The following information is available for Barnes Company for the fiscal year ended December 31: Beginning...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units Units produced Units sold Sales Materials cost Variable conversion cost used Fixed manufacturing cost Indirect operating costs (fixed) 0 5,000 4,100 $ 533,000 $ 100,000 $ 50,000 $ 100,000 $ 82,000 The difference between the variable costing ending inventory and the absorption costing ending inventory is? The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units Units produced Units sold Sales Materials cost Variable conversion cost used Fixed manufacturing cost Indirect operating costs (fixed) 0 5,000 4,100 $ 533,000 $ 100,000 $ 50,000 $ 100,000 $ 82,000 The difference between the variable costing ending inventory and the absorption costing ending inventory is?
Expert Answer:
Answer rating: 100% (QA)
To find the difference between the variable costing ending inventory and the absorption costing endi... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Computing COGM and COGS Acronyms: The following cost information are gathered from Drusilla Inc. for the month ended June 30: BWIP Beginning Work-in-process inventory Costs of direct materials used...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Bertha's Bathworks produces hair and bath products. Its biggest customer is a national retail chain that specializes in such products. Bertha Jackson, the owner of Bertha's Bathworks, would like to...
-
A steam turbine receives a flow of 3 kg/s water at 1200 kPa, 350 C and velocity of 15 m/s. The steam exits the turbine at 100 kPa, 150 C and very low velocity. Find the specific work and the power...
-
Upton Company purchases 4,000 units of Beta each year in lots of 400 units per order. The cost of placing one order is $20, and the cost of carrying one unit of product in inventory for a year is $4....
-
The Stock Ledger Account for Material X in a manufacturing concern reveals the following data for the quarter ended Sept. 30, 2002. Physical verification on Sept. 30, 2002 revealed an actual stock of...
-
The price of Cartman Corp. stock will be either \($75\) or \($95\) at the end of the year. Call options are available with one year to expiration. T-bills currently yield 4 percent. a. Suppose the...
-
Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,456,448. Required 1. Prepare...
-
Quantitative Problem: Barton Industries expects that itstarget capital structure for raising funds in the future for itscapital budget will consist of 40% debt, 5% preferred stock, and55% common eq 2...
-
It is July 2022, and all the figures relating to your budgets and actual trading performance have been assembled: Sales were 10% above projection. Cost of Goods Sold came in 6% over expectation. ...
-
According to a government agency, 15.1% of the population of a certain country smoked in 2016. In 2018, a rando was selected, 75 of whom smoked. Complete parts a through c. a. Construct a 95%...
-
Write the program to show the ordering of vertices produced by topological ordering when it is run on the following graph. Assume that the DFS procedure considers the vertices in alphabetical order,...
-
In SCI Minnesota Funeral Services, Inc. v. Washburn-McReavy Funeral Corporation the state Supreme Court noted that the district court relied on Costello v. Sykes , a 1919 case. Appellants contended...
-
Mr. Yi and his daughter, Violet, come to your office to discuss a residential tenancies problem. Violet is the person who phoned to set up the appointment. At the outset of the consultation, Violet...
-
A small charged ball is suspended by a string in a uniform electric field E. The ball is in equilibrium when the string makes an angle = 18 with the vertical. The tension in the string at equilibrium...
-
How much responsibility should an employer have for ensuring that workers displaced by automation receive retraining? How much responsibility rests with government to assist these displaced workers....
-
Question 3 a) Suppose the following Portfolio A 20% 8% B 26% 14% (10) What is the expected return and standard deviation of the portfolio where X the amount invested in portfolio A is 45% and PAB -0.3
-
United Business Forms capital structure is as follows: Debt ............................................ 35% Preferred stock ........................... 15 Common equity .......................... 50...
-
Caruso, Evans, and Weisman are partners in a retail lighting store. They share income and losses in the ratio of 2:2:1, respectively. The partners have agreed to liquidate the partnership. Here is...
-
Develop brief answers to each of the following questions: 1. How does a lender assets the risk that a borrower may default-that is, not pay interest and principal when due? 2. If a company with a...
-
Lake Corporation has received an order for handheld computers from Union, LLC. A partially complete bill of activities for that order appears below. Fill in the missingdata. Lake Corporation Blli of...
-
Implement a sampler that samples from the Chinese restaurant process. Repeatedly resample assignment of customers to tables and plot a histogram over the number of tables. Investigate how the...
-
Using the MATLAB script provided (MATLAB script: hdp.m), experiment with setting the values of the concentration parameters for the top level DP \((\alpha)\) and the lower DPs \(\left(\gamma_{1},...
-
Derive a Gibbs sampling scheme for inference in the Hierarchical Dirichlet process. Assume that the base distribution is Gaussian \(\left(H=\mathcal{N}\left(\mu_{0}, \sigma_{0}^{2} ight) ight)\) and...
Study smarter with the SolutionInn App