please answer within 30 minutes. At the end of the first year of operations, 4,600 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:Direct materials$31.40Direct labor19.60Fixed factory overhead6.00Variable factory overheadDetermine 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 costingVariable costing5.30

Under the absorption costing, fixed factory overhead is treated as a product cost and added to the…

t the end of the first year of operations, 4,600 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials Direct labor Fixed factory overhead ariable factory overhead etermine 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 Wariable costing $31.40 19.60 6.00 5.30

t the end of the first year of operations, 4,600 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials Direct labor Fixed factory overhead ariable factory overhead etermine 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 Wariable costing $31.40 19.60 6.00 5.30

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

On October 25, you plan to purchase a $1,500 computer by using one of your two credit cards. The Silver Card charges 18% interest and calculates interest based on the balance on the first day of the previous month. The Gold Card charges 18% interest and calculates interest based on the average daily balance. Both cards have a $0 balance as of October 1. The closing date is the end of the month for each card. Your plan is to make a $500 payment in November, make a $500 payment in December, and pay off the remaining balance in January. All your payments will be received and posted on the 10th of each month. No other charges will be made on the account. (Round your answers to the nearest cent.) (a) Based on this information, calculate the interest (in $) charged by each card for this purchase. Silver Card Gold Card $7 $ 7.6 X (b) Which card is the better deal and by how much (in $)? The ---Select--- is the better deal by $
PLEASE ANSWER WITHIN 30 MINUTES.
You are given the opportunity to borrow $825 today and must repay $913 in 6 weeks. What is the correct EAR on this loan?
Please answer this question. Prepare a journal entry for purchasing a AFS security for $150000.
10
SOLVE STEP BY STEP IN DIGITAL FORMAT dont use excel, dont use IA 5.28 Find the amount of 18 payments that the anesthetist Joaquín Murillo must make at the beginning of each bimonthly period, if the amount he deposits bimonthly is $1,985. The interest is 15% per year, compounded bimonthly.
Peg Gasperoni bought a $50,000 life insurance policy for $190 per year. Ryan Life Insurance Company sent her the following billing instructions along with a premium plan example: "Your insurance premium notice will be mailed to you in a few days. You may pay the entire premium in full without a finance charge or you may pay the premium in installments after a down payment and the balance in monthly installments of $50. The finance charge will be added to the unpaid balance. The finance charge is based on an annual percentage rate of 18%." If the total policy premium is: $190 290 390 And you put down: Finance Charge $50.00 70.00 95.00 The balance subject to finance charge will be: $140.00 220.00 295.00 $ 4.96 The total number of monthly installments ($30 minimum) will be: Peg feels that the finance charge of $4.35 is in error. a. What is the actual finance charge for the first three months? Note: Round your answer to the nearest cent. 3 5 6 The monthly installment before adding the…
Give me answer within 45 min please I will give you upvote immediately its very urgent ....thankyou....
Tuition of $1219 will be due when the spring term begins in 3 months. What amount should a student deposit today, at 6.47%, to have enough to pay the tuition? The student should deposit $ (Simplify your answer. Round to the nearest dollar as needed.)
Direct Call offers a calling plan that charges $5.00 per month plus $0.02 per minute of call time. Under this plan, what is your monthly cost if you talk for a total of 200 minutes? Select one: O O A. $(1.00) B. $5.00 C. $9.00 D. $4.00
The promissory note includes the due date when you will have to pay for the promised amount. * True O False
You have a Visa credit card account lemi with a 24.99% annual percentage rate calculated on the average daily balance. The billing date is the first day of each month, and the billing cycle is the number of days in that month. Your credit card balance on June 1 was $252. On June 8th you made a $109 purchase. You made another purchase, a $75 gift card, on June 18th. You made a $100 payment on June 28th. Show your work for all parts of the problem. (a) What is the average daily balance for July? (b) What is your finance charge on the account as of July 1st? (c) What is your new credit card balance?