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Delvig [45]
3 years ago
12

Rugrat Company has the following information for the current year: Beginning fixed manufacturing overhead in inventory $190,000

Fixed manufacturing overhead in production 750,000 Ending fixed manufacturing overhead in inventory 50,000 Beginning variable manufacturing overhead in inventory $20,000 Variable manufacturing overhead in production 100,000 Ending variable manufacturing overhead in inventory 30,000 What is the difference between operating incomes under absorption costing and variable costing?
Business
1 answer:
inessss [21]3 years ago
8 0

Answer:

$140,000

Explanation:

The  difference between operating incomes under absorption costing and variable costing based on fixed expenses is shown below:

Variable costing:

Fixed manufacturing overhead in production $750,000

Absorption costing:

The Fixed cost would be

= Beginning fixed manufacturing overhead in inventory + Fixed manufacturing overhead in production - Ending fixed manufacturing overhead in inventory

= $190,000 + $750,000 - $50,000

= $890,000

So, the difference would be

= $890,000 - $750,000

= $140,000

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The LaPann Corporation has obtained the following sales forecast data: July August September October Cash sales $ 80,000 $ 70,00
Alika [10]

Answer:

1. 166,000

2. 188,000

Explanation:

The budgeted accounts receivable balance on September 30  and Budgeted cash receipts for october n be calculated as follows

July

Opening                          -

Credit sales                 240,000

Collection

20% of July                 48,000

Closing                      192,000

August

Opening                       192,000

Credit sales                 220,000

Total                             412,000

Collection

20% of August             44,000

70% of July                  168,000

Total receipts              208,000

Closing                         200,000

September

Opening                         200,000

Credit sales                    180,000

Total                               380,000

Collection

20% of september          36,000

70% of august                  154,000

10% of july                        24,000

Total receipts                  214,000

Closing                             166,000

October

Opening                         166,000

Credit sales                   200,000

Total                               366,000

Collection

20% of October               40,000

70% of september           126,000

10% of august                   22,000

Total receipt                     188,000

Closing                             178,000

8 0
3 years ago
A local candidate running for office would very much like to have your vote. She promises that she will "make the country better
grigory [225]

Answer:

The correct answer is letter "D": something to exchange is missing.

Explanation:

Marketing refers to all the efforts companies and individuals make to promote their goods or services. One of the functions of marketing is being a bridge between what a consumer wants and what companies or individuals can provide. In that scenario an exchange takes place.

Thus, <em>as the candidate is not offering something you are looking for, there is no exchange in between being that the reason why you did not vote for her</em>.

7 0
3 years ago
A rodent species that once experienced much predation now has lower predation risk. As a consequence, the mortality of maturing
USPshnik [31]

Answer:

A shift to later reproduction with benefit of higher fecundity, because of their smaller size.

Explanation:

When an organism faces high predatory risk they tend to adapt in order to survive predation. Generally the smaller an animal is the lower it's mortality.

So as the rodent has reduced predation it must have reduced its size.

The rodent will also be involved in reproductive activity that will increase it fecundity. That is a later reproduction with benefit of higher fecundity.

In a bid to survive extinction the rodent will have developed a strategy to have high reproduction of offspring and smaller size that promotes lower mortality.

7 0
3 years ago
A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive. Then, the
andriy [413]

Answer:

The correct answer is option c.

Explanation:

A competitive firm has been selling its output for $20 per unit and has been maximizing its profit, which is positive.

The price falls to $18, and the firm makes whatever adjustments are necessary to maximize its profit at the lower price.

A competitive firm will produce at the point where the marginal cost is equal to price. When the price is lowered the firm will produce at a point with lower marginal cost.  

It will thus produce lesser output than what it was producing earlier. So the quantity of output will be lower than previously.

7 0
3 years ago
General Forge and Foundry Company has a quick ratio of 2.00; $38,250 in cash; $21,250 in accounts receivable; some inventory; to
Vlada [557]

Answer:

The answer is General Forge and Foundry Company selling and replacing its inventory 2.55 times per year on average.

Explanation:

We have:

The company cost of good sold = Sales x 65% = 100,000 x 65% = $65,000

The company inventory = Total current asset - Cash - Account Receivable = 85,000 - 38,250 - 21,250 = $25,500

=> Inventory turn over ratio = Cost of good sold / Inventory = 65,000/25,500 = 2.55 times or the company is selling and replacing its inventory 2.55 times per year.

So, the answer is 2.55 times.

4 0
3 years ago
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