User Account

All Pages

What is the value of ending inventory using variable costing

Assignment Help Managerial Accounting
Reference no: EM132833239

Question - Richetti produces stereo speakers. The selling price per pair of speakers is $1,800. There is no beginning inventory.

Costs involved in production are:

Direct material $161

Direct labor $183

Variable manufacturing overhead $107

Total variable manufacturing costs per unit $451

Fixed manufacturing overhead per year $594,000

In addition, the company has fixed selling and administrative costs:

Fixed selling costs per year $200,500

Fixed administrative costs per year $102,400

During the year, Richetti produces 1,500 pairs of speakers and sells 1,200 pairs.

Required - What is the value of ending inventory using variable costing?

Reference no: EM132833239

Questions Cloud

What is cost of goods sold using variable costing : During the year, Richetti produces 1,500 pairs of speakers and sells 1,200 pairs. What is cost of goods sold using variable costing
Describe a computer security threat possible : Describe a computer security threat possible in the health care environment and how can it be managed or prevented
Theoretical frameworks in business ethics : What are the implications of these frameworks for leaders in general and yourself specifically?
Discussion about the big data visualization tools : Several Big Data Visualization tools have been evaluated in this weeks paper. While the focus was primarily on R and Python with GUI tools, new tools are being.
What is the value of ending inventory using variable costing : During the year, Richetti produces 1,500 pairs of speakers and sells 1,200 pairs. What is the value of ending inventory using variable costing
Describe the common type of malware : Cybercriminals use many different types of malware to attack systems. Select one common type of malware listed in this article link and using your own words.
What are examples current events in the world : What are examples current events in the world that revolve around the category of Planning, Controlling and Organizing? Cannot Be Covid 19 Related
What does malware free mean : What does "malware free" mean? How can a user demonstrate that their computer or device is malware free? What are the steps necessary to establish a malware.
Compute the par value per share after the stock dividend : Paid-in capital in excess of par-common stock 24,000. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Find how much will have in account at the end of year five

Suppose you invest $800 into an account that pays 6% interest, compounded annually. How much will you have in this account at the end of year 5?

  What is the value of the ending finished goods inventory

What is the value of the ending Finished Goods Inventory? Other manufacturing overhead was $108,500, excluding indirect labor.

  Define goal congruence in the context of responsibility

Define goal congruence in the context of responsibility accounting, and explain how 'rewards' are related to responsibility accounting

  Find which variable costing useful than absorption costing

Find which Variable costing is more useful than absorption costing for? short-term pricing of products/long-term pricing of products

  What the actual quantity of materials used must be

During November, 10,000 units were produced,If there was an unfavorable usage variance of $18,750 for November, the actual quantity of materials used must be

  What is the rate of return on investment for division a

Division A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating expenses, What is the rate of return on investment for Division A?

  Calculate the direct materials cost variance

Glasses was 1.5 pounds per glass, at a cost of $0.44 per pound. Calculate the direct materials cost variance and the direct materials efficiency variance.

  Which statements is true at the end of the year

Which statements is true at the end of the year? Expected capacity usage 80% of practical capacity. Estimated manufacturing overhead $600,000.

  Evaluate the financial strength of each of the three company

Evaluate the financial strength of each of the three companies BHP Ltd, Santos Ltd and Funtastic Ltd based on evidence presented in the Statement of Cash Flow

  Calculate trendys break-even point in units

Calculate Trendy's break-even point in Totat Revenues. How many units need to be sold to achieve a profit of $72,000? Calculate Trendy's break-even point .

  How businesses can better present financial statements

How businesses can better present financial statements for other businesses or financial institutions. Correlate your current company's product cost design

  What fred net income for tax purposes is equal to

Capital gains of $20,000, capital losses of $12,000, and subdivision e deductions of $3,000. Fred's Net Income For Tax Purposes is equal to

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