ONE product is manufactured... Production: 4.000 units/week each of During Fixed costs: $6000 Direct labour $9000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
ONE product is manufactured... Production: 4.000 units/week each of During Fixed costs: $6000 Direct labour $9000 Direct materials: $ 5000 Sales in the first 2 weeks of this Opening inventory I Lideks it produc Q. Make at the start of week I wa Sales in week 2 a 2 : 3000 units Selling price $8 / unit Both materials + labour are variode casts. Sooo units year, using absorption Costing. the costs are week 1 is O. profit Statement for each of the two weeks. Budgeted production was 4000 units/week and non-production costs are not mentioned. ONE product is manufactured... Production: 4.000 units/week each of During Fixed costs: $6000 Direct labour $9000 Direct materials: $ 5000 Sales in the first 2 weeks of this Opening inventory I Lideks it produc Q. Make at the start of week I wa Sales in week 2 a 2 : 3000 units Selling price $8 / unit Both materials + labour are variode casts. Sooo units year, using absorption Costing. the costs are week 1 is O. profit Statement for each of the two weeks. Budgeted production was 4000 units/week and non-production costs are not mentioned.
Expert Answer:
Answer rating: 100% (QA)
SOLUTION Profit Statement Week 1 Sales Revenue 3000 units 8unit 24000 Cost o... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-1259024900
9th canadian edition
Authors: Ray Garrison, Theresa Libby, Alan Webb
Posted Date:
Students also viewed these accounting questions
-
Income Statement Total Sales 2 0 7 . 6 Cost of Sales 1 5 7 . 8 Gross Profit 2 0 7 . 6 - 1 5 7 . 8 Selling and Administrative Expenses 1 5 . 5 Research and Development 8 . 9 Depreciation and...
-
Jay Rexford, president of Photo Artistry Company, was just concluding a budget meeting with his senior staff. It was November of 20x4, and the group was discussing preparation of the firms master...
-
Beckett Pumps is a manufacturer of commercial and heavy industrial Pumps. The firms two product lines are called Directlift and Gravity. The primary raw materials are flexible steel sheet, and 23cm x...
-
D. Prepare the consolidation worksheet journal entries to eliminate the effects of inter-entity transactions as at 30 June 2017. On 1 July 2013 Douglas Ltd acquired all of the share capital (cum...
-
The U.S. Geological Survey compiled historical data about Old Faithful Geyser (Yellowstone National Park) from 1870 to 1987. Some of these data are published in the book The Story of Old Faithful, by...
-
Blake Weaver, Cook Enterprises' controller, is preparing the financial statements for 2013. He has completed the comparative balance sheets and income statement, which follow, and has gathered this...
-
After recording the transactions in E 9, prepare a trial balance in proper sequence for Ceramics Repair Service, Inc., as of June 30, 20xx.
-
Designer Suits Rental has been in business for four years. Because the company has recently had a cash flow problem, management wonders whether there is a problem with receivables or inventories....
-
Generally speakingnet operating margin, net interest margin, and net noninterest margin are used to measure what in banking?
-
A welding torch is remotely controlled to achieve high accuracy while operating in changing and hazardous environments [21]. A model of the welding arm position control is shown in Figure DP7.4, with...
-
Butter, Inc., has a contribution margin of 40% and fixed costs of $250,000. What is the break-even point in sales dollars? a. $375,000 b. $250,000 c. $625,000 d. $100,000 2 points Sau QUESTION 24 If...
-
You are borrowing $21,000 with no money down to buy a car. The terms of the loan call for equal monthly payments for 5 years at 4.25% annual interest. What is the amount of each monthly payment?
-
2. Write an m-file that does the following, show the results in your lab report. a. Define a polynomial function F1(s) = s^2+ 3s + 10 in Matlab and display the results. b. Calculate the roots of...
-
A project requires an investment of $600,000 today and it is expected to generate after-tax cash flow of $150,000 at the end of year 1, $250,000 at the end of year 2, and 350,000 at the end of year...
-
6. Discuss the nature and scope of operations management in terms of production decisions. 7. Explain the product selection and stages involved therein
-
When making a budget, a recommended goal is to spend10% on utilities. In reality, household spending depends on economic levels. Households with incomes from$15,000to$20,000 spend over11% on...
-
MY NOTES ASK YOUR TEACHER PRACTICE A According to a 2017 Wired magazine article, 40% of emails that are received are tracked using software that can tell the email sender when, where, and on what...
-
Draw the major product for each of the following reactions: (a) (b) (c) 1) 9-BBN 2) H2O2, NaOH 1) Disiamylborane 2) H20, NaOH
-
Great Eastern Inns has a total of 2,000 rooms in its chain of motels located in eastern Canada. On average, 70% of the rooms are occupied each day. The companys operating costs are $42 per occupied...
-
Onassis Catering is a Greek company that provides passenger and crew meals to airlines operating out of two international airports in Athens and Corfu. The operations at the two airports are managed...
-
Ovation Company has a single product called a Bit. The company normally produces and sells 60,000 Bits each year at a selling price of $32 per unit. The companys unit costs at this level of activity...
-
Fitch and Wall have been in partnership for many years sharing profits and losses in the ratio 5 : 3 respectively. The following was their balance sheet as at 31 December 2002. On 1 January 2003,...
-
The Unilever 2002 annual review stated: Total Shareholder Return (TSR) is a concept used to compare the performance of different companies stocks and shares over time. It combines share price...
-
On the Internet find the 2010 Transparency International Corruption Perception Index and determine the ranking of these countries. a. United States b. Japan c. Chad d. Iceland e. Denmark
Study smarter with the SolutionInn App