User Account

All Pages

What amount will be reported for cost of goods sold

Assignment Help Managerial Accounting
Reference no: EM132529060

Synergy Manufacturing expects to sell 22,000 air filters for $12 each. Direct materials costs are $3, direct manufacturing labor is $4, and manufacturing overhead is $0.84 per pool cue. The following inventory levels apply to 2019:

                                                   Beginning inventory                           Ending inventory

Direct materials                         33,000 units                               33,000 units

Work-in-process inventory             0 units                                      0 units

Finished goods inventory                 1,400 units                            2,500 units

Question a) On the 2019 budgeted income statement, what amount will be reported for sales?

Question b) How many air filters need to be produced in 2019?

Question c) On the 2019 budgeted income statement, what amount will be reported for cost of goods sold?

Reference no: EM132529060

Questions Cloud

What is potential gain or loss if your expectation : Tinker Spy Corp. has a high-yield junk bond with the following features:
Describe a future sustainable industrial system : Describe a future sustainable industrial system in terms of the stages in the product lifecycle from raw material extraction through manufacturing and use to di
How managerial accounting information is used : Evaluating employee performance and making strategic decisions are two examples of how managerial accounting information is used.true/false
What is budgeted variable overhead cost rate per output unit : What is the budgeted variable overhead cost rate per output unit? Harvest Farms Inc. produces fertilizer and distributes the product by using company trucks.
What amount will be reported for cost of goods sold : On the 2019 budgeted income statement, what amount will be reported for cost of goods sold? How many air filters need to be produced in 2019?
Can tv offer the market price : Calculate the unit cost per 30 inch LCD under new Activity Based cost (ABC) system and under the old cost accounting system.Can TV offer the market price?
What you can possibly do to strengthen the policy : Elaborate on why the policy matters and what you can possibly do to strengthen the policy? Briefly define the role you would play as an advocate for.
Implementing energy saving measures : Implementing Energy Saving Measures - analyse the energy related time series data from a non domestic building and to produce a technical report
Presentation regarding foundations of business communication : An oral presentation is one of the most important skills in business communication. Create a presentation regarding Foundations of Business communication

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd