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3 years ago

The primary difference between variable costing and absorption costing is

Business

1 answer:

IgorLugansk [536]3 years ago

4 0

Answer:

The correct answer is letter "D": in absorption costing, fixed manufacturing overhead is a product cost.

Explanation:

Absorption costing or full costing includes all costs related to the production process like the fixed costs. Variable costing, on the other hand, only includes the variable costs from the production. Absorption costing incorporates allocating fixed overhead costs of each unit produced during a certain period.

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What are the roles of the control unit and the alu?

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3 years ago

A loss is when:

skad [1K]

Answer:

a if revenue is greater the loss in money will deplinish

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2 years ago

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In which situation would you need to compromise to avoid stress and conflict?

Marianna [84]

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3 years ago

Juniper Co uses a perpetual inventory system and the gross method of accounting for purchases. The company purchased $9750 of me

KatRina [158]

Answer:

D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500

Explanation:

The journal entry to record the merchandise return is shown below:

Account payable A/c Dr $1,500

To Merchandise inventory A/c $1,500

(Being returned inventory is recorded)

For recording the returned inventory we debited the account payable and credited the merchandise inventory account so that the proper posting could be done

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3 years ago

Roberto Designers was organized on January 1, 2021. The firm was authorized to issue 100,000 shares of $6 par value common stock

DedPeter [7]

Answer:

The total stockholders' equity at the end of 2021 is $271,500

Explanation:

In order to calculate the total stockholders' equity at the end of 2021 we would have to use the following formula:

Stockholders' equity=Common stock+ Paid-in capital in excess of par+ Net income-Dividends- Treasury stock

Common stock= ( 10,000*$6 + 20,000*$6 ) = $180,000

Paid-in capital in excess of par=(10,000*($8-$6) + 20,000*($9-$6)=$ 80,000 Treasury stock= ( 3,500 * $11 )=$38,500

Therefore, Stockholders' equity= $180,000+$ 80,000 + $100,000-$ 50,000 - $38,500

Stockholders' equity= $271,500

The total stockholders' equity at the end of 2021 is $271,500

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3 years ago