What is the ending balance in Finished Goods Inventory

Assignment Help Accounting Basics
Reference no: EM132591315

Question - Rickman, Inc. reports the following information:

Units produced 610 Units sold 420 units Sales price $160 per unit Direct materials $27 per unit Direct labor $12 per unit Variable manufacturing overhead $13 per unit Fixed manufacturing overhead $17,200 per year Variable selling and administrative costs $4 per unit Fixed selling and administrative costs $14,200 per year

There are no beginning inventories. What is the ending balance in Finished Goods Inventory using variable costing?

Reference no: EM132591315

Questions Cloud

What is the angle of refraction : a) A light ray at a wavelength of 680 nm goes from air (n= 1.000293) to fused quartz (n= 1.458) with an incident angle of 20 degrees
Identify deficiency in patricia eklund participative policy : Identify at least four deficiencies in Patricia Eklund's participative policy for planning and performance evaluation purposes. For each deficiency identified.
Find the tension in the rope on the right : Each end is held up by a vertical rope. A 60 kg box sits 3 m from the left end. Find the tension in the rope on the right.
Spacing between atomic planes : X-rays with a wavelength of 0.085 nm diffract from a crystal in which spacing between atomic planes is 0.18 nm. How many diffraction orders are observed?
What is the ending balance in Finished Goods Inventory : Units produced 610 Units sold 420 units. There are no beginning inventories. What is the ending balance in Finished Goods Inventory using variable costing
How would you use your knowledge of your strengths : If you were to imagine (or if you are currently) a human services professional working with a client population of your choice (e.g., children and families).
How city racquetball club cash management would differ : How City Racquetball Club's cash management would differ from the present if the new membership plan and fee structure were adopted.
Describe the tax consequences of the bonus to Canary : On December 31, 2019, Canary has accrued a $75,000 bonus to Leticia. Describe the tax consequences of the bonus to Canary
What are the advantages of making the change : Your accountant has mentioned changing from a sole proprietor to a corporation. What are the advantages and disadvantages of making this change?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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