Business, 15.04.2020 20:04 stefanylopez731

At the end of the first year of operations, 5,200 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:

direct materials $35
direct labor $16.80
fixed company overhead $5.60
variable factory overhead $4.90

Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept.

Absorption costing: $

Variable costing: $

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:30, alexanderavrett

Awell-written business plan can improve your chances of getting funding and give you more free time. improved logistics. greater negotiating power.

Answers: 1

continue

Business, 22.06.2019 10:00, dtaylor7755

How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.

Answers: 1

continue

Business, 22.06.2019 10:30, volleyballfun24

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u. s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u. s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u. s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u. s. gaap balances to ifrs.

Answers: 1

continue

Business, 22.06.2019 11:00, risolatziyovudd

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Answers: 1

continue

You know the right answer?

At the end of the first year of operations, 5,200 units remained in the finished goods inventory. Th...