FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
Bartleby Related Questions Icon

Related questions

Question
100%

picture1 and picture2 are ONE part. all the information and Requirements are in the picture

expand button
Company A has the following information of its costs and production and price for the year 2001-2010
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
BWIP(Q1)
production(X1)
sales(X2)
EWIP(Q2)
1000
1000
1250
1000
1000
900
900
1650
4000
4000
4000
5000
4000
5000
4000
2500
5000
3100
4000
3000
4000
4750
4250
5000
4100
2500
4250
4750
1000
1000
1250
1000
1000
900
900
1650
unit manufacturing variable cost(b1)=$10;
unit non-manufacturing variable cost(b2)=$.3;
total fixed manufacturing cost(a1)=10,000;
total fixed slelling and administration cost(a2)=$4100
$50,000 $50,000 |$50,000 $60,000 |$50,000 $60,000 $50,000 |$35,000 $60,000 $41,000
$5,525 $5,375 | $5,600 || $5,330
selling price per unit=$20
cost
manufcaturing cost per year(a1+b1x1)
selling and administrtion cost per year(a2+b2X2)
selling price
inventory evaluation uses FIFO
$5,300
$5,000 | $5,300
$4,850
$5,375 $5,525
Requirement:
expand button
Transcribed Image Text:Company A has the following information of its costs and production and price for the year 2001-2010 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 BWIP(Q1) production(X1) sales(X2) EWIP(Q2) 1000 1000 1250 1000 1000 900 900 1650 4000 4000 4000 5000 4000 5000 4000 2500 5000 3100 4000 3000 4000 4750 4250 5000 4100 2500 4250 4750 1000 1000 1250 1000 1000 900 900 1650 unit manufacturing variable cost(b1)=$10; unit non-manufacturing variable cost(b2)=$.3; total fixed manufacturing cost(a1)=10,000; total fixed slelling and administration cost(a2)=$4100 $50,000 $50,000 |$50,000 $60,000 |$50,000 $60,000 $50,000 |$35,000 $60,000 $41,000 $5,525 $5,375 | $5,600 || $5,330 selling price per unit=$20 cost manufcaturing cost per year(a1+b1x1) selling and administrtion cost per year(a2+b2X2) selling price inventory evaluation uses FIFO $5,300 $5,000 | $5,300 $4,850 $5,375 $5,525 Requirement:
Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
FINANCIAL ACCOUNTING
Accounting
ISBN:9781259964947
Author:Libby
Publisher:MCG
Text book image
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Text book image
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Text book image
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Text book image
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Text book image
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education