Large Orange Company produces basketballs. It incurred the following costs during the year. Direct materials ............... $14,490
Question:
Direct materials ............... $14,490
Direct labor ................ $25,530
Fixed manufacturing overhead ........ $10,000
Variable manufacturing overhead ....... $32,420
Selling costs ................ $21,000
What are the total product costs for the company under variable costing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 85% (14 reviews)
Variable Costing Direct ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting Tools For Business Decision Making
ISBN: 9780470377857
3rd Edition
Authors: Paul D. Kimmel
Question Posted:
Students also viewed these Managerial Accounting questions
-
Maxtor Technology incurred the following costs during the year related to the creation of a new type of personal computer monitor: Salaries ................................ $220,000 Depreciation on...
-
Sandoval Inc. incurred the following costs during the year ended December 31, 2017: Laboratory research aimed at discovery of new knowledge........................ $240,000 Design of new products...
-
Fairfield Manufacturing incurred the following costs during 2011 to produce its high-quality precision instruments. The company used an activity-based costing system and identified the following...
-
You have a project to build a new fence. The fence is four sided as shown below. Each side is to take one day to build and is budgeted for $1,000 per side. The sides are planned to be completed one...
-
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but in which firms are operating below their minimum efficient scale....
-
Describe the components that supplement the financial statements in an annual report. AppendixLO1
-
Universal Corporations division S has an investment base of $600,000. The division produces and sells 90,000 units of a product at a market price of $10 per unit. Its variable costs total $3 per...
-
In what way could African slaves maintain a degree of control over their situation as salves and their being forced to live a foreign culture?
-
Given the assumptions below about the manufacture of Barbie dolls, answer the following two questions: How many Barbie dolls does Mattel need to sell to breakeven? If Mattel sells 725,000 Barbie...
-
In May of the current year, your employer received a PIER report from the CRA that identified Canada Pension Plan (CPP) contribution deficiencies for employees in the organization who: turned 18...
-
Dye Corporation manufactures two products with the following characteristics. If Dyes machine hours are limited to 2,000 per month, determine which product it shouldproduce. Contribution Margin per...
-
Information concerning Large Orange Company is provided in BE6-16. What are the total product costs for the company under absorption costing?
-
You place an order for 400 units of inventory at a unit price of $125. The supplier offers terms of 1/10, net 30. a. How long do you have to pay before the account is overdue? If you take the full...
-
Write a java program that contain two overloaded methods that accepts two numbers or two characters representing a range example (11, 37) or (c, w) inputted by the user. The method generates a random...
-
Maggie could not conceive a child using natural means, so she sought out a woman who would donate an egg to be surgically implanted in Maggie. Which of the following items are deductible by Maggie in...
-
M corporation is subject to tax only in state b state b law provides for the use of federal taxable income before net operating loss and special deductions as the starting point for computing state...
-
Use Routh Criteria to determine the values of K needed for the system represented by the Characteristic Equation to be stable. (1 + K)s + (2K + 3)s + 2 3K = 0 Obtain the root locus plot for the...
-
Q7 a) Two forces equal to 2P and P act on a particle. If the first be doubled and second is increased by 12N, the direction of resultant remains unaltered. Find the value of P (5)
-
Explain how four-variance analysis differs from one-, two-, and three-variance analysis. LO1
-
In Exercises discuss the continuity of each function. f(x) -3 1 x - 4 y 3 2 -1 -2 -3+ 3 X
-
From memory, and without using any measuring devices, draw a line segment with approximate length as indicated in Problems 710. a. 3 in. b. 10 cm c. 3 cm
-
Why might a company choose to use a limited partnership?
-
Blue and Grey are discussing how income and losses should be divided in a partnership they plan to form. What factors should be considered in determining the division of net income or net loss?
-
Blue and Grey are discussing how income and losses should be divided in a partnership they plan to form. What factors should be considered in determining the division of net income or net loss?
-
Your company BMG Inc. has to liquidate some equipment that is being replaced. The originally cost of the equipment is $120,000. The firm has deprecated 65% of the original cost. The salvage value of...
-
1. What are the steps that the company has to do in time of merger transaction? And What are the obstacle that may lead to merger failure? 2.What are the Exceptions to not to consolidate the...
-
Problem 12-22 Net Present Value Analysis [LO12-2] The Sweetwater Candy Company would like to buy a new machine that would automatically "dip" chocolates. The dipping operation currently is done...
Study smarter with the SolutionInn App