User Account

All Pages

Prepare income statement but total cost of unused capacity

Assignment Help Managerial Accounting
Reference no: EM132472378

Problem 1: Suppose that in addition to the change in part a, the unit time tor scheduling a production run decreased from four hours per run to three hours per run. Determine the new total time driven actwiw-based costs assigned to each of the to or products (flavors) and

Question 1: Prepare an income statement similar but also showing the total cost of unused capacity

Product Profit or loss

Vanilla

Chocolate

Strawberry

Mochaalmond

Total

Sales

30000

24000

3960

2800

6076

Direct material

6000

4800

720

520

1204

Direct labour

8750

7000

1050

700

1750

Indirect labour usage

4966.5

3580.5

3888.5

4042.5

1647

Machine Usage

5025

3750

1245

1230

1125

Gross profit/ loss

5258.5

4869.5

-2943.5

-3692.5

349

Gross profit/ loss as a percentage of sales

17.5283

20.3

-74.3

-131.9

5.

Reference no: EM132472378

Questions Cloud

Determine three main returns and lodgements used in GST : Provide a brief description of each of the three main returns and lodgements that are required by GST registered entities and provide the proper example
What is CCSs DRD associated with the dividend : CCS owns less than 1% of the IBM stock outstanding. What is CCS's DRD associated with the dividend? CCS's income is $10,000.
What are your views on pay secrecy : What are your views on pay secrecy? How much do you think employees should be told about how their pay is determined? What are the factors that you need.
What is bysons net operating loss : What if Byson Co. only had $500,000 in (excluding the dividends-received deductions). Would this change the net operating loss?
Prepare income statement but total cost of unused capacity : Actwiw-based costs assigned to each of the to or products (flavors) and Prepare an income statement similar but also showing the total cost of unused capacity
How freudian theory continues to influence modern psychology : Freudian theory continued to evolve even as Neo-Freudian theories continued to emerge. Today, Freudian ideas still provide a foundation for modern psychology.
Reflect on your progress in gaining knowledge and attitudes : Reflect on your progress in gaining knowledge, skills, attitudes, and identity of professional practice. Explore any concerns that arose and may.
How does the difference advance the field of psychology : Messias (2014) outlined five epochs in the history of psychology. Consider the progression of these epochs and the factors that marked the end of one epoch.
What are cultural differences that might affect responses : Sensation refers to an actual event; perception refers to how we interpret the event. What are some cultural differences that might affect responses?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compare product costs and period costs financial analyses

Identify the differences in the role of managerial accounting and financial accounting. Compare and contrast product costs and period costs within financial analyses. Examine the flow of manufacturing costs.

  What will the cost of newly-issued stocks be

The stock is priced at $12.50 with float cost of 15% The marginal tax rate for the company is 40%, what will The cost of newly-issued stocks be?

  Calculate break-even units and the break-even sales revenue

Calculate the break-even units and the break-even sales revenue. Calculate the margin of safety in sales dollars. Calculate the margin of safety in units.

  Portions of the financial statements for myriad products

Prepare the cash flows from operating activities section of the statement of cash flows for Myriad Products Company using the direct method.

  Create the amortization schedule

Assignment - Excel Workbook Assignment MFE 6100 and Create the amortization schedule for this note in proper format. Label your spreadsheet cell that shows your TVM calculation for the note and be sure to link all cells properly for full credit..

  Draft the trial balance

The following Trial Balance is drawn by a person who is not well versed in accounting process. You are required to re-draft the Trial Balance correctly.

  Whats the means for uses standard costing model

Explain what's the difference between uses Standard/Traditional and an Activity Costing model? What benefits and drawback do they have

  Production budgets for each quarter and in total for 2014

The January 1, 2014, inventory of HD-240 is 2,160 units. Prepare quarterly production budgets for each quarter and in total for 2014.

  College supply company makes three types

College Supply Company (CSC) makes three types of drinking glasses: short, medium, and tall. It presently applies overhead using a predetermined rate based on direct labor hours.

  Provide an example of a cost

Please provide an example of a cost that is fixed in the short run but becomes variable over a longer period of time.

  An advertising agency is estimating costs

An advertising agency is estimating costs for advertising a music festival.

  Computing contribution margin-break even point

Determine the contribution margin for this practice. Determine the accounting break even point in the terms of number of Enrollees. Determine the economic break even point in terms of number of Enrollees.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd