subject
Business, 11.03.2020 23:26 Annabeans1105

TB Problem Qu. 6-264 Nelter Corporation, which has only one ... Nelter Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 120 Units in beginning inventory 330 Units produced 6,010 Units sold 6,090 Units in ending inventory 250 Variable costs per unit: Direct materials $ 42 Direct labor $ 24 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 17 Fixed costs: Fixed manufacturing overhead $ 108,180 Fixed selling and administrative expense $ 97,440 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. Prepare a contribution format income statement for the month using variable costing. b. Prepare an income statement for the month using absorption costing.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 22.06.2019 08:10, toxsicity
Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work
Answers: 1
image
Business, 22.06.2019 09:50, niele123
The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?
Answers: 2
image
Business, 22.06.2019 16:50, amayarayne5
Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.
Answers: 1
image
Business, 23.06.2019 11:00, lalaboooobooo
Which of the following is not a benefit typically offered by employers? a. health insurance b. vacation pay c. retirement plans d. guaranteed raises
Answers: 1
You know the right answer?
TB Problem Qu. 6-264 Nelter Corporation, which has only one ... Nelter Corporation, which has only o...

Questions in other subjects:

Konu
Arts, 20.05.2021 21:40