Ollies olive oil began business in 2010 during which it

Assignment Help Accounting Basics
Reference no: EM13603998

Ollie's olive oil began business in 2010, during which it produced 104,000 quarts of olive oil. In 2010, the company sold 100,000 quarts of olive oil. costs incurred during the year were as follows:

Ingredients used $228,800
direct labor 104,000
variable overhead 197,600
fixed overhead 98,800
variable selling expenses 50,000
fixed selling and administrative expenses 120,000

total actual costs 799,200

a.what was the actual production cost per quart under variable costing?

Reference no: EM13603998

Questions Cloud

Finished goods inventoy at the end of nov was 1500 units : finished goods inventoy at the end of nov was 1500 units. ending finished goods inventory is equal to 25 percent of the
During the year chester had the following transactions : during the year chester had the following transactions involving capital assets gain on the sale of an arrowhead
Red river farm machine makes a wide variety of products all : red river farm machine makes a wide variety of products all of which must be processed in the cutting and assembly
Baxton technologies inc constructed a conveyor for aampg : braxton technologies inc. constructed a conveyor for aampg warehousers that was completed and ready for use on january
Ollies olive oil began business in 2010 during which it : ollies olive oil began business in 2010 during which it produced 104000 quarts of olive oil. in 2010 the company sold
A 45-room resort hotel has three sizes of rooms as follows : a 45-room resort hotel has three sizes of rooms as follows 15 singles at 150 square feet each 15 doubles at 220 square
Collect the 4 main financial statements from credible : select a company that you are familiar with from the transportation industry.bullcollect the 4 main financial
The resolute resort hotel currently operates at a 75 : the resolute resort hotel currently operates at a 75 occupancy using a rack rate for all rooms of 60 and a marginal
How to find the unit product cost for one bicycledirect : how to find the unit product cost for one bicycle?direct materials 120 direct labor 140 manufacturing overhead 50. am i

Reviews

Write a Review

Accounting Basics Questions & Answers

  If fixed costs and expenses are 240000 and variable costs

if fixed costs and expenses are 240000 and variable costs and expenses are 75 of sales what is the amount of sales

  New pcaob reporting requirements

Justify how the reporting requirements of the PCAOB reduce the chance of financial fraud. Illustrate the responsibilities of an auditing firm to detect fraud during the audit process.

  Gabriel age 40 and edith age 33 are married with two

gabriel age 40 and edith age 33 are married with two dependents. they had agi of 110000 in 2013 that included net

  How many shares are authorized-issued and outstanding

Hawes sold 70,000 shares to shareholders and reacquired 7,000 of these shares. After these transactions, how many shares are authorized, issued, and outstanding?

  Smithco is considering two capital budgeting projects

smithco is considering two capital budgeting projects. project a will require an initial investment of 49000 and

  Liquidating partnerships-capital deficiency

If Arnold is personally bankrupt and unable to pay any of the $18,000, what will be the amount of cash received by Peters and Suzuki upon liquidation?

  Question-delta sugar company

The management of Delta Sugar Company is considering whether toprocess further raw sugar into refined sugar. Refined sugarcan be sold for $1.75 per pound, and raw sugar can be sold withoutfurther processing for $1.05 per pound.

  Podsednik company has gathered the following information

podsednik company has gathered the following information. units in beginning work in process -0- units started into

  Invest in a stock portfolio

1. You have $26,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with an expected return of 11.0 percent. If your goal is to create a portfolio with an expected return of 13.68 percent, ho..

  Business of selling antique cars

ABC Inc. has just entered into the business of selling antique cars. The company management decided to lease the premises for the business instead of buying the office premises.

  Potential investments to accelerate profit abc company has

potential investments to accelerate profit abc company has the option to purchase additional equipment that will cost

  Adjustment to the allowance for doubtful accounts

Past experience indicates that the allowance should be 10% of the balance in receivables (percentage of receivable basis). If the accounts receivable balance at December 31 was $200,000 what is the required adjustment to the Allowance for Doubtful..

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