Ttf inc which just began this year has the following

Assignment Help Accounting Basics
Reference no: EM13598001

TTF, Inc., which just began this year, has the following information about JJl, the only product that it produces and sells. JJl sells for $25 per unit. During the current year, 20,000 units of JJl were sold. During the period, TTF manufactured 22,000 units of JJl. The following costs were available: variable costs per unit: direct materials-$8; direct labor-$4; variable manufacturing overhead-$2; variable selling-$3. The indirect fixed costs for TTF were manufacturing costs $55,000 and marketing $33,000. What is the income for the period under variable costing?

Reference no: EM13598001

Questions Cloud

Using the cost formula you derived above what amount of : the lakeshore hotels guest-days of occupancy and custodial supplies expense over the last seven months were month
Accounts receivable from sales transactions were 45859 at : accounts receivable from sales transactions were 45859 at the beginning of the year and 61749 at the end of the year.
Short-term debt at december 31 is 4 million the treasurer : 1. jasper inc. has a december 31 year-end. a. current assets are 30 million. b. current accrued liabilities are 9
Classify each of the activities above as either a : 1. receive raw materials from suppliers.2. manage parts inventories.3. do rough milling work on products4. interview
Ttf inc which just began this year has the following : ttf inc. which just began this year has the following information about jjl the only product that it produces and
Whicher corporation had three products in its ending : 1. whicher corporation had three products in its ending inventory at december 31 2010. whicher corporation considers a
Nixon amp ross bills clients 150 percent of the total costs : nixon amp ross a law firm is about to install a new accounting system that will allow the firm to track more of the
A corporation has 79105 shares of 27 par value stock : a corporation has 79105 shares of 27 par value stock outstanding that has a current market value of 359. if the
Based on the following data for the current year what is : based on the following data for the current year what is the accountsreceivable turnover? net sales on account during

Reviews

Write a Review

Accounting Basics Questions & Answers

  Martin software has 92 percent coupon bonds on the market

martin software has 9.2 percent coupon bonds on the market with 18 years to maturity. the bonds make semiannual

  Benton and orton are partners who share income in the ratio

benton and orton are partners who share income in the ratio of 13 and have capital balances of 70000 and 30000

  Cutting edge corp produces sporting equipment in 2012 the

cutting edge corp. produces sporting equipment. in 2012 the first year of operations cutting edge produced 25000 units

  Prepare a brief performance report for the ceo utilizing

the ceo of star coffee is interested in reviewing the may 2014 performance report for cost center 7-11. prepare a brief

  Set up t-accounts for both bad debts expense

LaFond Company analyzes its accounts receivable at December 31, 2010, and arrives at the aged categories below along With the percentages that are estimated as uncollectible.

  Solar products purchased a computer for 13000 on july 1

solar products purchased a computer for 13000 on july 1 2010. the company intends to depreciate it over 4 years using

  Calculate the amount of debt and equity that would be

charter enterprises currently has 1 million in total assets and is totally equity financed. it is contemplating a

  Increase the balance of an expense account

If the effect of the debit portion of an adjusting entry is to increase the balance of an expense account, which of the following describes the effect of the credit portion of the entry?

  Complete the cash basis income statement

Received $1,000 from customers as deposits on orders ofnew instruments to be sold to the customers in April. Complete the following statement.

  Jose is a graduate assistant at a state university

Jose is a graduate assistant at a State University

  Record the payment of semiannual interset on the bonds

issued a 8000000 of 10 year 7 bonds at 110 withinterest paid semiannually.record the payment of semiannual interset on

  How many units must be sold to break even what is the total

rush company developed the following information for

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