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expeople1 [14]
3 years ago
8

Ming Company had net income of $772,200 based on variable costing. Beginning and ending inventories were 7,800 units and 5,200 u

nits, respectively. Assume the fixed overhead per unit was $3.00 for both the beginning and ending inventory. What is net income under absorption costing?
Business
1 answer:
Otrada [13]3 years ago
7 0

Answer:

$764,400

Explanation:

Given that,

Net income under variable costing = $772,200

Beginning inventories = 7,800 units

Ending inventories = 5,200 units

Fixed overhead per unit = $3

Net income under absorption costing:

= Net income under variable costing - [(Beginning inventories - Ending inventories) × Fixed overhead per unit]

= $772,200 - [(7,800 - 5,200) × $3]

= $772,200 - $7,800

= $764,400

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The real exchange rate is 3 euros
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3 years ago
On average, workers in Australia can produce 3 units of agriculture output or 9 units of manufacturing output per day. In Guyana
tester [92]

Answer:

3 UNITS OF MANUFACTURING OUTPUT

2 units of manufacturing output?

Explanation:

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

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= 9/3 = 3

the opportunity cost of agricultural output in Guyana = manufacturing output per day / agricultural output

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8 0
3 years ago
Payments made by a company to a stockholder is an Investment.<br><br> True or False?
Basile [38]

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6 0
3 years ago
A $10,000 face value Treasury bond is quoted at a price of 101.6533 with a current yield of 4.87 percent. What is the coupon rat
musickatia [10]

Answer:

D) 4.95 percent

Explanation:

The current yield formula can be used to determine the coupon payment which would thereafter be used to compute coupon rate as required:

current yield=coupon payment/current market price

current yield=4.87%

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current market price=101.6533%*$10,000

current market price=$10,165.33  

4.87%=coupon payment/$10,165.33  

coupon payment=$10,165.33 *4.87%

coupon payment=$495.051571

coupon rate=coupon payment/face value

coupon rate=$495.051571 /$10,000

coupon rate=4.95%

4 0
3 years ago
A large corporation suffers from the​ principal-agent problem when​ its:
amm1812
<span>The correct answer is d. management does not own a large share of firm stock and pursues its own interests rather than those of shareholders.When management pursues its own interests, there is a conflict with the interest of the shareholders who hired the management in the first place.</span>
7 0
3 years ago
Read 2 more answers
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