Prepare a numerical reconciliation

Assignment Help Accounting Basics
Reference no: EM132465492

Question 1. Prepare April and May 2017 income statements for Accelerate Motors under (a) variable costing and (b) absorption costing.

Question 2. Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing.

 

April

May

Unit data:

 

 

Beginning inventory

0

100

Production

600

550

Sales

500

600

Variable costs:

 

 

Manufacturing cost per unit produced

$            8,000

$           8,000

Operating (marketing) cost per unit sold

3,800

3,800

Fixed costs:

 

 

Manufacturing costs

$      2,400,000

$     2,400,000

Operating (marketing) costs

500,000

500,000

Reference no: EM132465492

Questions Cloud

BSBPMG415 Apply project risk management techniques : BSBPMG415 Apply project risk management techniques Assignment Help and Solution, Sydney Metro college - Assessment Writing Service
Calculate the annual rate of return for each year : Calculate the annual rate of return for each year from the above information. What is the arithmetic average rate of return earned by investing in Caswell stock
What is the break-even level of monthly sales for bando : The cost analyst tells you that based on the price and cost Information of the part and the marketing department's sales projection for next month
Provide a schedule of lease payments for red ltd : Red Ltd paid $15,000 for initial direct cost. Provide a schedule of lease payments for Red Ltd, for the period from lease inception to the end of the agreement
Prepare a numerical reconciliation : Prepare a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing
What is the price of a european put option : What is the price of a European put option that expires in 6 months and has a strike price of $30?
Prepare the amortization schedule : Prepare the amortization schedule that shows the pattern of interest expense for UMB. Prepare the appropriate entries for 2019 for UMB
Compare the two companies cost structures : Compare the two companies' cost structures.Suppose that both companies experience a 15 percent increase in sales volume. By how much would each company's profit
What are three ways to minimize issue : Clark has heard that the ADP testing is an issue for 401(k) plans. What are three ways to minimize this issue?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Evaluating a direct communication

Auditing standards define a confirmation as the "process of obtaining and evaluating a direct communication from a third party in response to a request for information about a particular item affecting financial statement assertions."

  Discuss and defining an organizations competitors

Compare and contrast the three approaches to defining an organization's competitors. Which one of these approaches do you think is the most useful and why

  Break even variable selling costs

How many units must be sold to break even if variable selling costs are $2 per unit, variable production costs are $31 per unit, and total fixed costs are $1,799,946?

  In its work in process account hill company had a beginning

in its work in process account hill company had a beginning balance of 425000. in the course of the month the work

  Determining cost function of firm

Find out the range of outputs for which cost function C(q) = f +cq^2 where c>0 is characterized by

  Analyze and interpret financial statements.

Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.

  What annual interest rate will the bond earn

You are thinking about buying a savings bond. The bond costs $50 today and will mature in 10 years with a value of $100. What annual interest rate will the bond earn?

  Explain the differences in these ratios across

The table below shows the stock price, earnings per share, and dividends per share for three companies as of October 2007:

  Briefly discuss the mortgage-related schemes

Briefly discuss the mortgage-related schemes that emerged with the downturn of the financial markets in 2008, as identified by the FBI

  What is the amount of amortization expense for goodwill

It is estimated that the goodwill (if any) has an economic useful life of 20 years. What is the amount of amortization expense for goodwill for 20X3

  Are you surprised by the topic the author is focusing on

Read the article When State Taxes And Interstate Compacts Collide. Are you surprised by the topic the author is focusing on? Why or why not?

  What do you think the advantages and disadvantages

What do you think the advantages and disadvantages would be for you as a user? What do you think the advantages and disadvantages would be for the company

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