User Account

All Pages

What is the value of ending inventory using full costing

Assignment Help Accounting Basics
Reference no: EM133039421

Question - Espresso Manufacturing produces snow shovels. The selling price per snow shovel is $28.00. There is no beginning inventory.

Costs involved in production are:

Direct material $6.00

Direct labor 4.00

Variable manufacturing overhead 4.00

Total variable manufacturing costs per unit $14.00

Fixed manufacturing overhead per year $196,560

In addition, the company has fixed selling and administrative costs of $170,900 per year.

During the year, Espresso produces 50,400 snow shovels and sells 45,390 snow shovels.

Required -

1. What is the value of ending inventory using full costing?

2. What is the value of ending inventory using variable costing?

Reference no: EM133039421

Questions Cloud

Standard style of documentation for written reports : Most schools and businesses require some standard style of documentation for written reports. Discuss why that might be.
Explain the issues of stock-specific risk : Question 1: (i) You are the bond portfolio manager of a UK pension scheme. All of the members of the scheme are resident in the UK.
Calculate the number of days in the cash conversion cycle : Question - Given the following data, calculate the number of days in the Cash Conversion Cycle for Top Dogg Industries
Human resource management : What are Smart Contracts and how might they be applied in human resource management?
What is the value of ending inventory using full costing : During the year, Espresso produces 50,400 snow shovels and sells 45,390 snow shovels. What is the value of ending inventory using full costing
System authorization package : Discuss at least two of the items that must be included in the System Authorization Package.
Discuss by how marketing mix decisions were impacted : In what stage of the new product development process are driverless cars and What challenges are companies such as Google, Apple, Amazon, and Ford facing
Adoption of information technology innovations : Please submit two (2) users stories and five (5) interview questions for members of a small to medium non-profit organization who could possibly be affected by
Introduce team building methods : Introduce team building methods. Explain internal and external dynamics that affect a team, and provide your strategy to handle those dynamics to build an effec

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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