Answer:
Under variable costing, fixed manufacturing overhead is expensed as period expenses.
Explanation:
Option <em>A</em> is wrong because under absorption costing, fixed manufacturing overhead is expensed as product expenses.
Option <em>B</em> is incorrect because Under variable costing, direct materials and direct labor are expensed as product expenses.
Option <em>C</em> is false because Fixed manufacturing overhead costs are treated as product cost under absorption costing and period cost under variable costing.
Therefore, option E is correct as fixed manufacturing overhead is expensed as period expenses under variable costing.
Answer:
B. n/a (200) 200 200 n/a 200 n/a
Explanation:
A purchase discount is a contra-expense account which has a credit balance. Expenses have normal debit balances, so a credit balance will decrease the expenses incurred by the company.
E.g. you paid $100 within the discount period (2% discount)
Dr Accounts payable 100
Cr Cash 98
Cr Purchase discounts 2
This transaction doe snot affect assets, but it will decrease liabilities by $200 and increase R.E. by $200. Since this is a contra expense account, it will increase revenue and net income. It doesn't generate any additional cash flows.
<u>Nadine’s </u><u>management </u><u>perspective is best described as </u><u>contemporary.</u>
What is the hawthorne effect ?
The Hawthorne effect, also known as the observer effect, describes a phenomenon in which employees alter or improve a behavior in response to a change in their surroundings (being observed), rather than in response to the actual change.
Which disciplines does the field of behavioral science include?
Economics, sociology, anthropology, and psychology are all branches of behavioral science.
When building a new residential development or mall a national real estate?
- A national real estate organization typically does not cut down many trees when creating a new mall or housing development because it believes that natural resources are finite.
- Future generations' capacity to meet their own needs must not be jeopardized.
Learn more about Hawthorne effect
brainly.com/question/9234500
#SPJ4
