User Account

All Pages

What is unit product cost for month under variable costing

Assignment Help Accounting Basics
Reference no: EM132557220

Question - F Company, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $108

Units in beginning inventory 0

Units produced 7,700

Units sold 7,500

Units in ending inventory 200

Variable costs per unit:

Direct materials $26

Direct labor $38

Variable manufacturing overhead $3

Variable selling and administrative $4

Fixed costs:

Fixed manufacturing overhead $184,800

Fixed selling and administrative $90,000

Required -

A. What is the unit product cost for the month under variable costing?

B. What is the net operating income for the month under variable costing?

Reference no: EM132557220

Questions Cloud

Prepare the journal entries for december on the books : Prepare the journal entries for December on the books of the consignor, assuming that Gross profits on consignment sales are not determined separately.
How much is the final withholding tax on certain income : Prize in sports tournament sponsored by a group of businessmen promoting health products 50,000. How much is the final withholding tax on certain income
What is the company cost of equity-fish inc : Fish Inc. promises to pay an annual dividend of $5 on its common stock in one year, and its dividend will grow by 3 percent
Compute the inventory value of the units unsold : Compute the inventory value of the units unsold in the hands of the consignee. Compute the amount of cash that will be remitted by the consignee.
What is unit product cost for month under variable costing : What is the unit product cost for the month under variable costing? What is the net operating income for the month under variable costing
What is the arithmetic return for the stock : A stock has had returns of -5 percent, 12 percent, 38 percent, 18 percent, and 21 percent over the last five years.
What is current stock? price-kms corporation : KMS Corporation has assets with a market value of ?$552 ?million, ?$39 million of which are cash.
Prepare jansen entry when the cash is received : Prepare Jansen's entry when the cash is received. Jansen Corporation shipped $20,000 of merchandise on consignment to Gooch Company.
What should be scheduled production for the third quarter : The ending inventory of finished goods for each quarter should equal 25% of the next quarter's budgeted sales in units. What Should be Scheduled production

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the present value of the future cash inflows

If the discount rate is 6%, what is the present value of the future cash inflows

  Exist because of a merger or bankruptcy

When a database eliminates companies that cease to exist because of a merger or bankruptcy, this can result in: A. look-ahead bias.

  Venture capitalists are wealthy individuals

Venture capitalists are wealthy individuals who provide capital to new companies.

  Compute the book value per common share

Key comparative figures for Polaris and Arctic Cat follow.

  Discuss a payment of salaries and wages expense

Andrew Clark Company discovered the following errors made

  What is the difference between a merger and an acquisition

Consider FASB standards for mergers and acquisitions by not-for-profit organizations. Answer the following questions.

  Explain the concept of depreciation

Explain the concept of depreciation. Which of following depreciation methods would you recommend: straight-line depreciation, double declining balance method

  Policy of not paying dividends

Assume that Cracker Barrel, from Problem 20, wants to continue with its policy of not paying dividends. You are the CEO of Cracker Barrel and have been confronted by dissident stockholders, demanding to know why you are not paying out your FCFE

  Calculate profitability and credit risk ratios for company

Calculate profitability and credit risk ratios for both your companies. For your profitability analysis, you should calculate ratios such as ROE

  Compute the bank reconciliation

Compute the bank reconciliation ,NSF Checks returned were $5,200, outstanding checks were $25,820.52, Service charges were $31.13

  Compute cost assigned to ending inventory using fifl

Compute the cost assigned to ending inventory using(1) FIFL, (2) LIFO, (3) specific identification units sold consist of 95 unitsfrom beginning inventory, 175 from a February 10 purchase.

  Compute net cash provided by operating activities

Kingbird Beverage Company reported the following items in the most recent year. Compute net cash provided by operating activities

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