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3 years ago

Jupiter Corporation incurred fixed manufacturing costs of $18,000 during 2017. Other information for 2017 includes:

Business

1 answer:

Delicious77 [7]3 years ago

3 0

Answer:

Lower by $8,250

Explanation:

The operating income reported will be different as the unit level of inventory increased during the account period .

Denominator rate:

= Fixed manufacturing costs ÷ Budgeted denominator level

= 18,000 ÷ 2,400

= 7.5

Operative income:

= Total Units produced - (Total units sold × Denominator rate)

= 2,700 - (1,600 × 7.5 )

= 1,100 × 7.5

= $8,250

Lower by $8,250 under the variable costing because 8250 of fixed manufacturing cost remain in inventory under absorption.

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Because there are several vending booths in the same area selling the same item, there would be a reduction in price to attract more customers.

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This refers to the quantity of goods which are requested by consumers at a particular time period which has an effect in the price of the good.

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2 years ago

Which of the following group of countries is more likely to lag in terms of green practices, according to the IBM study mentione

Alexxandr [17]

Answer:

Correct answer is A. North America

Explanation:

IBM environmental study report the list countries according to their responses to the green practice which indicate that North America is likely to lag in the eco-friendly activities.

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3 years ago

This occurs when a person or firm purchases new capital. This occurs when a person's income exceeds his consumption. Which of th

Lostsunrise [7]

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Borrowing $1000 from a bank to buy a car to use in business is also an investment as in this case buying a car is like investing in a cash flow producing asset, as the car will be an asset which will help earn money from the pizza business.

Explanation:

Roommate depositing $100 is an example of saving and not investing.

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3 years ago

Groupware provides computer-mediated communication systems, allowing different viewpoints and ideas to be compared and discussed

melomori [17]

Answer: True

Explanation:

Groupware is a set of programs that makes it possible for people to work together on a common course even though they are at different locations from each other. In this way, they can work together remotely.

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3 years ago

Pam Erickson Construction Company changed from the completed-contract to the percentage-of-completion method of accounting for l

Brilliant_brown [7]

Answer:

a. $478,450

b.Dr Construction in Process $165,500

Cr Deferred tax liability $49,650

Cr Retained earnings $115,850

Explanation:

A. Calculation for the amount of net income that would be reported in 2015 for Pam Erickson Construction Company

Using this formula

Net income =(Income before income tax ) Income before income tax-Tax rate

Let plug in the formula

Net income= $683,500 - (683,500 × 30%)

Net income= $683,500 - $205,050

Net income= $478,450

B. Preparation of the Journal entry(ies) that are necessary to adjust the accounting records

For Pam Erickson Construction Company

Dr Construction in Process $165,500

Cr Deferred tax liability $49,650

($165,500 × 30%)

Cr Retained earnings $115,850

($165,500 × (100%-30%)

5 0

3 years ago