Cannondale bikes
Not what you're looking for?
See attached file for full problem description.
Cannondale bikes manufactures a basic road bicycle. Production and sales data
for the most recent year are as follows(no beginning inventory):
Variable production costs $90 per bike
Fixed production costs $450,000
Variable selling & administrative costs $22 per bike
Fixed selling & administrative costs $500,000
Selling Price $200 per bike
Production 20,000 bikes
Sales 17,000 bikes
Instuctions
(a) Prepare a brief income statement using variable costing.
(b) Compute the amount to be reported for inventory in the year end variable
costing balance sheet.
Purchase this Solution
Solution Summary
Solution in excel file
Education
- MBA (IP), International Center for Internationa Business
- BBA, University of Rajasthan
Recent Feedback
- "Thank You so much! "
- "Always provide great help, I highly recommend Mr. Sharma over others, thanks again. "
- "great job. I will need another help from you. "
- "first class!"
- "Thank you for your great notes. Will you be willing to help me with one more assignment? "
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.