Solution-What amount of fixed overhead is deferred to a

What amount of fixed overhead is deferred to a future period

Assignment Help Accounting Basics

Reference no: EM132563374

Question - Obama Company sells its product for $29 per unit. During 2020, it produced 27500 units and sold 15000 units (there was no beginning inventory). Costs per unit are: direct materials $8, direct labour $7, and variable overhead $6. Fixed costs are: $330000 manufacturing overhead, and $110000 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period?

a. $137500

b. $150000

c. $180000

d. $330000

Reference no: EM132563374

Questions Cloud

Compute the portion of the elimination entry : Compute the portion of the elimination entry at the time of consolidation to account for any required adjustment to the sales account

Find what is the expected profit of granting credit : Find What is the expected profit of granting credit? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations.)

Compute the income under variable costing : Sales were 24 units in 2018, 20 units in 2019, and 28 units in 2020. Compute the income under variable costing for 2019

Find what will be change in the firm total monthly profits : If the interest rate is 1.5% per month, what will be the change in the firm's total monthly profits on a present value basis if credit offered to all customer

What amount of fixed overhead is deferred to a future period : Obama Company sells its product for $29 per unit. During 2020, it produced 27500 units, what amount of fixed overhead is deferred to a future period

How much can company y deduct from the bill : How much can company Y deduct from the bill if it pays on day 20? How many extra days of credit can company Y receive if it passes up the cash discount?

Qualitative risk assessment : Imagine that you are a member of a project team that has been charged with developing a new product for the residential building industry.

Prepare the journal entry to record the retirement of bonds : A company previously issued $2,000,000, 10% bonds, receiving a $120,000 premium. Prepare the journal entry to record the retirement of these bonds

What are the expected cash collections in months : On average, What are the expected cash collections in months 3 and 4? (Enter your answers in whole dollars not in thousands of dollars.)

User Account

All Pages

What amount of fixed overhead is deferred to a future period

Reference no: EM132563374

Reference no: EM132563374

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT