Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bolte manufacturing operations for 2017are as foll

Bolte Manufacturing operations for 2017are as follows: $ Per unit: Sales price50 Direct material cost18...

50.1K

Verified Solution

Question

Accounting

Bolte Manufacturing operations for 2017are as follows:

$

Per unit:

Sales price50

Direct material cost18

Direct wages4

Variable production overhead3

Per month:

Fixed production overhead 99 000

Fixed selling expenses14000

Fixed administration expenses26000

Variable selling expenses is 10% of sales value.

Normal capacity was 11000 units per month.

JanuaryFebruary

UnitsUnits

Sales1000012000

Production 1200010000

Using the two methods:

A. Compute the unit production cost(4marks)

B. Determine the value of the closing inventory (7marks)

C. Prepare the Marginal Income Statement and the Absorption Income Statement for March and April (22 marks)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Heartland Foods will release a new range of candies which contain anti-oxidants. New equipment to manufacture...

Finance
Q

To determine the effectiveness of learning a cartwheel by watching a video, a gymnastics teacher randomly...

Basic Math
Q

Q1: Define creep in concrete? Distinguish it from elastic deformation. Q2: Discuss the rate of concrete drying...

Civil Engineering
Q

Directions Use the Crosstabs option in the Descriptives menu to answer the questions based on the...

Statistics
Q

area of the triangle The figure is not drawn to scale e length of the...

Basic Math
Q

Lata has lected 75 pennies Lata s her says that if she arranges the pennies...

Basic Math
Q

Kiara measured a swimming pool and made a scale drawing. The scale she used was13...

Basic Math
Q

6Find f and f, for f(x, y) = 3(9x ? 4y + 8)^6fx (x,y)=fy(x,y) =

Calculus
Q

yess Adjustment data for the period ended December 31, 2020 consist of: Adjusting Data...

Accounting
Q

Budgeting for a service company. Shiny Homes provides house cleaning services to parents of college...

Accounting
Q

Lingenburger Cheese Corporation has 7.3 million shares of common stock outstanding, 265,000 shares of 4.5...

Finance
Q

please answer part A and B thank you Your factory has been offered a...

Finance