What was the total conversion cost for last year

Assignment Help Managerial Accounting
Reference no: EM132624810

Clock Tower Company produces wall clocks. It has the following per unit costs:

Direct materials: $15

Direct labour $ 6

Manufacturing overhead $19

Last year Clock Tower Company produced and sold 1,000 clocks at a price of $75 each. Total selling and administration cost was $30,000.

Required:

Problem 1: What was the total conversion cost for last year?

A. $21,000

B. $25,000

C. $51,000

D. $55,000

Reference no: EM132624810

Questions Cloud

What total predicted transport cost of the factory will be : Next month 120 deliveries are predicted. The total predicted transport cost of the factory will be? The cost formula for total transport cost in a factory
Role of health care information systems : Your specific assignment for this module is to select a health care organization for your project and have it approved by your professor.
Integral part of the grand story of christian scripture : In this course, we are learning that the stories in Exodus and Deuteronomy are an integral part of the grand story of Christian Scripture.
Evaluate the causes of stroke : Evaluate the causes of stroke. Discuss the differences between transient ischemic attack and cerebrovascular accidents (CVA). Discuss the types.
What was the total conversion cost for last year : What was the total conversion cost for last year? Last year Clock Tower Company produced and sold 1,000 clocks at a price of $75 each.
Prepare selling and administrative expense budget for july : Determine the cash disbursement for manufacturing overhead for September. Prepare the selling and administrative expense budget for July.
Summarizing the opportunities and threats of your company : Prepare a 2-3-page double-spaced report, summarizing the opportunities and threats of your Company not only implementing this request by the CEO to the Cloud.
How much cash does dix expect to collect in april : How much cash does Dix expect to collect in April? Show your solution. 70% of its sales in the month of sales and 30% in the following month.
Describe the controls that an organization can employ : Required - Describe the controls that an organization can employ to deal with kickbacks. Classify each control as preventive or detective

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the predetermined overhead rate for the year

Prepare the adjusting journal entry to close out the overapplied or underapplied overhead, assuming that the amount is immaterial.

  What is the estimated ending inventory

What is the estimated ending inventory utilizing the gross profit method.

  Compute net cash provided by operating activities

Compute net cash provided by operating activities using the direct method - Assume that accounts payable related to operating expenses

  Discuss how you computed the value

Discuss how you computed the value and explain its use in evaluating operational results - categories require management attention as a priority

  Identify three social responsibilities of johnson limited

Identify three social responsibilities of Johnson Limited.Johnson Limited is a sugarcane factory that operates in a small community of St. Clair.

  What did you learn about the field of managerial accounting

What other information is important for making managerial accounting decisions? What did you learn about the field of managerial accounting that might help you to excel in your profession?

  Find what were standard hours allowed for units produced

If the labour price variance was $21,965 favourable, what was the actual rate per hour? (Round answer to 2 decimal places, e.g. 15.25.)

  Show a schedule of cost of goods manufactured

Make a schedule of cost of goods manufactured. Calculate cost of goods sold.PT. ABC manufactures Corned Beans. Here are the January 2020

  Compute the activity overhead rates using abc

Determine overhead cost to assign to the following jobs using ABC. What is the overhead cost per unit for job 3175? What is the overhead cost per unit

  Demonstrate will also necessarily achieve high profitability

Demonstrate will also necessarily achieve high profitability? Explain your answer. The senior management team has identified the strategic priorities.

  Find and calculate trailer return on investment

Find and calculate Trailer's return on investment (ROI) and residual income. Explain what each calculation of ROI and RI means for Trek.

  How to compute the contribution margin for the current year

How to Compute the contribution margin for the current year and the projected year, and the fixed costs for the current year.

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