User Account

All Pages

What is the value of ending inventory using variable costing

Assignment Help Managerial Accounting
Reference no: EM132938880

Question - Given

Fixed Manufacturing Overhead $180,200

Divided by units produced 53,000

Fixed Manufacturing Overhead per unit $3.40

Direct Material per unit 4.00

Direct Labor per unit 4.00

Variable Manufacturing Overhead per unit 3.00

Cost per unit $14.40

Shovels produced 53,000

Shovels sold (48,270)

Shovels in ending inventory 4,730

Cost per unit $14.40

Value of ending inventory $68,112

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

Reference no: EM132938880

Questions Cloud

How much is the net realizable value of accounts receivable : Smithson estimates that 5% of accounts receivable will prove to be uncollectible. How much is the net realizable value of accounts receivable at year end
How much is the increase in inventory : Goods purchased in transit, FOB destination. Invoice price P32,000 which included a freight charge of P1,000. How much is the increase in inventory
How many rights will be required to buy a share : Myers Inc. currently has 4,450,000 shares outstanding, and they trade at a price of $57.53. How many rights will be required to buy a share
Discuss way to improve the response to the type of incident : What protocols were implemented successfully, and which were unsuccessful? Discuss way to improve the response to this type of incident in the future.
What is the value of ending inventory using variable costing : Fixed Manufacturing Overhead per unit $3.40 and Divided by units produced 53,000. What is the value of ending inventory using variable costing
What resources were deployed for the incident : What resources were deployed for this incident? What protocols were implemented successfully, and which were unsuccessful?
Calculate the net present value of the system : he initial investment will be $35,000. Calculate the net present value of the system that the law firm's weighted average cost of capital is 12%
What is a definition of family : What is a definition of family that encompasses the different family structures prevalent today? Discuss the importance of acknowledging nontraditional family
Determine and discuss the appropriate accounting treatment : Determine and discuss the appropriate accounting treatment according to the applicable Singapore Financial Reporting Standards

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How many units did produce

Net income under variable costing was $9000 and $11000 under absorption costing last year. EKP sold 25500 units. How many units did it produce?

  Prepare any necessary adjusting journal entry as of december

For each transaction, prepare any necessary adjusting journal entry as of December 31 (or any other applicable date provided).

  Complete variance analysis for cogs by indicating variance

Based on the information given, run a complete variance analysis for COGS by indicating variance conditions for each of the COGS variance components.

  Solve net present value of this investment opportunity

Oakmont Company, Calculate the net present value of this investment opportunity. (Round your final answer to the nearest whole dollar amount.)

  Analyse the practical use of accounting information

Evaluate the role of management accounting systems and the provision of accounting information in the innovation process of these two companies

  Calculate specific change in income for only special order

A Snider, lnc., which has excess capacity, If the special order is accepted, calculate the specific change in income for only the special order.

  What is the time needed to produce the frame

David's Picture manufactures various picture frames. What is the time needed to produce the 16th frame using the incremental unit-time method?

  What estimate of needed manufacturing supplies for december

Using these data and the high-low method to develop a cost estimating equation, what the estimate of needed manufacturing supplies for December

  Satu company, a merchandiser recently completed

1.Satu Company, a merchandiser, recently completed its 2013 operations. For the year, (1) all sales are credit sales,

  Which appropriate cost equation based on regression output

Which appropriate cost equation based on regression output? Delivery costs = $366.39 + $0.58 X1, where X1 is the number of cargos.

  Determine contribution margin percentage

Use this information to determine FY 2018 Contribution Margin Percentage. Enter percentage to one decimal place. (example enter 35.5% as 35.5)

  Determine the potential staff reduction

Determine the potential staff reduction and calculate the potential annual cost savings from electronic processing of 50% of the accounts payable checks.

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