User Account

All Pages

What is the unit product cost for the month

Assignment Help Managerial Accounting
Reference no: EM13300252

Maga Company, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $ 190



Units in beginning inventory
0
Units produced
3,280
Units sold
3,170
Units in ending inventory
110



Variable cost per unit:

Direct materials $ 49
Direct labor $ 53
Variable manufacturing overhead $ 15
Variable selling and administrative $ 18
Fixed costs:

Fixed manufacturing overhead $ 101,680
Fixed selling and administrative $ 12,680

Required:

a. What is the unit product cost for the month under variable costing?

b. What is the unit product cost for the month under absorption costing?

c. Prepare a contribution format income statement for the month using variable costing.

d. Prepare an income statement for the month using absorption costing.

e. Reconcile the variable costing and absorption costing net operating incomes for the month.

Reference no: EM13300252

Questions Cloud

Explain what is the concentration of the dye mix : Can't make it work. You have 0.035 +/- 0.002 mol of red dye, which you mix (thoroughly) with 25.00 +/- 0.05 mL of water. What is the concentration of the dye mix .001400 +/- .000008 M
Design square column footing for in square tied interior : Design a square column footing for a 18-in square tied interior column that supports a dead load D= 220 k and a live load L=180 k. The column isreinforced with eight bars, the base of the footing is 4 ft below grade
What you think multicultural education : Tell me what you think multicultural education is. How do you implement multicultural education in your classroom? Tell me why you think there is or is not a need for Multicultural Education classes for teachers. Describe the training you have receiv..
Determine the total moment of inertia : Consider a merry-go-round that has the form of a disc with radius 5.5 m and mass 130 kg. what is the total moment of inertia
What is the unit product cost for the month : What is the unit product cost for the month under variable costing and what is the unit product cost for the month under absorption costing?
Explain how simulation works : According to the CAPM, which measurement of a project's risk is relevant? What complications does reality introduce into the CAPM view of risk, and what does that mean for our view of the relevant measure of a project's risk?
Business organization to adopt : What would be the best business organization to adopt for 3 college graduates who wants to manufacture frozen drink machines for home use throughout the Southeast?
Determine the specific heat capacity of the liquid : A piece of glass has a temperature of 85.8° C. Liquid that has a temperature of 43.0° C is poured over the glass, completely covering it, determine the specific heat capacity of the liquid
Explain mixture of co and co2 effuse through the hole : In 2.00 min, 29.8ml of He effuse through a small hole. Under the same conditions of pressure and temperature, 9.85ml of a mixture of CO and CO2 effuse through the hole in the same amount of time. Calculate the percent composition by volume of the ..

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