User Account

All Pages

What was the net income using direct and variable costing

Assignment Help Managerial Accounting
Reference no: EM133014411

Question - ABC Corporation had income of $60,000 using absorption costing. Beginning and ending inventories were 13,000 and 8,000 units, respectively. The fixed manufacturing overhead cost was $4.00 per unit. What was the net income using direct and variable costing?

Reference no: EM133014411

Questions Cloud

Explain the concepts of local currency : Question - Explain the concepts of Local Currency, Functional Currency and Presentation Currency with suitable examples
What is the amount of big ben cost of goods sold : Big Ben's functional currency is the U.S. dollar. What is the amount of Big Ben's cost of goods sold that will be included in the current year's
Identify a situation of hegemonic struggle : Identify a situation of hegemonic struggle that you see in the movie and that you use the terms resistance and incorporation to describe how that hegemonic
Identifying competitive advantage : Please explain how to acquire information for evaluating your competition and for identifying your competitive advantage!
What was the net income using direct and variable costing : The fixed manufacturing overhead cost was $4.00 per unit. What was the net income using direct and variable costing
Operational decisions made in the army : How are strategic, tactical, and operational decisions made in the Army? Make sure to address all three facets while responding to the following questions:
Provide all the pertinent entries : The market price of the shares on date of declaration is 150. Other components of equity 280,000. Provide all the pertinent entries
Make up an example of a monthly demand schedule : Make up an example of a monthly demand schedule for pizza. Give an example of something that would shift this demand curve, and briefly explain your reasoning.
Acceptable cost of doing business : Is paying the advisory fee a bribe or an acceptable cost of doing business in that area of the world? What should the executives do before agreeing to pay the f

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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