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Lubov Fominskaja [6]
2 years ago
14

During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $6 per

unit, Direct labor, $4 per unit, Variable overhead, $5 per unit, and Fixed overhead, $234,000. The company produced 26,000 units, and sold 18,000 units, leaving 8,000 units in inventory at year-end. What is the value of ending inventory under variable costing?
Business
1 answer:
kupik [55]2 years ago
8 0

Answer:

$192,000

Explanation:

Calculation for What is the value of ending inventory under variable costing

Using this formula

Value of ending inventory =[(Direct materials+Direct labor+Variable overhead+(Fixed overhead/Units produced)×Ending units in inventory]

Let plug in the formula

Value of ending inventory=[($6+ $4+ $5 + ($234,000/26,000 units) ×8,000 units]

Value of ending inventory= ($15 units+$9 units)×8,000 units

Value of ending inventory=$24 per units×8,000 units

Value of ending inventory = $192,000

Therefore the value of ending inventory under variable costing will be $192,000

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According to Herzberg, when ________ are adequate, people won't be dissatisfied, but they will also not be satisfied. motivation
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Answer:

The correct answer is letter "B": hygiene factors.

Explanation:

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6 0
3 years ago
Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual inventory system. Dete
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Answer:

The cost of goods sold using the LIFO menthod is;

d. $3,580

Explanation:

Last in First Out (LIFO) method is an inventory method where the recently purchased good is sold first. This means that when accounting for the cost of goods sold, we use the unit cost of the goods that were purchased recently. In our case;

1 Beginning Inventory 150 units @ $10.00

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24 Sales 150 units @ $21.00

<em>Step 1: Determine total number of units sold;</em>

Total number of units sold=number of sales on May 24+number of sales on May 10

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number of sales on May 24=150 units

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replacing;

Total number of units sold=(150+140)=290 units

Total number of units sold=290 units

<em>Step 2: Determine total cost of goods sold</em>

The first 100 units sold were each sold at $13

The remaining 190 units were each sold at $12

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Total cost of goods sold=$3,580

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Farmers contributed to the problems that led to the Dust Bowl by
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Answer:

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