Business, 07.04.2020 02:47 valoiserika1229
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 35 Selling and administrative $ 13 Fixed costs per year: Production $ 96,320 Selling and administrative $ 84,760 Last year, 6,020 units were produced and 5,920 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: a. the same as absorption costing. b. $5,920 greater than under absorption costing. c. $5,920 less than under absorption costing. d. $1,600 less than under absorption costing.
Answers: 1
Business, 23.06.2019 02:20, J3ak06
Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?
Answers: 1
Business, 23.06.2019 19:10, izabellehannah7165
Suppose you own a bicycle but haven't found the time to ride it much lately. these days, it is only worth $25 to you. one of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. he offers you $70 for the bicycle, and you gladly accept. your friend is also happy because he thinks the bicycle is worth $95 . how much total value was created from this trade? $
Answers: 3
The Southern Corporation manufactures a single product and has the following cost structure: Variabl...
Mathematics, 09.04.2021 20:00
Mathematics, 09.04.2021 20:00
Mathematics, 09.04.2021 20:00