Solution-What is the value of ending inventory using

What is the value of ending inventory using variable costing

Assignment Help Cost Accounting

Reference no: EM132793554

Question - Hiroole Manufacturing produces snow shovels. The selling price per snow shovel is $27.00. There is no beginning inventory.

Costs involved in production are:

Direct material $5.00

Direct labor 5.00

Variable manufacturing overhead 2.00

Total variable manufacturing costs per unit $12.00

Fixed manufacturing overhead per year $237,360

In addition, the company has fixed selling and administrative costs of $157,500 per year. During the year, Hiroole produces 51,600 snow shovels and sells 46,480 snow shovels. The value of ending inventory using full costing? (in dollars) 84,992.00

What is the value of ending inventory using variable costing?

Reference no: EM132793554

Questions Cloud

What would be the total fixed costs after the increase : The sales volume necessary to breakeven would go up to $975,000. Based on these projections, what would be the total fixed costs after the increase of $78,750

Describe the factors that made this an excellent experience : Think of an experience where you received or observed excellent quality. You may have had this experience as a customer, as a patient, as a provider

Create strategic plan : What are the elements needed to create a strategic plan, and what are the benefits of each?

What signs to watch for when working in helping professions : What are some signs to watch for when working in the helping professions that might indicate that you or a colleague may be experiencing burnout?

What is the value of ending inventory using variable costing : In addition, the company has fixed selling and administrative costs of $157,500 per year. What is the value of ending inventory using variable costing

What ethical standards apply to the scenario and why : Dr. Belle is a licensed psychologist, who practices in the areas of adults and geriatrics. She primarily treats adults for mood and anxiety disorders.

What is the average cash balance : On each of this dates, it expects to receive P80 million. Cash expenditures are expected to be steady throughout. What is the average cash balance

List 5 transferable skills from military to civilian : List 5 transferable skills from Military to Civilian with examples.

How would choose to work with communities : Explain how you would choose to work with individuals if you selected micro practice. Explain how you would choose to work with communities

User Account

All Pages

What is the value of ending inventory using variable costing

Reference no: EM132793554

Reference no: EM132793554

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT