per unit

Direct Materials $4 per unit

Direct Labor $4 per unit

Fixed manufacturing costs $5 per unit

Variable Overhead costs $4 per unit

Variable administrative costs $2 per unit sold

Fixed administrative Cost $100,000

What is the net income after reconciliation for throughput costing, please include the steps.

Reference no: EM13145724

Questions Cloud

What is the energy of a c-c bond in kj or mole : What is the energy of a C-C bond in kJ/mole? Explain. How does this amount of energy compare?
What is operating profit : A firm operate at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales and sales were $1,000,000. What is operating profit was?
English essay topic for short stories : Several of the stories we have read revolve around love and the effect that its presence has has on the loves of the characters. compare the protagonist of two stories from this standpoint
Calculate the amount heat evolved per mole of glucose : A 0.692 g sample of glucose, C6H12O6, is burned in a constant volume, bomb calorimeter. The temperature change is measured at 1.80 degrees C.
Net income after reconciliation : What is the net income after reconciliation for throughput costing, please include the steps.
What is the total magnification of the image seen : When using the low power objective to examine an object, what is the total magnification of the image seen?
Sommer production budget : Each unit requires 4 poundsof material that costs $6 each. Sommer's production budget should be:
What are the drawbacks of using the enterotube system : 1.The Enterotube quickly and conveniently performs a series of twelve different biochemical test. The test Eschericia Coli needs to be researched and describe the procedure for performing it if you are not using an Enterotube.
Interest receivable and interest revenue : Accepted a $12,000, 60-day, 8% note dated December 13 in granting Allie Sumera a time extension on her past-due account receivable. What is the interest receivable and interest revenue?

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