Reference no: EM133036012
Question - Uli Manufacturing produces snow shovels. The selling price per snow shovel is $29.00. There is no beginning inventory.
Costs involved in production are:
Direct material $4.00
Direct labor 4.00
Variable manufacturing overhead 2.00
Total variable manufacturing costs per unit $10.00
Fixed manufacturing overhead per year $245,250
In addition, the company has fixed selling and administrative costs of $170,800 per year.
During the year, Uli produces 54,500 snow shovels and sells 49,310 snow shovels.
What is the value of ending inventory using full costing?
What is the value of ending inventory using variable costing?
|
Hr practices for job analysis and design
: What are the best collaborative HR practices for job analysis and design?
|
|
Discuss the options for the allocation of income
: Question - Discuss the options for the allocation of income and loss among partners, including with and without a partnership agreement
|
|
What terms do you use for the contracts
: Make any reasonable assumptions based up your knowledge for any information not given. What terms do you use for the contracts
|
|
Benefits and drawbacks of checks and balances system
: Two of the defining characteristics of the U.S. presidential system are the doctrine of separation of powers and the idea of checks and balances. However, presi
|
|
What is the value of ending inventory using full costing
: In addition, the company has fixed selling and administrative costs of $170,800 per year. What is the value of ending inventory using full costing
|
|
Disadvantages of sole proprietorship
: 1. Corporations are easy and inexpensive to form and to dissolve.
|
|
Discuss the principal elements of control found
: Discuss the principal elements of control found in each type of health care plan: Indemnity Insurance, Service Plans, PPOs, EPOs, POS, Open Panel and Closed Pan
|
|
Assignment on compound interest
: Find the interest earned by the following. Assume 3% interest compounded daily.
|
|
Compute the firm price-earnings ratio
: The company's share price is $12.33 and the company has #20,420 shares outstanding. Compute the firm's price-earnings ratio up to two decimal places
|