User Account

All Pages

What would be the net income

Assignment Help Accounting Basics
Reference no: EM133188934

Question - Smart Company produced 100,000 units of product and sold 75,000 units at P3.00 per unit in 2021. Variable unit costs are: manufacturing - P1.60; selling - P0.15. Fixed costs for 2021 include P30,000 of fixed manufacturing costs and P41,250 of fixed selling and administrative expenses. What would be the net income for 2021, using absorption costing? What would be the net income for 2021, using variable costing?

Reference no: EM133188934

Questions Cloud

Determine the amount of the adjusting entry : Determine the amount of the adjusting entry to provide for doubtful accounts under each of the assumptions (a through d) listed above
What is ear for a one-year loan with a quoted interest rate : You are looking at a one-year loan of $12,000. The interest rate is quoted as 8.4 percent plus two points. What is EAR for a one-year loan
What is the market capitalization of the company : The company's cash position is €84,000 and its financial and bank debt is €420,000. What is the market capitalization of the company
Did the owner equity of prairie snow removal increase : Prairie Snow removal began 2014 with total assets of $44,000 and total liabilities of $18,000. Did the owner equity of Prairie Snow Removal increase
What would be the net income : What would be the net income for 2021, using absorption costing? What would be the net income for 2021, using variable costing
Determine the standard direct labor hourly rate : Engines Done Right Co. is trying to establish the standard labor cost of a typical engine tune-up. Determine the standard direct labor hourly rate
What interest rate would you need to earn on corporate bond : If your marginal tax rate (including state and federal taxes) is 28.00%, what interest rate would you need to earn on the corporate bond
How much gain or loss does montgomery recognize : His basis in the machine was $150,525 and its fair market value is $200,215. How much gain or loss does Montgomery recognize
Development of emotional intelligence in others : Procedures relevant to organising informal opportunities and tasks. Your assessor will use this as basis for the Observation Form in the next ask

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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