Easton pump company’s planned production for the year just ended was 19,300 units. this production level was achieved, and 20,600 units were sold. other data follow:
direct material used $ 573,210
direct labor incurred 277,920
fixed manufacturing overhead 391,790
variable manufacturing overhead 185,280
fixed selling and administrative expenses 351,260
variable selling and administrative expenses 112,905
finished-goods inventory, january 1 2,200 units
the cost per unit remained the same in the current year as in the previous year. there were no work-in-process inventories at the beginning or end of the year.
required:
1. what would be easton pump company’s finished-goods inventory cost on december 31 under the variable-costing method? (do not round intermediate calculations.)
2-a. which costing method, absorption or variable costing, would show a higher operating income for the year?
2-b. by what amount? (do not round intermediate calculations.)
Answers: 1
Business, 22.06.2019 01:00
Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.
Answers: 3
Business, 22.06.2019 11:40
In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a.esther lost her job and begins looking for a new one.b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work.c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.
Answers: 2
Business, 22.06.2019 14:30
The face of a company is often that of the lowest paid employees who meet the customers. select one: true false
Answers: 1
Business, 22.06.2019 17:00
You hold a diversified $100,000 portfolio consisting of 20 stocks with $5,000 invested in each. the portfolio's beta is 1.12. you plan to sell a stock with b = 0.90 and use the proceeds to buy a new stock with b = 1.50. what will the portfolio's new beta be? do not round your intermediate calculations.
Answers: 2
Easton pump company’s planned production for the year just ended was 19,300 units. this production l...
Biology, 26.03.2021 18:10
Mathematics, 26.03.2021 18:10
Mathematics, 26.03.2021 18:10
Computers and Technology, 26.03.2021 18:10
Chemistry, 26.03.2021 18:10
Mathematics, 26.03.2021 18:10
Mathematics, 26.03.2021 18:10
Chemistry, 26.03.2021 18:10
Geography, 26.03.2021 18:10
Mathematics, 26.03.2021 18:10
History, 26.03.2021 18:10
Biology, 26.03.2021 18:10