User Account

All Pages

Prepare profit or loss account for sales

Assignment Help Cost Accounting
Reference no: EM132562622

Question1 : Prepare profit/loss account for sales of 200 peices, 300 pieces

Details provided:

Purchase cost 1100 per peice

Sales cost 1800 per piece

Expenses per month

rent 50,000

Salary to staff 75,000

Commission per peice 100

Reference no: EM132562622

Questions Cloud

Find what is the variable cost per unit : What is the variable cost per unit? The total cost of 5,000 units is GH$50,000 and the total cost of making 20,000 units is GH$ 140,000.
What are the various types of ways the management accountant : What are the various types of ways the Management accountant can classify the costs by Management decisions? Describe any 5.
What is the direct materials efficiency : Direct Materials is $1.70 per pound and the Direct Labor has a standard price of $9.00 per hour. What is the direct materials efficiency (quantity) variance
What would be the net rental income : Rental revenue, including unearned rent deposits of $1,000, was $35,000. What would be the net rental income
Prepare profit or loss account for sales : Prepare profit/loss account for sales of 200 peices, 300 pieces. Purchase cost 1100 per peice. Sales cost 1800 per piece. Expenses per month
Distribute the combined cost using the gross profit rate : Distribute the combined cost on the assumption that 420 kg of finished products with a market value of 10 dollars / kg are released
Calculate the total cost of the units transferred to pahse : Calculate the total cost of the units transferred to the second phase, Calculate the total cost of the units remaining at the end of the period.
What amount reported as loss on note receivable discounting : Company accepted from a customer a P4,000,000, 90-day, 12% note dated August 31, 2019. What amount should be reported as loss on note receivable discounting
How much will save annually due to decision : Produced per month, which can be sold for P.2.20 per kg., should the firm make the investment? How much will he save annually due to his decision?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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