Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Assignment
Sims Company, a manufacturer of tablet computers, began operations on January 1, 2015. Its cost and sales information for this year follows. Manufacturing costs 30 per unit Direct materials Direct labo 50 per unit Overhead costs for the year $2,000,000 Variable overhead Fixed overhead $8,000,000 Selling and administrative costs for the year Variable 700,000 Fixed $4,250,000 Production and sales for the year 100,000 units Units produced 70,000 units Units sold Sales price per unit 350 per unit
1. Prepare an income statement for the year using variable costing
2. Prepare an income statement or The year using absorption costng.
3. Under what circumstance(s) is reported income identical under both absorpton costng and variable costing?
In 2013, Zoe Inc. billed its customers $62,000 for services performed. The company collected $51,000 of the amount billed.
on the last day of its fiscal year ending december 31 2013 the sedgwick amp reams sampr glass company completed two
curren co. paid dividends of 3000 6000 and 10000 during 2010 2011 and 2012 respectively. the company had 500 shares of
the melville company produces a single product called a pong. melville has the capacity to produce 60000 pongs each
If there were 30,600 units of inventory on hand on December 31, 2007, how many units should be produced in January, 2008 in order for the company to meet its goals?
Josh's PhotoPlus reported net income of $73,000 for 2012. Included in the income statement were depreciation expense of $7,000 and a gain on sale of equipment of $2,500. Josh's comparative balance sheets show the following balances.
Your S corporation needs a new truck for its operations and is looking at three alternatives. The first alternative is to lease the truck for sixty months.
in the month of march new day spa services 636 clients at an average price of 240. during the month fixed costs were
Prepare the journal entry to record the lease payment of January 1, 2012, assuming reversing entries are not made.
find the total return earned by the bond with the characterictics shown below. face value 2000 annual i.r. 1.5 term to
folsom fashions sells a line of womens dresses. folsoms performance report for november is shown below. the company
Hogan’s Department Store uses a perpetual inventory system. Data for product E2-D2 include the purchases shown below. Date Number of Units Unit Price May 7 60 $11 July 28 32 17 On June 1, Hogan sold 30 units, and on August 27, 32 more units.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd