User Account

All Pages

What is the ending balance in finished goods inventory

Assignment Help Managerial Accounting
Reference no: EM133037978

Question - Mackenzie, Inc. has collected the following data. (There are no beginning inventories.)

Units produced 700 units

Sales price $120 per unit

Direct materials $50 per unit

Direct labor $15 per unit

Variable manufacturing overhead $6 per unit

Fixed manufacturing overhead $19,800 per year

Variable selling and administrative costs $5 per unit

Fixed selling and administrative costs $18,400 per year

Required - What is the ending balance in Finished Goods Inventory using absorption costing if 500 units are sold?

Reference no: EM133037978

Questions Cloud

What quantity of figurines will result in an EBIT : If the store refuses to pay more than $8.00 per unit but is willing to negotiate? quantity, what quantity of figurines will result in an EBIT of $4,000?
Currently limits the effectiveness of leadership : Describe how it currently limits the effectiveness of your leadership. Set a goal for improvement with specific actions items to change your behavior
Different customer service needs and expectations : What are three reasons a business may choose to join industry schemes and/or align with industry codes of conduct - current service trends and changes
Discussion and analysis on hbo and netflix : Provide an IN-DEPTH DISCUSSION AND ANALYSIS on HBO and Netflix and how they are similar and different.
What is the ending balance in finished goods inventory : Fixed selling and administrative costs $18,400 per year. What is the ending balance in Finished Goods Inventory using absorption costing if 500 units are sold
Discuss the complaints handling procedure making : Demonstrate the knowledge required for this topic in relation to the hospitality industry and your workplace - Discuss the attitudes and attributes
What is the direct labor rate variance : If 3,100 units required 6,300 hours at an hourly rate of $18.43 per hour, what is the direct labor (a) rate variance, (b) time variance
Prepare the investor journal entry to record the receipt : On October 31, Augustas Co. received cash dividends of $0.15 per share. Prepare the investor journal entry to record the receipt
Calculate the company break-even point in unit sales : Pierce Phones is considering the introduction of a new model of headphone whose selling price is $25 per unit. Calculate company break-even point in unit sales

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