subject
Business, 26.08.2020 16:01 victor49

1) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year 35,000 unitsUnits sold this year 21,000 unitsDirect materials $19 per unitDirect labor $21 per unitVariable overhead $105,000 in totalFixed overhead $175,000 in totalGiven Advanced Company's data, compute cost per unit of finished goods under variable costing. a) $40.00b) $45.00c) $41.88d) $43.00e) $48.002) Given Advanced Company's data, compute cost per unit of finished goods under absorption costing. a) $40.00b) $53.33c) $45.00d) $43.00e) $48.003) Given Advanced Company's data, compute cost of finished goods in inventory under variable costing. a) $672,000b) $1,680,000c) $1,008,000d) $602,000e) $903,0004) Given Advanced Company's data, and the knowledge that the product is sold for $71 per unit and operating expenses are $300,000, compute the net income under absorption costing. a) $70,000b) $113,000c) $210,700d) $183,000e) $288,0005) Given Advanced Company's data, compute cost of finished goods in inventory under absorption costing. a) $672,000b) $1,680,000c) $1,008,000d) $602,000e) $903,000

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 02:00
On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)
Answers: 3
question
Business, 22.06.2019 08:10
What are the period and vertical shift of the cosecant function below? period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up period: ; vertical shift: 1 unit up period: ; vertical shift: 2 units up?
Answers: 3
question
Business, 22.06.2019 11:00
When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement
Answers: 3
question
Business, 22.06.2019 11:40
You are a manager at asda. you have been given the demand data for the past 10 weeks for swim rings for children. you decide to run multiple types of forecasting methods on the data to see which gives you the best forecast. if you were to use exponential smoothing with alpha =.8, what would be your forecast for week 22? (the forecast for week 21 was 1277.) week demand 12 1317 13 1307 14 1261 15 1258 16 1267 17 1256 18 1268 19 1277 20 1277 21 1297
Answers: 3
You know the right answer?
1) Advanced Company reports the following information for the current year. All beginning inventory...
Questions
Questions on the website: 13722359