What is the variable cost of goods sold per unit

Assignment Help Financial Accounting
Reference no: EM132661038

Excerpt from Andersen Corporation

Per Unit Per Month

Selling price $ 70,000

Direct materials 14,000

Direct labor $ 29,000

Fixed manufacturing overhead 43,500

Fixed selling and administrative expenses 18,125

                          April               May                     June

Beginning inventory 0                    0                    10

Units produced          50                   50               50

Units sold                    50                 40                   60

Ending inventory           0                     10                   0

Problem 1: Assume that variable costing is used and that direct labor is treated as a variable cost. What is the variable cost of goods sold per unit?

Option 1: $781.60

Option 2: $1,730.00

Option 3: $14,580.00

Option 4: $15,450.00

Reference no: EM132661038

Questions Cloud

How much of the expense can Firm L deduct under Section : How much of the expense can Firm L deduct under Section 179 if its taxable income before the deduction was $1,400,000? (Assume that $1,000,000 is available)
Find what of the manufacturing costs are fixed : Pepita Manufacturing Company makes parts for the automobile industry, during August 2020. What of the manufacturing costs are fixed?
Define fonterra shareholders and stakeholders : Define fonterra's shareholders and stakeholders. What are some of the environmental issues associated with the company?
Successful development and implementation of public policies : You learned about how both politics and administration are required for the successful development and implementation of public policies
What is the variable cost of goods sold per unit : Assume that variable costing is used and that direct labor is treated as a variable cost. What is the variable cost of goods sold per unit?
Leadership implications of embracing diversity : Discussing the leadership implications of embracing diversity and inclusion in the workplace.
What are the tax consequences of the sale of realty : Heron Company purchases commercial realty on November 13, 2001, for $650,000. What are the tax consequences of the sale of realty
What are some emerging issues in leadership : What are some emerging issues in leadership? Discuss some alternatives to leadership. Answer this question in detail
Framework for accomplishing homeland security : Critique the four goals that create the framework for accomplishing homeland security.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd