Answer:
d. variable selling and administrative expenses and fixed selling and administrative expenses.
Explanation:
We know that,
The net income under absorption costing would be
= Sales - costs of goods sold - selling and administrative expenses
= Net income
The sales minus costs of goods sold equals to gross profit and Gross profit minus selling and administrative expenses equals to net income
The costs of goods sold = Opening inventory + manufacturing cost - ending inventory
Manufacturing inventory = Direct material + direct labor + fixed manufacturing overhead + variable manufacturing overhead
The price of a firm is equal to its marginal cost in both the short and long run. In both the short and long run, price equals marginal revenue. Firms should increase output as long as marginal revenue exceeds marginal cost, and reduce output if marginal revenue is less than marginal cost.
Revenue is the gross income derived from the sale of goods and services related to the company's main activities. Commercial income is also called sales or earnings. Some companies derive their income from interest, royalties, or other fees.
Revenue is the gross income a business generates from its core business, such as sales of products and services, property rentals, regular payments and interest on loans. Sales are calculated before deducting costs such as discounts and returns.
Learn more about revenue here:brainly.com/question/25623677
#SPJ4
Explanation:
to you ggagsusgfaaywugahagagttsgsy<em>y</em><em>y</em><em>e</em>
