Explain what would be the unit transfer price, Accounting Basics

+44 141 628 6080
[email protected]

Explain what would be the unit transfer price

Pontiac Company's Division Y had the following historical accounting data per unit based on 6,000 units per period:

Direct labor .
$14
Direct materials 26
Variable manufacturing overhead 8
Variable selling expenses 10

Fixed manufacturing costs were $75,000. Pontiac transfers internally from Division Y to Division Z. Pontiac may also sell the transferred units externally for $85 per unit. If Division Y transfers 6,000 units this period at absorption cost plus 10% markup, what would be the unit transfer price?

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain what would be the unit transfer price

Reference No:- TGS0707324

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Information to calculate ending inventory

Use the following information to calculate ending inventory on (a) a LIFO basis, (b) a FIFO basis, and (c) an average-cost basis.

Q : Explain the working capital and current ratio

Following are the current asset and current liability sections of the balance sheets for Freedom, Inc., at January 31, 2011 and 2010 (in millions):

Q : Describe what manufacturing information would be important

Describe what manufacturing information would be important to track. Please make sure to report the accounting documents used to gather and report this information.

Q : Property taxes incurred but not paid

Provide the adjusting journal entries for each of the following items.Prepaid Insurance had a $1,600 debit balance prior to adjustment. By year end, 25 percent was still unexpired.

Q : Explain what would be the unit transfer price

Fixed manufacturing costs were $75,000. Pontiac transfers internally from Division Y to Division Z. Pontiac may also sell the transferred units externally for $85 per unit.

Q : How were cost centers determined

Stanley Children's Hospital reported an average cost per discharge of $6,500 for the quarter, with 300 discharges and an average revenue of $5,900 per discharge. What was Stanley's Revenue to Cost per Discharge ratio?

Q : What is the cole gross profit

Cole Company has sales revenue of $39,000, cost of goods sold of $24,000 and operating expenses of $9,000 for the year ended December 31. what is the Cole's gross profit?

Q : How are the amounts reported in the financial statements

You have just joined a CPA firm. Your manager is impressed with the recommendations that you provided on the reporting of securities for the client.

Q : Plants will be recorded and reported as assets

The Duce Company has five plants nationwide that cost $100 million. The current market value of the plants is $500 million. The plants will be recorded and reported as assets at?

1946319

Questions
Asked

3,689

Active Tutors

1443313

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain what would be the unit transfer price

Reference No:- TGS0707324

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Information to calculate ending inventory

Q : Explain the working capital and current ratio

Q : Describe what manufacturing information would be important

Q : Property taxes incurred but not paid

Q : Explain what would be the unit transfer price

Q : How were cost centers determined

Q : What is the cole gross profit

Q : How are the amounts reported in the financial statements

Q : Plants will be recorded and reported as assets

How dual sovereignty is a system of government

Analysis of the school division budget as consumers

Is the foreign policy outlined in the document

Write in a logical understandable fashion for reader

Develop communication and resource plan

What causes schizophrenia

What do you think about the current home buying market

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Explain what would be the unit transfer price

Reference No:- TGS0707324

Recent Questions Asked Accounting Basics

Q : Information to calculate ending inventory

Q : Explain the working capital and current ratio

Q : Describe what manufacturing information would be important

Q : Property taxes incurred but not paid

Q : Explain what would be the unit transfer price

Q : How were cost centers determined

Q : What is the cole gross profit

Q : How are the amounts reported in the financial statements

Q : Plants will be recorded and reported as assets

Asked Questions