The level of inventory of a manufactured product has

Assignment Help Accounting Basics
Reference no: EM13567350

The level of inventory of a manufactured product has increased by 8,000 units during a period. The following data are also available:

  • Variable Fixed
  • Unit manufacturing costs of the period $12.00 $5.00
  • Unit operating expenses of the period $ 4.00 $1.50

What would the effect on income from operations if absorption costing is used rather than variable costing?

Reference no: EM13567350

Questions Cloud

The annual return on the stock market during the past 3 : linke motors has a beta of 1.30 the t-bill rate is 3.00 and the t-bond rate is 6.5. the annual return on the stock
The current price of a stock is 50 the annual risk-free : the current price of a stock is 50 the annual risk-free rate is 6 and a 1-year call option with a strike price of 55
If the appropriate required rate of return for adms stock : the current price of adms stock po is 20 and the company is expected to pay a 2.20 dividend next year. if the
Boise corp had a margin of safety of 394000 last month with : boise corp had a margin of safety of 394000 last month with sales revenue of 1120000 and fixed costs of 333960.a.what
The level of inventory of a manufactured product has : the level of inventory of a manufactured product has increased by 8000 units during a period. the following data are
A minimum cash balance of 10000 is required and the cash : elizabeth company is preparing its master budget for the quarter ending march 31. it sells a single product for 20 a
Project management dissertation can you help in deciding a : can you help in deciding a project management dissertation topic for a person who have an engineering grade level
T-log atlantic video atlantic video a small video rental : atlantic video atlantic video a small video rental store in philadelphia is open 24 hours a day anddue to its proximity
T-log atlantic video atlantic video a small video rental : atlantic video atlantic video a small video rental store in philadelphia is open 24 hours a day anddue to its proximity

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem on journalize the entries

On January 1, 20xx, alpha Corporation isuued $800,000 of 10%, 30-year bonds to lenders at par (100). Interest is to be paid semiannually on July 1 and January 1. Journalize the following entries.

  Warrants exceeds the average market price

In the diluted earnings per share computation, the treasury stock method is used for options and warrants to reflect assumed reacquisition of common stock at the average market price during the period. If the exercise price of the options or warra..

  Prepare the journal entry to record payment

Prepare the April 1, 2012, journal entry for Prince Company - Prepare the journal entry to record this payment.

  What amount of equity income would starge

Starge Inc. owns 30% of the outstanding voting common stock of Ticker Co. and has the ability to significantly influence the investee's operations and decision making.

  Annual reporting periods

What were the company's two largest current liabilities at the end of its 2 most recent annual reporting periods?

  Accounting entity to convert cash invested

The basis for classifying assets as current or non-current is the period of time normally required by the accounting entity to convert cash invested in:

  A tax credit produces a tax benefit

A tax credit produces a tax benefit only to the extent of the effective tax rate in the taxpayer's top bracket multiplied by the amount of the credit

  Problem relating to revenue cycle

The following documents are used in the revenue cycle: - Customer order - Sales order - Sales invoice - Credit memo

  Hamilton company of control policies

Identify the components of internal control to which each policy or procedure relates. For each item, identify one other policy or procedure for that internal control component that is not on the preceding list.

  Determining the gain or loss

On November 28, 2010, she sold 48 shares, which could not be specifically identified, for $576 and on December 8, 2010, she sold another 25 shares of $188, What was her recognized gain or loss?

  Recording assets under ifrs

Converse corp sold 100,000 bond at 95 and incurred 3,000 of bond issuance costs. Which of the following statements is correct assuming converge reports under IFRS?

  Explain the rationale for recognizing costs as expenses at

an accountant must be familiar with the concepts involved in determining earnings of a company. the amount of earnings

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