1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Genrish500 [490]
3 years ago
11

Inventory Valuation under Variable Costing

Business
1 answer:
goldenfox [79]3 years ago
5 0

Answer:

1.  Ending inventory = Beginning inventory + Production - Sales

                            = 300 units + 15,000 units - 12,700 units

                            = 2,600 units  

2. Per unit Product Cost Using Variable Costing

                                  $

Direct material         20

Direct labor              60

Variable overhead   <u>12</u>

Product cost          <u> </u><u>92</u>

3.  Value of ending inventory under variable costing

    =  2,600 units x $92

    = $239,200            

                                                                                                             

Explanation:

The units of ending inventory is calculated as beginning inventory plus  production minus sales.

Per unit product cost is the aggregate of variable cost per unit. This includes direct material cost, direct labour cost and variable overhead.

Value of ending inventory is the product of units of ending inventory and per unit product cost.

You might be interested in
An individual who suffers from a self-reference criterion should learn to take into consideration the ________ before making an
tatiyna

Answer: culture of the other country

Explanation:

Self reference criterion is simply influence of an individual's culture on his or her behavior in certain situations. Individuals try as much as possible to respond in a way associated with their culture when faced with certain situations.

An individual who suffers from a self-reference criterion should learn to take into consideration the culture of the other country before making an international marketing decision. This is necessary to Foster good working relationship.

4 0
4 years ago
How often should i take my scuba cylinder to be visually inspected by my dive center?
Bas_tet [7]
<span>You should bring your scuba cylinder to be inspected at least once a week. If for some reason you feel like you are having issues then bring it more frequently. The cylinder is an important tool when going under the water.</span>
4 0
3 years ago
Felinas Inc. produces floor mats for cars and trucks. The owner, Kenneth Felinas, asked you to assist him in estimating his main
dmitriy555 [2]

Answer:

Fixed costs= 510

Explanation:

Giving the following information:

Month Maintenance Expense Machine Hours

1 $ 3,480 2,380

2 3,670 2,480

3 3,850 2,580

4 3,980 2,610

5 3,980 2,460

6 4,400 2,620

7 3,970 2,600

8 3,780 2,570

9 3,500 2,390

10 3,120 2,260

11 2,960 1,650

12 3,240 2,250

To calculate the fixed costs, we need to use the following formulas:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (4,400 - 2,960) / (2,620 - 1,650)

Variable cost per unit= $1.484536

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 4,400 - (1.484536*2,620)

Fixed costs= $510

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,960 - (1.484536*1,650)

Fixed costs= 510

3 0
3 years ago
The basic difference between macroeconomics and microeconomics is:
I am Lyosha [343]

Answer:

The correct answer is option C.

Explanation:

Microeconomics is the branch of economics that studies the behavior of individual economic agents such as a single firm or a single consumer. For instance, it deals with variables such as demand for a single consumer or a supply from a single firm.  

Macroeconomics is that branch of economics that studies the entire economy as a whole. It deals with variables such as inflation, unemployment rate, etc.

3 0
3 years ago
True or false? Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy,
Westkost [7]

Answer:

ture

Explanation:

technology is here to solve your problems

7 0
3 years ago
Other questions:
  • In a jewelry store, a customer places an order for a piece of jewelry (for example, a silver pin in the shape of a tulip). each
    11·1 answer
  • Managers might want to offer _____ to employees who want to talk to someone about their problems.
    8·2 answers
  • Which of the following is NOT part of a preforming arts career?
    8·2 answers
  • Which best describes the similarity and differences between the Construction pathway and the
    12·2 answers
  • The corporation Mandy's Muffins makes a profit in 2015. The managers of Mandy's Muffins decide to distribute the profits to the
    11·1 answer
  • The employees of Antrobe, a leading daily newspaper, believe that their managers encourage them to voice their ideas and opinion
    12·1 answer
  • Communicating with people you know or meet to share information or advice about a job defines _____.
    14·2 answers
  • A firm is considering expanding its current operations and has estimated the internal rate of return on that expansion to be 12.
    14·1 answer
  • The 10% bonds payable of Crane Company had a carrying amount of $4060000 on December 31, 2020. The bonds, which had a face value
    15·1 answer
  • Why do more educated workers tend to earn more than less-educated workers?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!