Reference no: EM133020957
Question - Canarie Manufacturing produces snow shovels. The selling price per snow shovel is $30.00. There is no beginning inventory.
Costs involved in production are:
Direct material $6.00
Direct labor 4.00
Variable manufacturing overhead 2.00
Total variable manufacturing costs per unit $12.00
Fixed manufacturing overhead per year $198,400
In addition, the company has fixed selling and administrative costs of $151,600 per year.
During the year, Canarie produces 49,600 snow shovels and sells 44,100 snow shovels.
What is the value of ending inventory using full costing?
What is the value of ending inventory using variable costing?
Calculate the difference in full costing net income and variable costing net income without preparing either income statement.
Determine the new weighted average cost of capital
: Profits not distributed: $10,000,000 recorded on the company's balance sheet; Determine the new weighted average cost of capital
|
Calculate return on investment
: The following 2013 information is available for leffingwell industries: average assets invested $8,200,000; Calculate return on investment
|
How much money will you have in savings
: You will retire in 15 years and want to increase your contribution each year from Kes1,000 to Kes 2,000 per year, How much money will you have in savings
|
What is the nominal annual rate
: Question - If you pay $7350 in interest on $245 000 principal for 9 months, what is the nominal annual rate
|
What is the value of ending inventory using full costing
: In addition, the company has fixed selling and administrative costs of $151,600 per year. What is the value of ending inventory using full costing
|
How much is the adjustment on the reported net income
: All the assets of Tin were fairly valued, except for equipment, which is overstated by P30,000. How much is the adjustment on the reported net income
|
Describe the mechanisms and organizational dynamics involved
: Organizational agility in a dynamic environment: Why it is important How it works (describe the mechanisms and organizational dynamics involved)
|
What is the IRR for this project
: You will be able to reduce working capital by $60,000 (This is a one-time reduction). If the tax rate is 35%, what is the IRR for this project
|
Create a strategy that would help mitigate challenges
: Discuss three inventory factors that you believe could present problems for a business. Next, create a strategy that would help mitigate these challenges.
|