The unit fixed manufacturing cost and fixed marketing and

Assignment Help Accounting Basics
Reference no: EM13601113

The following information is available for each unit of the finished product produced and sold:
Sales price
55SR
Variable manufacturing cost
15
Fixed manufacturing cost
10
Variable marketing and administrative cost
4
Fixed marketing and administrative cost
2
The unit fixed manufacturing cost and fixed marketing and administrative cost are based on an estimated volume of 4,000 units produced and sold.
Determine full absorption cost, variable cost, full cost, gross margin, and operating profit per unit.

Reference no: EM13601113

Questions Cloud

A company normally sells its product for 16 per unit : a company normally sells its product for 16 per unit. however the selling price has fallen to 12 per unit. this
Young joon corp is considering marketing two new graphic : young joon corp. is considering marketing two new graphic calculators named speed-calc 4 and speed-calc 5. according to
Comparing thes two companies that are us gaap publiclt : comparing thes two companies that are u.s. gaap publiclt traded dell vs hp what is their net profit margin and debit to
Suppose that ikea the swedish retailer is developing a new : suppose that ikea the swedish retailer is developing a new chair targeted to sell for less than 100 and it is
The unit fixed manufacturing cost and fixed marketing and : the following information is available for each unit of the finished product produced and sold sales price 55sr
An asset costs 102000 and has an expected life of 20 years : an asset costs 102000 and has an expected life of 20 years at which time it will have ascrap value of 16000. the asset
Archer llc owns a blueberry processing plant last month the : archer llc owns a blueberry processing plant. last month the plant generated the following information blueberries
The universal manufacturing company produces a particular : the universal manufacturing company produces a particular product in an assembly line operation. one of the machines
It will cost approximately 3000 to cover a roof with : it will cost approximately 3000 to cover a roof with shingles that have an estimated 20 year life. a better grade

Reviews

Write a Review

Accounting Basics Questions & Answers

  Fairfax company uses weighted-average process costing to

fairfax company uses weighted-average process costing to account for its production costs. direct labor is added evenly

  On january 1 2015 alamar corporation acquired a 40 percent

on january 1 2015 alamar corporation acquired a 40 percent interest in burks inc. for 210000. on that date burkss

  Royer corporation engaged in this transaction retired

royer corporation engaged in this transaction retired long-term debt with cash.indicate which section if any the above

  On january 1 2011 the allegheny corporation purchased

on january 1 2011 the allegheny corporation purchased machinery for 115000. the estimated service life of the machinery

  The potter company reported net income of 225000 for the

the potter company reported net income of 225000 for the current year. depreciation recorded on buildings and equipment

  Problem on cost of goods sold and gross profit rate

At the beginning of the year, Wildcat Athletic had an inventory of $200,000. During the year, the company purchased goods costing $800,000. If Wildcat Athletic reported ending inventory of $300,000 and sales of $1,050,000, their cost of goods sold..

  Journal entry for a company owned land and a building

At November 30 the company owned land and a building. The land cost 24, 000 and now has a value of 32,000. The building's cost of 88,800 is near its current value if sold. The building has an estimated life of 40 years with no residual value. It i..

  You can buy a machine for 108000 that will produce a net

you can buy a machine for 108000 that will produce a net income after operating expanses of 12500 per year. if you

  Ghh inc has two classes of stock authorized 100000 par

ghh inc. has two classes of stock authorized 100000 par preferred and 1.00 par value common. as the begining of 20c 200

  Actual fixed manufacturing overhead costs equaled budgeted

the following information was taken from the annual manufacturing overhead cost budget of center company. variable

  Tylers consulting company has purchased a new 15000 copier

tylers consulting company has purchased a new 15000 copier. this overhead cost will be shared by the purchasing

  What mileage can qualify as deductible

If Alexis uses herpersonal automobile in these activities, what mileage can qualifyas deductible?

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