Techmore had net income of 250000 based on variable costing

Assignment Help Accounting Basics
Reference no: EM13566236

Techmore had net income of $250,000 based on variable costing. Beginning and ending inventories were 50,000 units and 48,000 units, respectively. Assume the fixed overhead per unit was $.75 for both the beginning and ending inventory. What is net income under absorption costing?

Reference no: EM13566236

Questions Cloud

One of the five elements of emotional intelligence is : one of the five elements of emotional intelligence is self-awareness. what behaviors would someone with strong
What is a progressive tax system what is the difference : what is a progressive tax system? what is the difference between a firms marginal and average tax
Does the company have any subsequent events disclosed in : to analyze the financial statements of a publicly traded company. obtain an annual report from a publicly traded
What are some methodologies of communication you would use : question todays workforce is diverse and has multiple conflicting priorities. as a nurse leader you would like to see
Techmore had net income of 250000 based on variable costing : techmore had net income of 250000 based on variable costing. beginning and ending inventories were 50000 units and
What is meant by the term time value of money why is a : what is meant by the term time value of money? why is a present value always less than the future value to which it
What do you think the beta of your portfolio would be if : what do you think the beta of your portfolio would be if you owned half of all the stocks traded on the major
Parker amp co expects overhead costs of 400000 per year and : parker amp co. expects overhead costs of 400000 per year and direct production costs of 12 per unit. the estimated
On september 1 2012 jacob company sold at 104 plus accrued : on september 1 2012 jacob company sold at 104 plus accrued interest 3120 of its 9 10-year 1000 face value

Reviews

Write a Review

Accounting Basics Questions & Answers

  Assume that the overhead cost above consists of utilities

Estimate how much of the $262,310 of overhead cost in June was maintenance cost. (Hint: To do this, it may be helpful to first determine how much of the $262,310 consisted of utilities and supervisory salaries.

  Partnership income-sharing agreement

Partnership income-sharing agreement

  Components of measuring the economic damages

What are the components of measuring the economic damages from the loss of household services?

  Objectives of a system of internal controls

Important objectives of a system of internal controls are to safeguard assets and to enhance the accuracy and reliability of the accounting records. Briefly discuss how

  What are the ethical issues involved

Who are the stakeholders in situation and what are the ethical issues involved - decrease depreciation expense and require less extensive disclosure, since the changes are accounted for prospectively.

  Ricochet company completed 56000 units during the year at

ricochet company completed 56000 units during the year at a cost of 784000. the beginning finished goods inventory was

  Students will calculate the cost that should be assigned to

students will calculate the cost that should be assigned to land buildings and equipment and provide the journal entry

  The individual accounting records

The individual accounting records

  What are the differences between these two methods

Why are companies required to prepare a statement of cash flows? Why is the statement of cash flows divided into three sections? What does each section tell you about the operations of a company?

  First fiscal period of the combination

which one of the following accounts would not appear on the consolidated financial statements at the end of the first fiscal period of the combination?

  Prepare a journal entry with a straight line method

A company issued 10%, 10 year bond payable with a par value of 720,000. The bonds were issued for 817,860 cash, which provided the holders an annual yield of 8%. Prepare a journal entry with a straight line method for the first semiannual interest..

  Identify and analyze the effect of these transactions

Identify and analyze the effect of these transactions.

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