Pretty pillows mfg manufactures silk throw pillows last

Assignment Help Accounting Basics
Reference no: EM13482486

Pretty Pillows, Mfg., manufactures silk throw pillows. Last month the company produced 3,890 pillows. Using job order costing, determine the product unit cost for one pillow based on the following costs: production facility utilities, $1,600; depreciation on production equipment, $650; indirect materials, $400; direct materials, $5,300; indirect labor, $1,000; direct labor, $3,500; sales commissions, $4,000; president's salary, $8,000; insurance on production facility, $1,000; advertising expense, $900; rent on production facility, $6,000; rent on sales office, $4,000; and legal expense, $600. Round your answer to two decimal places.

Reference no: EM13482486

Questions Cloud

Calcutron company is contemplating introducing a new type : calcutron company is contemplating introducing a new type of calculator to complement its existing line of scientic
In a sole proprietorship the drawing account is similar to : 1. the partner capital account is what type of account and what is the capital accounts normal balances?a. asset
Since it was organized in march 19x1 block inc has had 5000 : since it was organized in march 19x1 block inc. has had 5000 outstanding shares of 100 par value 7 preferred stock and
Calculate the amount of accelerated depreciation for 2008 : mike purchased a heavy-duty truck five year class recovery property for his delivery service on april 30 2008. the
Pretty pillows mfg manufactures silk throw pillows last : pretty pillows mfg. manufactures silk throw pillows. last month the company produced 3890 pillows. using job order
Brandywine homecare is a not for profit business they had : brandywine homecare is a not for profit business. they had revenue of 12 million in 2007. expenses other than
Prepare a partial inc stmt for the fifo and lifo cogs and : prepare a partial inc. stmt. for the fifo and lifo cogs and closing inv. using the inventory numbers belowinventoryjan1
Operates a store featuring school merchandise it uses an : operates a store featuring school merchandise. it uses an eoq decision model to make inventory decisions. it is
Assume that the company estimates its bad debts expense : info providedtotal credit salesnbspnbspnbsp2200000accounts receivable at december 31nbspnbspnbspnbsp825000bad debts

Reviews

Write a Review

Accounting Basics Questions & Answers

  Assessing for tax purposes

If a parcel of land that was originally purchased for $85,000 is offered for sale at $150,000, is assessed for tax purposes at $95,000, is recognized by its purchasers as easily being worth $140,000, and is purchased for $137,000, the land should ..

  At abreak-even point of 40000 units the companys total

company manufactures a product that sells for 1.75 per unit. management recently finished analyzing the results of the

  Applied overhead for levitt-total overhead variance

Jay Levitt Company produces one product, a putter called GO-Putter. Levitt uses a standard cost system and determines that it should take one hour of direct labor to produce one GO-Putter. Compute the applied overhead for Levitt for the year:

  Evaluation of inventory

Evaluation of Inventory

  Finding out the depreciation expense

Heathlands will use a three-year straight-line method. In the 2005 consolidated income statement, the depreciation expense:

  Investment net present value

Donaldson Company can acquire a $650,000 machine now that will benefit the firm over the next 9 years. Annual savings in cash operating costs are expected to total $105,000. If the hurdle rate is 12%, the investment's net present value is?

  Balance of retained earnings

On its 1999 balance sheet, Sherman Books showed a balance of retained earnings equal to $510 million. On its 2000 balance sheet, the balance of retained earnings was also equal to $510 million. Which of the following statements is most correct? Sh..

  Reinvestment rate of each method

In what sense is a reinvestment rate assumption embodied in the NPV, IRR, and MIRR methods? What is the assumed reinvestment rate of each method?

  Entries for stock dividends

Journalize the entry to record the declaration of the dividend, cpaitalizing an amount equal to market value. Journalize the entry to record the issuance of the stock certificates.

  High low method-cost formula for maintenance

At an activity level of 6,000 units the cost for maintenance is $7,200 and at 10,000 units the cost for maintenance is $11,600. Using the high-low method, the cost formula for maintenance is:

  Remit the state sales tax amount to indiana

A. The buffalo wildcats, a minor league football team, received $3000 from a fan on June 1 for 2013 season tickets. The wildcats play 10 home games. on December, 2013, the end of the fiscal year, the wildcats had played 6 home games. make the origina..

  Describe the characteristics of intangible assets

Describe the characteristics of intangible assets. Identify the costs to include in the initial valuation of intangible assets. Explain the procedure for amortizing intangible assets.

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