Stonehenge inc a manufactuerer of landscaping blocks began

Reference no: EM13568687

Stonehenge inc., a manufactuerer of landscaping blocks, began operations on April 1 of the current year. During this time, the company produced 750,000 units and sold 720,000 units at a sale price of $9 per unit. Cost information for this period is shown below.

Production costs
Direct Materials: 1.80 per unit
Direct Labor: .30 per unit
Variable overhead: 495,000 in total
Fixed overhead: 450,000 in total

Non-production costs
Variable selling administrative: 18,000 in total
Fixed selling and administrative: 53,000 in total

a) Prepare Stonehenge's december 31st income statement for current year under absorption costing
b) Prepare stonehenge's december 31st income statement for current year under variable costing.

Reference no: EM13568687

Questions Cloud

A company had inventory on november 1 of 4 units at a cost : a company had inventory on november 1 of 4 units at a cost of 16 each. on november 2 they purchased 7 units at 27 each.

What is the minimum level of capital according to basel ii : an internationally active bank has a 500 million portfolio of investments and bank credits. 100 million are claims on

There are 183 days in the fra period determine whether you : a three-against-nine fra has an agreement rate of 4.75 percent. you believe six-month libor in three months will be

Why do most international bonds have high moodys or : why do most international bonds have high moodys or standard amp poors credit

Stonehenge inc a manufactuerer of landscaping blocks began : stonehenge inc. a manufactuerer of landscaping blocks began operations on april 1 of the current year. during this time

What societal factors may have caused the us supreme court : part iread the u.s. supreme court decision in the following casesbowers v. hardwick 478 u.s. 186

John bought his new pickup for no money down with with an : john bought his new pickup for no money down with with an amortized loan at 2.5. for a term of 48 months his monthly

What factors does standard amp poors analyze in determining : what factors does standard amp poors analyze in determining the credit rating it assigns to a sovereign

Describe the differences between foreign bonds and : describe the differences between foreign bonds and eurobonds. also discuss why eurobonds make up the lions share of the

User Account

All Pages