managerial accounting

What is the cost of goods sold?

Accurate answer

financial acounting

What is the correct option? A B C D ? General accounting question

Summit Electronics manufactures a single product. The company has provided the following data for its most recent month of operations: Number of units produced: 3,800 Variable costs per unit: • Direct materials: $95 Direct labor: $100 • Variable manufacturing overhead: $4 . Variable selling and administrative expense: $10 Fixed costs: • Fixed manufacturing overhead: $152,000 Fixed selling and administrative expense: $290,000 There were no beginning or ending inventories. Compute the absorption costing unit product cost.

The net profit of a company for a year on a variable costing basis is $92,000. On an absorption costing basis, the net profit is $78,800. Fixed manufacturing overhead unit were the same in both the prior costs per and current year (i.e. $1.10 per unit). What was the change in inventory over the year?

Glorious Drinks Co. began the year with net fixed assets of $25,000 and had $27,200 in the account at the end of the year. During the year, the company paid $5,500 in interest and expensed $4,000 in depreciation. The company purchased $10,500 in fixed assets during the year. How many fixed assets did the company sell during the year?

Answer? General accounting