Answer:
An unadjusted trial balance is prepared before the adjusting entries have been made, while an adjusted trial balance is prepared after the adjusting entries have been made
Explanation:
<em><u>Unadjusted trial balance</u></em>: it is not fully finished, revisions and additional journal entries are missing ( e.g.: accruals, write-offs, etc. ) or not reviewed.
<em><u>Adjusted trial balance</u></em>: it is finished, and ready to have internal partners ( e.g. Management ) analyzing information provided for decision making. Its figures are reliable.
Answer:
Annual sales figure = $42,178.11
Explanation:
The annual sales figure is the sum of the sales of campers and the additional sales of homes less of sales of motor coaches lost.
This is computed below:
$
Sales of camper 20,500
Motor homes (2,900/28,300× 74,500) = 7,634.28
Motor coaches (880/7,300× 116,500) = (14,043.84)
Annual sales figure <u>42,178.11</u>
Annual sales figure = $42,178.11
Answer:
Under variable costing, the company's net operating income for the year would be $60,000 lower than under absorption costing.
Explanation:
The computation of the operating income under variable costing is shown below:
But before that following calculations need to be done
Fixed manufacturing overhead per unit is
= $240,000 ÷ 20,000 units
= $12 per unit
Ending Inventory units is
= 20,000 units - 15,000 units
= 5,000 units
Now Cost of ending Inventory deferred under absorption costing is
= 5,000 units × $12
= $60,000
So, the second option is correct
140000x-14000 to at time of sale this is a step to help you