Business, 10.04.2020 17:35, bryson9604
The following data relate to Jupiter Company, a new corporation, during a period when the firm produced and sold 100,000 units and 90,000 units, respectively:
Direct materials used $400,000
Direct labor 200,000
Variable manufacturing overhead 120,000
Fixed manufacturing overhead 250,000
Selling and administrative expenses:
Variable 45,000
Fixed 300.000
The company met its original planned production target of 100,000 units. There were no variances during the period, and the firm's selling price is $15 per unit.
Required:
a. What is the cost of Jupiter's end-of-period finished-goods inventory under the variable-costing method?
b. Calculate the company's variable-costing income.
c. Calculate the company's absorption-costing income.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 11:00, mateoperkins
What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b. assessment criteria are inexpensive. c. assessment criteria provide you with a list of relevant things to measure. d. assessment criteria provide you with a list of people to contact to learn more about process mentoring.
Answers: 3
Business, 22.06.2019 16:00, leo4687
Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?
Answers: 3
Business, 22.06.2019 22:00, kyle65
Anheuser-busch inbev is considering you for an entry-level brand management position. you have been asked to prepare an analysis of the u. s. craft beer industry as part of the selection process. prepare a 3-5 page report that includes a description of the industry’s strategically relevant macro-environmental components, evaluates competition in the industry, assesses drivers of change and industry dynamics, and lists industry key success factors. the company’s management also asks that you propose the basic elements of a strategic action plan that will allow the company to improve its competitive position in the market for craft beer. you must provide a heading in your report for each of the required elements of the assignment.
Answers: 3
Business, 23.06.2019 01:00, F00Dislife
What are the benefits of different types of career education, like community colleges, vocational training programs, and four-year colleges?
Answers: 3
Do you know the correct answer?
The following data relate to Jupiter Company, a new corporation, during a period when the firm produ...
Questions in other subjects:
Health, 22.11.2019 09:31
Mathematics, 22.11.2019 09:31
Arts, 22.11.2019 09:31
Social Studies, 22.11.2019 09:31
Chemistry, 22.11.2019 09:31
