User Account

All Pages

What is the fixed overhead absorption rate per unit

Assignment Help Financial Accounting
Reference no: EM133104713

Question 1 - The following data is available for period 9. Opening inventory 10,000 units

Closing inventory 8,000 units

Absorption costing profit $280,000

What would be the profit for period 9 using marginal costing?

A. $278,000

B. $280,000

C. $282,000

D. Impossible to calculate without more information

Question 2 - A company had opening inventory of 48,500 units and closing inventory of 45,500 units. Profits based on marginal costing were $315,250 and on absorption costing were $288,250. What is the fixed overhead absorption rate per unit?

A. $5.94

B. $6.34

C. $6.50

D. $9.00

Reference no: EM133104713

Questions Cloud

Calculate the annual compound growth rate : Calculate the annual compound growth rate of the house price from the time the house was sold to Mark and Ann Kington in 2000, until the house was sold
Prepare a tax return for an entity : Prepare a tax return for an entity and Calculate taxes for an individual, a trust and a company - Advise both Cynthia and Andreas on the CGT consequences
What would be the journal entry to record this transaction : On January 1, John Write invested $10,000 to begin his computer services consulting firm. What would be the journal entry to record this transaction
Identify whether the item is an asset or liability : In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense
What is the fixed overhead absorption rate per unit : Profits based on marginal costing were $315,250 and on absorption costing were $288,250. What is the fixed overhead absorption rate per unit
How much money did lee originally deposit on january : On January 1, 2017, the deposit has accumulated to $16,730. How much money did Lee originally deposit on January 1, 2010
Prepare a classified balance sheet as of december : These items are taken from the financial statements of Blossom Company for 2022. Prepare a classified balance sheet as of December 31, 2022
Is mike under any delusions : Mike sees no reason why he should have to pay state income tax on his player's salary. Is Mike under any delusions? Explain
How much money should you put in a savings account : If you want to have $412,339 in 17 years, how much money should you put in a savings account today? Assume that the savings account pays you 4.0 percent

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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