Compute the net income(loss), Financial Accounting

Assignment Help:

information for the year ended December 31, 2010:
Sales 110,000
Direct materials used 20,800
Indirect production costs-fixed 10,400
Indirect production costs-variable 6,600
Direct labor fixed 12,300 Direct labor-variable 22,300
Selling expenses-fixed 33,040
Selling expenses-variable 33,440
Finished goods inventory, January 1, 2010 12,000
Finished goods inventory, December 31, 2010 22,000
Work in process inventory, January 1, 2010 0
Work in process inventory, December 31, 2010 0
Requirements:
A) Compute the Cost of Goods Manufactured for the year ended December 31, 2010.
B) Compute the Cost of Goods Sold for the year ended December 31, 2010.
C) Compute the Net Income(Loss) for the year ended December 31, 2010.


Related Discussions:- Compute the net income(loss)

Lenders evaluation, Lenders'  evaluation:   Current  Assets  to  Current  L...

Lenders'  evaluation:   Current  Assets  to  Current  Liabilities,  Quick  Assets  that is current assets minus inventories to Current Liabilities, Long term Debt to Net Assets, to

Play money assignment, I have this assignment. Is there a cost associated f...

I have this assignment. Is there a cost associated for help?

The expected net present values, A company is considering investing some in...

A company is considering investing some independent proposals, The proposals with their expected net present values and standard deviations are given in the following table.

Npv cash flow model, As discussed earlier, the base case public sector comp...

As discussed earlier, the base case public sector comparator (PSC) will be a benchmark for different project bidding proposals when choosing the preferred bidder to provide the bes

Illustrate management of commercial and political risk, Q. Illustrate Manag...

Q. Illustrate Management of commercial and political risk? Commercial risk comprises both the physical risk that goods in transit may be lost stolen or destroyed as well as the

Paid 5, what is the explanation?

what is the explanation?

Derive the optimal value of loss function, Derive the Optimal Value of Loss...

Derive the Optimal Value of Loss Function A speculative attack and the consequent currency crisis may not be due to excessive money-growth or other misaligned fundamentals, bu

Consolidated cashflow statements, CONSOLIDATED CASHFLOW STATEMENTS (IAS 7) ...

CONSOLIDATED CASHFLOW STATEMENTS (IAS 7) The basic cash flow statement has been covered under Financial Accounting II. The following introduction will serve as a quick reminder.

General limitations of net present value, General limitations of Net Presen...

General limitations of Net Present Value when applied to investment appraisal NPV is a generally used technique employed in investment appraisal but is subject to a number of r

Write Your Message!

Captcha
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