Business, 12.03.2020 03:27 thompsonmark0616

Iagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced 600 units Sales price $ 150 per unit Direct materials $ 50 per unit Direct labor $ 11 per unit Variable manufacturing overhead $ 8 per unit Fixed manufacturing overhead $ 18 comma 600 per year Variable selling and administrative costs $ 5 per unit Fixed selling and administrative costs $ 11 comma 200 per year What is the ending balance in Finished Goods Inventory using variable costing if 500 units are sold? A. $ 6 comma 100 B. $ 5 comma 000 C. $ 1 comma 900 D. $ 6 comma 900

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 12:40

Acompany has $80,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. experience suggests that 6% of outstanding receivables are uncollectible. the current credit balance (before adjustments) in the allowance for doubtful accounts is $1,200. the journal entry to record the adjustment to the allowance account includes a debit to bad debts expense for $4,800. true or false

Answers: 3

Answer

Business, 22.06.2019 16:00

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?

Answers: 3

Answer

Business, 22.06.2019 19:50

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)

Answers: 2

Answer

Business, 22.06.2019 22:00

Suppose that a paving company produces paved parking spaces (q) using a fixed quantity of land (t) and variable quantities of cement (c) and labor (l). the firm is currently paving 1,000 parking spaces. the firm's cost of cement is $3 comma 600.003,600.00 per acre covered (c) and its cost of labor is $35.0035.00/hour (w). for the quantities of c and l that the firm has chosen, mp subscript upper c baseline equals 60mpc=60 and mp subscript upper l baseline equals 7mpl=7. is this firm minimizing its cost of producing parking spaces?

Answers: 3

Answer

You know the right answer?

Iagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced 6...

Questions