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

Related questions

Q: where  is the excel sheet ,so i can see how you get  the answer.  I want to see the workings  please
A: Excel Workings are provided in the solution in the form of Excel snip. One can use the formula…
Q: Use EMBG's adjusted trial balance to prepare EMBG's balance sheet for the current year-end. EMBG…
A: Definition: Balance sheet: To Know the financial position of the business balance sheet is prepared.…
Q: How to draw a npv profile in excel
A: Net Present Value (NPV) is the technique used to discount the cash flows generated over the period…
Q: Direct materials and conversion equivalent units of production for August . Direct materials and…
A: Solution:-                               Morning Brew Coffee Company…
Q: Let's suppose that you are a senior management member in a firm and you are trying to explain and…
A: Depreciation means the amount of normal wear or tear of the assets due to usage or passage of time.…
Q: Hi I need help with #22. I only need a, b and d. Thank you!
A: Answer a: Sales-Variable cost=Contribution margin170 - 90 = $80 Therefore, the contribution margin…
Q: hank you for the explanation. Could you also help with option 4-
A: As per our guidelines, we are supposed to answer only 3 sub-parts (if there are multiple sub-parts…
Q: Please refer to pictures and help me with problem thanks!
A: Answer 1: Working note 1: Predetermined overhead rate=Estimated total manufacturing…
Q: Jackson Manufacturing Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31…
A: For calculating the missing value , I have tried to make a note for every formula . Hope this answer…
Q: Describe the benefits and drawbacks of using online learning opportunities
A: The online learning opportunities in the recent years and during the time of pendemic evolve in a…
Q: A lessee should initially measure a lease liability at: O a. The present value of the lease payments…
A: According to IFRS 16, the lease liability is the present value of the total amount of financial…
Q: The solution above is incorrect. Would you be able to fully solve it, please? I have difficulty…
A: a) If LAB is organized LLCAnnual return before taxes = $660,000 x 13%…
Q: IFRS16 allows lessees not to recognise a right-of-use asset or a lease liability for certain types…
A: The right-of-use asset is a lessee's right to use an asset over the life of a lease. It is recorded…
Q: hi, can you please show me how to solve this without using excel? thank you
A: Variables in the question:Interest rate = 3.75% per year compounded quarterlyQuarterly means 4 times…
Q: On 1 January 2019, a company which prepares financial statements to 31 December each year, enters…
A: The right-of-use asset is a lessee's right to use an asset over the life of a lease. It is recorded…
Q: Extreme Ltd is a small firm that specialises in selling bespoke furniture. an additional delivery…
A: Depreciation means the amount of normal wear or tear of the assets due to usage or passage of time.…
Q: Hey! Thanks for the answer! What's the formula in cell c9? Thanks!
A: The dividend discount model (DDM), a mathematical technique for predicting the price of a company's…
Q: I need help with answering this spreadsheet
A: Cost of Good manufactured is computed by adding the Material, Labor, and Overhead costs incurred…
Q: Big help please
A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…
Q: Can you solve using excel and explain the formulas more in depth?
A: Here,Market Cap is 300 billion pesoNext Year FCF is 9.6 billion pesoGrowth Rate is 8.60%
Q: Company W acquired a wastewater treatment plant for 30,000, depreciable over 10 years. The company…
A: Government grant means the amount received from government free of cost. It is received by specified…
Q: 3. Assume you are a sales manager preparing to develop and implement a customer feedback system. How…
A: A customer feedback system is a procedure used by organisations to gather and examine client input…
Q: you!
A: The original question deals with preparation of amortisation schedule.
Q: Alice bought $P worth of shares in a start-up company. She created the following scenarios with the…
A: Share investments represents buying a portion of equity in a company. We buy shares of a company…
Q: On 31st of July 2023, Dino Plc which has a financial year end at 31st of March bought a bespoke…
A: Expenses means the amount spent for running the business. Fixed assets means the amount spent on…
Q: Can you solve it in an Excel spreadsheet? because something is wrong with the asnwer. tyhank you,
A: Bonds are debt instruments issued by companies.The issuing company pays coupons to the bond holders…
Q: return filers
A: Every person has to file taxes and pay them on time as designated by the tax authority. Failure to…
Q: The answer 417,974.94 was correct. Can you please help me solve without technology? Formulas used,…
A: An annuity is a financial product that pays out a fixed amount of money at regular intervals,…
bartleby

Concept explainers

Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing …
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In compari…
Topic Video
Question

Please help me. 

Fast solution please. 

Thankyou. 

Kubin Company's relevant range of production is 10,000 to 12,000 units. When it produces and sells 11,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 7.10 $ 4.10 $ 1.60 $ 5.10 $ 3.60 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs $ 2.60 $ 1.10 $ 0.60 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 12,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? (For all requirements, do not round intermediate calculations.)
expand button
Transcribed Image Text:Kubin Company's relevant range of production is 10,000 to 12,000 units. When it produces and sells 11,000 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Average Cost per Unit $ 7.10 $ 4.10 $ 1.60 $ 5.10 $ 3.60 1. Total amount of product costs 2. Total amount of period costs incurred 3. Total amount of product costs 4. Total amount of period costs $ 2.60 $ 1.10 $ 0.60 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 11,000 units? 2. For financial accounting purposes, what is the total amount of period costs incurred to sell 11,000 units? 3. For financial accounting purposes, what is the total amount of product costs incurred to make 12,000 units? 4. For financial accounting purposes, what is the total amount of period costs incurred to sell 10,000 units? (For all requirements, do not round intermediate calculations.)
Expert Solution
Check Mark
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
bartleby
This is a popular solution
See solutionCheck out a sample Q&A here
Step 1: Introduction
VIEW
Step 2: Calculation of product cost and period cost for 11000 units
VIEW
Step 3: Calculation of product cost for 12000 units
VIEW
Step 4: Calculation of period cost for 10000 units
VIEW
Solution
VIEW
bartleby

Trending nowThis is a popular solution!

bartleby

Step by stepSolved in 5 steps with 4 images

See solution
Check out a sample Q&A here
Blurred answer
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.
Similar questions
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
SEE MORE TEXTBOOKS