How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask DrTutor Your Own Question

DrTutor, Ph.D.
Category: Homework
Satisfied Customers: 425
Experience:  Ph.D.
Type Your Homework Question Here...
DrTutor is online now
A new question is answered every 9 seconds

Accounting for decision making and control

Customer Question




Varilux manufactures a single product and sells it for $ 10 per unit . At the beginning

Of the year there were 1,000 units in inventory .Upon further investigation ,you discover

That units produced last year had $ 3.00 of fixed manufacturing cost and $2.00 of

Variable manufacturing cost. During the year Varilux produced 10,000 units of product.

Each unit produced generated $ 3.00 of variable manufacturing cost. Total fixed

Manufacturing cost for the current year was $ 40,000. There were no inventories at the

End of the year.

Required Question:

               Prepare two income statements for the current year , one on a variable cost basis and the other on an absorption cost basis .Explain any difference between the two
Net income numbers and provide calculations supporting your explanation of the difference.

P 11-1:
For many years the Honey Lake Summer Camp had used the number of campers
Per week to estimate weekly costs. The summer camp is open for ten weeks during the summer with a different number of campers each week .July is busiest with June and the end of August least busy. Costs from the last week of summer camp in 1998 are used to estimate costs for 1999 for pricing purposes .The following costs occurred during the last week of 1998 for pricing purposes. The following costs occurred during
The last week of 1998 and the costs of each cost category are expected to be the same
For 1999.
                                         &nbs p;                                         &n bsp;                               Weekly Cost
Supervisor's salary                                        &nbs p;                                         &n bsp;  $   400
Cook's salary                                        &nbs p;                                         &n bsp;                300
Camp counselor salaries (1 for each occupied cabin, each of
Which hold 10 campers) (5 counselors * $ 200 / counselor)                      1,000
Food ( 50 campers * $ 100/ camper)                                        &nb sp;                   5,000                     &n bsp;                                       
Supplies (50campers *$20/camper)                                       &nbs p;                      1,000
Utilities   (50campers *$10/camper)                                       &nbs p;                        500
Insurance (50campers*$20/camper)                                                              1,000
Property tax ($10,000/10 weeks)                                        &nbs p;                         1,000
                                         &nbs p;                                         &n bsp;                            ---------------------
Weekly total                                          ;                                         &nb sp;              $12,200                                                      
                                         &nbs p;                                         &n bsp;                           ----------------------
Cost per camper: $ 12,200/50 campers = $ 244/camper
The Honey Lake Summer Camp expects 75 campers during the second week of July .

a)     What is the expected cost of that week using the average cost?
b)     What is the expected cost of that week using ABC?
Submitted: 8 years ago.
Category: Homework
Expert:  Todd replied 8 years ago.

You need to spend $3 to view this post. Add Funds to your account and buy credits.
Expert:  Todd replied 8 years ago.
Do you need any additional assistance?
Customer: replied 8 years ago.

Customer: replied 8 years ago.
Relist: I still need help.
i want the solutions of the problems in detail

and it is better if you refer the instructor manual of "accouting for decision making and control" of mc graw hill publications for better
solutions.So plz send me the solutions of these
questions as soon as possible, thank you.
Expert:  DrTutor replied 8 years ago.
You will not get new answers for your new questions because you seem to be not willing to accept already completed answers.
Customer: replied 8 years ago.
NO its not like that iam not willing to accept the answers iam ready to accept it and i will
accept all the answers which you have sent to me.
So plz trust me and give me the solutions of
q-10-2 and q-11-3 as soon as possible .I will
accept all the answers ok . Thank you.
Customer: replied 8 years ago.
Plz send me the solutions of the problems in details with explanations and calculations,
and it is better if would refer the instructor
manual of " accounting for decision making and
control" of mc graw hill publications for better
solutions ok thank you.
Customer: replied 8 years ago.
Reply to DrTutor's Post: i like your answers but plz try to send the

solutions of the above problems in detail with

proper explanation and calculation ,i will wait

for your reply and try to send it as soon as possible ok thank you.
Customer: replied 7 years ago.
Relist: I prefer a second opinion.
i don't want this answers because it is too late
Customer: replied 7 years ago.
Relist: I prefer a second opinion.
close the above questions
Expert:  DrTutor replied 7 years ago.
no answers will be provided if you do not improve your record of 2/5.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX

Meet The Experts:

  • Manal Elkhoshkhany


    Satisfied Customers:

    More than 5000 online tutoring sessions.
< Last | Next >
  • Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany


    Satisfied Customers:

    More than 5000 online tutoring sessions.
  • LogicPro's Avatar



    Satisfied Customers:

    Expert in Java C++ C C# VB Javascript Design SQL HTML
  • Linda_us's Avatar


    Finance, Accounts & Homework Tutor

    Satisfied Customers:

    Post Graduate Diploma in Management (MBA)
  • Chris M.'s Avatar

    Chris M.

    M.S.W. Social Work

    Satisfied Customers:

    Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
  • F. Naz's Avatar

    F. Naz

    Chartered Accountant

    Satisfied Customers:

    Experience with chartered accountancy
  • Bizhelp's Avatar



    Satisfied Customers:

    Bachelors Degree and CPA with Accounting work experience
  • Seanna's Avatar



    Satisfied Customers:

    3,000+ satisfied customers, all topics, A+ work

Related Homework Questions

Chat Now With A Tutor
425 Satisfied Customers