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
hram777 [196]
3 years ago
11

A manufacturer reports the following costs to produce 30,000 units in its first year of operations: Direct materials, $30 per un

it, Direct labor, $26 per unit, Variable overhead, $300,000, and Fixed overhead, $450,000. Of the 30,000 units produced, 29,200 were sold, and 800 remain in inventory at year-end. Under variable costing, the value of the inventory is:
Business
1 answer:
lubasha [3.4K]3 years ago
5 0

Answer:

$53,019

Explanation:

Step 1  : Determine the unit product cost

Unit product cost under variable costing consist of only variable manufacturing costs.

Unit product cost = $30 + $26 + ($300,000 ÷ 29,200)

                               = $66.27

Step 2 : Calculate value of the inventory

Value of the inventory = Unit product cost x units in inventory

                                       = $66.27 x 800

                                       = $53,019

Under variable costing, the value of the inventory is $53,019.

You might be interested in
On January 1, Year 2, Grande Company had a $69,000 balance in the Accounts Receivable account and a $2,500 balance in the Allowa
attashe74 [19]

Answer:The amount of uncollectible accounts expense recognized on the Year 2 income statement is $1,800.

Explanation:The amount of uncollectible accounts expense recognized on the Year 2 income statement is $1,800 ($180,000 x 1%), which has been computed by multiplying the percentage of allowance for uncollectible account with the total on account sales.

5 0
4 years ago
A(n) ________________ is a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrumen
LUCKY_DIMON [66]

Answer: notional

Explanation:

A notional amount also sometimes referred to as the face amount is a number of currency units, shares, bushels, pounds, or other units specified in a derivative instrument.

The effective notional amount had to do with the notional amount that has already been stated and further adjusted when the leverage factor is considered.

4 0
3 years ago
Trimble Graphic Design receives $1,800 from a client billed in a previous month for services provided. Which of the following ge
wel

Answer:

Explanation:

The journal entry is presented below:

Cash A/c Dr $1,800

   To Accounts receivable A/c $1,800

(Being the cash is received)

Since the cash is received so we debited the cash account and there is a decrease in account receivable so this account should be credited. Both the accounts are recorded at $1,800 each.

4 0
3 years ago
Three common methods employed in the clean-up of oil spills are
podryga [215]
Burn surface water
Use bacteria
Skim the surface area
7 0
4 years ago
2. Select the correct sentence for errors in the preceding report. 1. Sales salaries, promotional expenses, corporate office ins
Sever21 [200]

Answer:

1

Explanation:

Manufacturing Overhead sometimes also referred as Factory Overhead includes only those costs which are directly traceable to the production of a product i-e, Direct labor and Material Costs.

5 0
4 years ago
Other questions:
  • "An adolescent is to receive radioactive iodine for Graves' disease. Which statement by the client reflects the need for more te
    5·1 answer
  • Prepare the​ stockholders' equity section of upper a minus wirelessa−wireless​'s balance sheet at october 31, 2018. assume upper
    6·1 answer
  • Last year, Ann had $10,000 to invest. She invested some of it in an account that paid 7% simple interest per year, and she inves
    5·1 answer
  • Identificar y describir 3 características de los períodos contables
    11·1 answer
  • Skylar Company issued $50,000,000 of its 10% bonds at par on January 1, 2019. On December 31, 2019, the bonds were trading on th
    11·1 answer
  • BC Corporation has 2.8 million shares of stock outstanding. The stock currently sells for $50 per share. The firm’s debt is publ
    11·1 answer
  • The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses
    6·1 answer
  • Determine Cost of Land Four Corners Delivery Company acquired an adjacent lot to construct a new warehouse, paying $32,000 and g
    9·1 answer
  • Smashed Pumpkins Co. paid $192 in dividends and $617 in interest over the past year. The company increased retained earnings by
    10·1 answer
  • Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!