Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Accounting Basics Expert

1. Under variable costing, which of the given costs would be comprised in finished goods inventory?

a. Advertising costs

b. Wages of carpenters in a furniture factory

c. Straight-line depreciation on factory equipment

d. Salary of vice-president of finance

2. Level of inventory of a manufactured product has increased by 8,000 units during a period. Following data are also available:

 

Variable

Fixed

Unit manufacturing costs of the period

$12.00

$5.00

Unit operating expenses of the period

4

1.5

What would be effect on income from operations if absorption costing is used rather than variable costing?

a. $44,000 increase

b. $40,000 decrease

c. $52,000 increase

d. $40,000 increase

3. Production and sales estimates for April are given:

Estimated inventory (units), April

19,000

Desired inventory (units), April 30

18,000

Expected sales volume (units):

 

Area A

3,500

Area B

4,750

Area C

4,250

Unit sales price

$20

Number of units expected to be manufactured in April is:

a.12,500

b.13,500

c.10,000

d.11,500

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M917128

Have any Question? 


Related Questions in Accounting Basics

Printing and distribution of invoices does not constitute

Printing and distribution of invoices does not constitute an increase in economic resources. On the other hand, can you give examples of what should be included in REA diagram? Remember that REA specifies the domain rule ...

Assignment - review of current accounting issuestaskfor

Assignment - Review of Current Accounting Issues Task For this assignment assume that you are the senior accountant working for a major firm. Question 1 - The CEO has forwarded to you an interesting article and requires ...

Assignment questionbio-sustainable feeds bsf ltd an

ASSIGNMENT QUESTION Bio-sustainable Feeds (BSF) Ltd., an Australian bio-research firm listed on the Australian Stock Exchange (ASX), has engaged research on sustainable aqua-culture feeds for two decades. Its research on ...

Question 1- jessica opened a bank account with an initial

Question 1- Jessica opened a bank account with an initial deposit of $10,000. The bank account pays monthly interests at 6% p.a. convertible monthly. (a) How much will Jessica accumulate in 5 years if she is not going to ...

B bakery is a family owned firm with around 70 employees

B Bakery is a family owned firm with around 70 employees and sales revenue increased to more than $ 13.5 million during the past year. It has been in business for over 50 years and supplies bread and confectionary produc ...

Principles of accountingthis response must be 150-200 words

PRINCIPLES OF ACCOUNTING This response must be 150-200 words long Explain the difference between cash-basis and accrual-basis accounting. Assume you are a business owner of the type of business you would like to own, wha ...

Practice questionsdescribe the main sources you would use

Practice questions: Describe the main sources you would use to obtain financial information about a public limited company.

Multiple choice1 which of the following statements is

MULTIPLE CHOICE 1) Which of the following statements is CORRECT? a. One of the advantages of the corporate form of organization is that it avoids double taxation. b. It is easier to transfer one's ownership interest in a ...

Principle of accounting -u2dbdeliverable length 150-200

Principle Of Accounting -U2DB Deliverable Length: 150-200 Words What do you think is the connection between a diary you may have had when you were young and the recording process that you have recently learned about? Wha ...

Accounting paper-research a current article regarding

Accounting Paper- Research a current article regarding accounting in government. and write a summary of the article in 350 to 700 words applying concepts you've learned in this course to assessing the content of the arti ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate