Webster''s finish finished-goods inventory, Accounting Basics

Assignment Help:

Webster, Inc. began operations at the start of the present year, having a production target of 60,000 units. Real production totalled 60,000 units, and the company sold 95% of its manufacturing output at $50 per unit. The following costs were earned:

 

Manufacturing:

        Direct materials used                      $240,000

        Direct labor                                      480,000

        Variable manufacturing overhead       360,000

        Fixed manufacturing overhead           600,000

Selling and administrative:

        Variable                                           180,000

        Fixed                                               630,000

 

Required:

A. Suppose the use of variable costing, compute the cost of Webster's finish finished-goods inventory.

B. Calculate the company's contribution margin. Would Webster disclose the contribution margin on a variable-costing income statement or an absorption-costing income statement?

 


Related Discussions:- Webster''s finish finished-goods inventory

Merchandise lists for $5, stion 8 of 20 5.0 Points Merchandise lists f...

stion 8 of 20 5.0 Points Merchandise lists for $5,000 with a trade discount of 10% and terms of 5/30, 3/60, n/90. If the purchaser is invoiced on April 12th and payment is m

Lifo under periodic inventory procedure, Q. LIFO under periodic inventory p...

Q. LIFO under periodic inventory procedure? The LIFO (last-in, firstout) method of inventory costing presume that the costs of the most recent purchases are the first costs cha

Rounding decimals, How do you round up to one decimal point using percentag...

How do you round up to one decimal point using percentages? Example 0.207 Thanks

Hawkeye electric company engaged in the following, Hawkeye Electric Company...

Hawkeye Electric Company engaged in the following transactions during July. Journalize the preceding transactions on the books of Hawkeye Electric Company using the perpetual sys

What is cost of goods sold, Q. What is Cost of goods sold? The second m...

Q. What is Cost of goods sold? The second major division of an income statement for a merchandising business is cost of goods sold. Cost of goods sold is denotes to cost to the

City of Bingham, I need help with the journal entries for chapters 8 & 9 of...

I need help with the journal entries for chapters 8 & 9 of this project.

Peachtree accounting, what are the options of setting up companies chart of...

what are the options of setting up companies chart of account

A bond sinking fund investment is started on january, A bond sinking fund i...

A bond sinking fund investment is started on January 5, 2010, by transferring $10,000 in cash to the fund. This $10,000 is invested and earns $1,100 during 2010. The entry to rec

Describe about borrowed money, Q. Describe about Borrowed money? The co...

Q. Describe about Borrowed money? The company lent USD 6000 from Chaney's father. Chaney signs the note for the company. The note turn off no interest and the company promised

What is comprehensive income and revenues, Q. What is Comprehensive income ...

Q. What is Comprehensive income and Revenues? Comprehensive income is the alter in equity of a business enterprise during a period from transactions and other events and circ

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