During the year, Xenoc produces 1,200 pairs of speakers and sells 1,000 pairs. Required What is net
Question:
Required
What is net income using full costing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (16 reviews)
Sales 1800 1000 pairs 1800000 Less c...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
During the year, Xenoc produces 1,500 pairs of speakers and sells 1,200 pairs. Xenoc produces stereo speakers. The selling price per pair of speakers is $1,800. There is no beginning inventory. Costs...
-
During the year, Xenoc produces 1,500 pairs of speakers and sells 1,200 pairs. Xenoc produces stereo speakers. The selling price per pair of speakers is $1,800. There is no beginning inventory. Costs...
-
During the year, Xenoc produces 1,500 pairs of speakers and sells 1,200 pairs. Xenoc produces stereo speakers. The selling price per pair of speakers is $1,800. There is no beginning inventory. Costs...
-
Which statement is correct? A) Tax credits reduce tax liability on a dollar-for-dollarbasis. B) Tax deductions reduce tax liability on a dollar-for-dollarbasis. C) The benefit of a tax credit depends...
-
Let the address stored in the program counter be designated by the symbol X1. The instruction stored in X1 has an address part (operand reference) X2. The operand needed to execute the instruction is...
-
What is the importance of internal analysis in an organization and how can it help identify key areas to improve its competitiveness?
-
Great Western Bank has offered a special certificate of deposit (CD) tied to the S\&P 500. Funds are deposited into the account at the beginning of a month and are held in the account for 3 years....
-
Pam Corporation holds 70 percent ownership of Northern Enterprises. On December 31, 20X6, Northern paid Pam $40,000 for a truck that Pam had purchased for $45,000 on January 1, 20X2. The truck was...
-
Discuss the economic benefits for primary and secondary markets. Briefly explain your understanding of an IPO, the net valuation of a firm and what can happen once the shares are traded on secondary...
-
Distinguish between a time-out event and the threeduplicate-ACKs event. Which one is a stronger sign of congestion in the network? Why?
-
During the year, Xenoc produces 1,200 pairs of speakers and sells 1,000 pairs. Required What is variable cost of goods sold?
-
During the year, Xenoc produces 1,200 pairs of speakers and sells 1,000 pairs. Required What is net income using variable costing?
-
Calculate the average customer arrival rate and service rate per hour.
-
An employer can dismiss an employee due to garnishment. (True/False)
-
If goods are confused due to a wrongful act and the innocent party cannot prove what percentage is theirs, all of the goods belong to the wrongdoer. (True/False)
-
Noemi owns a cabin on Long Lake. Bob takes possession of the cabin without Noemis permission and puts up a sign that reads No Trespassing by Order of Bob, the Owner. The statutory period for adverse...
-
Insurance premiums are small relative to the coverage offered because a. the risks are spread among a large number of people. b. agents and brokers receive only a small percentage of the premiums. c....
-
To constitute a gift, a voluntary transfer of property must be supported by consideration. (True/False)
-
Choose and visit a restaurant, club, or hotel you feel is designed for one of the generations discussed in the book (e.g., baby boomers, Generation X, echo boomers). After doing some research on the...
-
If there is an unrealized holding gain on available-for-sale investments, it is reported as?
-
A pistoncylinder assembly contains a pure mixture of liquid water and steam in equilibrium. A second species that has negligible vapor pressure is mixed into the liquid at a constant temperature and...
-
WRX uses a standard costing system. For production of a fuel cell, standards call for 4 model RN-3 valves per cell costing $2,300 each. During 2018, the company purchased 250 valves for $587,500. The...
-
The standard labor cost in the production of a pair of Tukor Brand athletic shoes is .40 hours at $13.00 per hour. During the month of June, 25,000 pairs were produced. Actual labor costs were...
-
Star Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (.90 yards $12.00)...
-
Mizan Corporation, a manufacturing company, prepares its financial statements annually. During the last month of the fiscal year, Mizan experiences a significant surge in sales. The sales team closes...
-
A firm uses job - order costing. Current period facts: Actual overhead: $ 1 0 4 , 6 8 8 Applied overhead: $ 1 0 4 , 9 0 5 Budgeted overhead: $ 1 0 8 , 6 9 8 COGS balance ( before closing ) : $ 3 9 0...
-
On January 1 , 2 0 X 2 P pays $ 1 0 0 million to acquire 5 0 , 0 0 0 of the common voting shares of S , which gives P a 2 5 % ownership interest in S . The January 1 , 2 0 X 2 book value of S ' s...
Study smarter with the SolutionInn App