What is the ending balance in finished goods inventory

Assignment Help Financial Accounting
Reference no: EM132978455

Question - Dude Company incurred the following costs while producing 480 ?units: direct? materials, $15 per? unit; direct? labor, $21 per? unit; variable manufacturing? overhead, $17 per? unit; total fixed manufacturing overhead? costs, $7,680?; variable selling and administrative? costs, $9 per? unit; total fixed selling and administrative? costs, $4,320. There are no beginning inventories. What is the ending balance in Finished Goods Inventory using variable costing if 420 units are? sold?

Reference no: EM132978455

Questions Cloud

Describe the characteristics of performance-driven team : Describe the characteristics of performance-driven team. Explain why it is important in understanding the types of motivation when it comes to team performance.
Design and implement a new membership record system : Apply knowledge of data modelling and management concepts to design, develop and critically evaluate an information system within a chosen field of interest
What is the per-unit manufacturing cost : There were no beginning or ending inventories of materials or work-in-process. What is the per-unit manufacturing cost using absorption? costing
Explain why nurses have a responsibility to uphold standard : Explain why nurses have a responsibility to uphold a standard of conduct consistent with the standards governing the profession of nursing at work
What is the ending balance in finished goods inventory : There are no beginning inventories. What is the ending balance in Finished Goods Inventory using variable costing if 420 units are? sold
Identify specific types of fungi : Identify specific types of Fungi that have been used in products we use everyday as well as antibiotics. Include the characteristics
What relationship do goals and objectives have in program : What relationship do goals and objectives have in the program planning process? Define SMART criteria as it relates to writing program objectives.
What amount will be recognized as net accounts receivable : Wilton has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet
What important in selecting different types of interventions : Describe the key factors you believe are most important in selecting different types of interventions to achieve program objectives.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find the balance account investment in associates in cabot

On January 2, 2020, Dove, Inc. At December 31, 2020, the balance account Investment in Associates in Cabot should have a carrying value of?

  How much will business lose during first year of operation

If the banker believes Ahmet will only serve 1000 patients during the first year in business, how much will the business lose during its first year of operation

  Explain the nature of the efficient frontier

Explain the nature of the efficient frontier of these two portfolios. You must clearly state your assumptions

  How to compute the approximate yield to maturity

Compute the approximate yield to maturity. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculation.)

  Find how long must development last to change? decision

Development will take six years and the cost is $216,000 per year. Once in? production, bike is expected.How long must development last to change the? decision?

  Which of the reference groups can be categorized

This group of environmental activists can be categorized under which of the following reference groups? Tim is highly concerned about environmental issues.

  How will the construction of the plant affect gdp

How will the construction of the plant affect GDP? Suppose the plant generates $100,000 in corporate profits this year. Will these profits contribute to GDP? Why or why not?

  Compute the expected balance in accounts receivable

Prepare a schedule of cash collections for May through July and compute the expected balance in Accounts Receivable as of July 31.

  Colbert operates a catering service on the accrual method

Colbert operates a catering service on the accrual method. When must Colbert recognize the income if his accounting methods are selected to minimize income recognition?

  What amount of interest should liddy expense for the year

Liddy Corp. began constructing a new warehouse for its operations during the current year. In the year Liddy incurred interest of $30,000 on a working capital loan, and interest on a construction loan for the warehouse of $60,000. Interest computed o..

  How much would be reported as consolidated net income

Pappy sold Son $100,000 of inventory with a gross margin of 20%. How much would be reported as consolidated net income

  Estimate the value in dollars of the coin

Use your model to estimate the value (in dollars) of the coin in 2035. The value of a certain rare silver dollar was $50,000 in 1980. A price history of silver.

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