The Bapson Company started the month of April with no inventory. During the month, it produced...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Bapson Company started the month of April with no inventory. During the month, it produced 80,000 units but only sold 60,000 units. Costs incurred were: Direct materials Direct labor Variable manufacturing overhead Variable selling & administrative Fixed manufacturing overhead Fixed selling & administrative $20,000 $35,000 Total $19,000 $15,000 $20,000 $12,000 $121,000 If the company uses absorption costing, the value in the finished goods inventory account at the end of April will be ? The Bapson Company started the month of April with no inventory. During the month, it produced 80,000 units but only sold 60,000 units. Costs incurred were: Direct materials Direct labor Variable manufacturing overhead Variable selling & administrative Fixed manufacturing overhead Fixed selling & administrative $20,000 $35,000 Total $19,000 $15,000 $20,000 $12,000 $121,000 If the company uses absorption costing, the value in the finished goods inventory account at the end of April will be ?
Expert Answer:
Answer rating: 100% (QA)
To find the value in the finished goods inventory account at the end of April using absorptio... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Wild Bird Feeders produces deluxe bird feeders for distribution to catalog companies and wild bird stores. The company uses an absorption costing system for internal reporting purposes, but is...
-
The Thompson Toy Company manufactures toy building block sets for children. Thompson is planning for 2017 by developing a master budget by quarters. Thompsons balance sheet for December 31, 2016,...
-
Sierra Company incurs the following costs to produce and sell its only product. Variable costs per unit: Direct materials Direct labor 11 Variable manufacturing overhead Variable selling and...
-
A company that makes cola drinks states that the mean caffeine content per 12-ounce bottle of cola is 50 milligrams. You want to test this claim. During your tests, you find that a random sample of...
-
Classify each of the following transaction as an operating, investing, or financial activity, even those that would not appear explicitly on the statement of cash flows. Some transactions may be...
-
Suppose that in the punitive damages phase of the Deepwoter Horizon case, both sides expect a jury award of $2 billion on appeal, and that if they proceed with the case without settling, the...
-
In the past five years, there have been significant innovations in technology such as smartphones and tablets. Technology companies rely on intellectual property (IP) rights, such as patents,...
-
Here is financial information for Spangles Inc. Instructions Prepare a schedule showing a horizontal analysis for 2014, using 2013 as the baseyear. December 31, 2014 106,000 400,000 99,000 122,000...
-
= Suppose f(z) is analytic for |z| < 3. If |(z)| 1, and (i) (1) = 0, what is the maximum value of |f(0)|? For which func- tions is the maximum attained?
-
Darlene Inc. purchased 20,000 common shares (20%) of Carlyle Ltd. on January 1, Year 4, for $260,000. It did not have significant influence over Carlyle. It elected to classify the investment as fair...
-
The unbanked arc ( flat ) of a turn on a race track has a radius of 2 2 0 m . If the race cars have masses of 1 , 0 2 9 kg . The track is designed so that the maximum speed is 2 5 . 3 2 m / s . What...
-
This is a nice post ,trying to answer this post Sustainable product platforms offer truly little risk but high reward when it comes to sustainability values. An organization that does leverage its...
-
Describe your learnings from your reading " Unraveled: The Life and Death of a Garment by Maxine Bedat" . What are your main take aways? What surprised you most? What does it mean for companies and...
-
At mail time you receive a check for $143 and a bill for $393. Determine whether you are richer or you are poorer and by what amount. Write an integer corresponding to the situation. Are you richer...
-
Provide your top 3 DOs and top 3 DON'Ts for marketing your graduate skills in business and management. Meaning, what are the three positives you will emphasize, and the three negatives you will...
-
Review the Canadian cabotage law, I would like you to write what the topic is, why you found it interesting and how it might be particularly applicable to the area you are thinking of pursuing for a...
-
Let (t, x) = = 1 (1) with o(t) = of+i and oo > 0. 00 2m (i) Show that (t, x) is a solution of the free, one-dimensional, time-dependent Schrdinger equation ih (t, x) h2 02 2m x2 (t, x). (ii)...
-
What services are provided by the provincial and territorial governments?
-
What is the difference between an activity and a cost driver?
-
Assume a company has two processing departmentsMolding and Packaging. Transactions for the month are shown as follows. 1. The Molding department requisitioned direct materials totaling $4,000 to be...
-
Lucerne Company has 15 production departments and produces hundreds of products. Service department costs are allocated to production departments using the direct method. Five service departments...
-
Might it be desirable to use a combination of team-based and individual incentives at Lakeside Utility Company? How might such a plan be structured? Lakeside Utility Company provides electrical power...
-
Students form pairs. One student takes the role of Pamela Johnson; the other, the role of an HRM consultant Johnson has hired to help her decide what to do next. Role-play the meeting between the...
-
This experiential exercise involves a group of six students. One will be a manager and five will be part of a team that has worked closely together during the past year. A bonus of $12,000 is to be...
Study smarter with the SolutionInn App