Product cost assuming the company uses variable costing

Assignment Help Operation Management

Reference no: EM13820913

McIntyre's Manufacturing produces a single product. Last year, the company produced 20,000 units out of which 18,000 were sold. There were no units in beginning inventory. The company had the following costs:

Variable costs per unit:

Production $10.00

Selling and administrative $4.00

Fixed costs (total):

Production $40,000

Selling and administrative $20,000

Required:

A. Calculate McIntyre's total product cost assuming the company uses variable costing.

B. Calculate McIntyre's total period cost assuming the company uses variable costing.

C. Calculate McIntyre's total product cost assuming the company uses absorption costing.

D. Calculate McIntyre's total period cost assuming the company uses absorption costing.

Reference no: EM13820913

Questions Cloud

What are the balances of net property : What are the balances of net property

Between esteban and joshua houston : Who was Richmond? Why do you think it matters that we should bother to learn about Richmond? In your own opinion, how does Richmond’s story fit with Francis Galan’s article, “Between Esteban and Joshua Houston,” or was his life perhaps any different?

What is the efficiency of line if line is run at capacity : What is the difference between these two questions pertaining to workstations? I am given the tasks to make a precedence diagram and this, assume a production target of 240 units per 9 hour day. What is the efficiency of the line if the line is run a..

Strategies of employer-sponsored health plans : Compare cost control strategies of employer-sponsored health plans, in which employers buy from insurance companies, to self-funded health plans, in which employers cover costs of benefits

Product cost assuming the company uses variable costing : McIntyre's Manufacturing produces a single product. Last year, the company produced 20,000 units out of which 18,000 were sold. There were no units in beginning inventory. Calculate McIntyre's total product cost assuming the company uses variable cos..

Project management software report : The company you work for has grown in size in a very short time. Due to the scale and type of projects coming in, there is a need to adopt a project management software. You are tasked with researching the different project management software availa..

Article about medicine invasive species and nature : For instance, you can select an article about medicine, invasive species, nature, conservation, genetic technology, ecology, or any other topic that is related to biology. One purpose of this assignment is to help you become aware of how biology i..

Write a paper comparing two of michael moores assertions : After watching the movie "Bowling for Columbine" write a one page paper comparing two of Michael Moore's assertions to the handout. State if you believe Moore's assertions to be argument or propaganda.

Determine the pertinent demographic : Determine the pertinent demographic

User Account

All Pages