1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Whitepunk [10]
3 years ago
13

Landow Company uses variable costing for internal purposes and wants to restate income to that of absorption costing for externa

l reporting purposes. Landow's income under variable costing is $630,000. Fixed production cost in ending inventory is $120,000 and $85,000 in beginning inventory. What is Landow's income under absorption costing?
Business
1 answer:
zubka84 [21]3 years ago
4 0

Answer:

$635,000

Explanation:

The computation of the net income under absorption costing is shown below:

= Income under variable costing + fixed production cost in ending inventory - beginning inventory

= $630,000 + $120,000 - $85,000

= $635,000

By adding the fixed cost and deduct the beginning inventory to the variable costing income we can easily calculate the absorption costing income

You might be interested in
An economy is experiencing a recessionary gap. The government can​ ______.
Jobisdone [24]

Answer:

Increase expenditure or cut taxes to increase aggregate demand.

Explanation:

A recessionary gap is a macroeconomic term which portrays an economy working at a level underneath its full-employment equilibrium. Under a recessionary gap condition, the degree of real gross domestic product (GDP) is lower than the degree of full employment, which puts descending pressure on prices over the long haul.

6 0
3 years ago
Giorgio Italian Market bought $11,100 worth of merchandise from Food Suppliers and signed a 120-day, 9% promissory note for the
Anvisha [2.4K]

Explanation:

The journal entry is as follows

Notes receivable A/c Dr $11,100

         To Sales A/c $11,100

(Being the sales is recorded)

Since the merchandise transaction is done through note receivable so we debited the note receivable account and the transaction is of sale type so the sales account is credited. Both the transactions are recorded at $11,100

4 0
3 years ago
Suppose that firm a dislikes hiring black accountants, while firm b is happy to hire them. so ted ends up working at firm b rath
egoroff_w [7]
<span>Regardless of the firm, most companies will do at least a bi-annual audit if not quarterly. In this case Ted would do the same amount of audits for either company, two to four depending on the companies frequency.</span>
6 0
3 years ago
Does Audit services needed in Auchi polytechnic student union government? If yes,why
Zepler [3.9K]

Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.

.

<h3>What is the student union?</h3>

The student union is known to be a body that is composed of student of any university, polytechnic or college institution.

It is known to be a body that is autonomous and one whose internal life set up its own by-laws.

Note that the student unions are often allocated funds by the university or polytechnic  and as such they have to use the audit service because some of their leaders may squander the money given to them., So this will help to checkmate them.

Hence, Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.

Learn more about student union government from

brainly.com/question/14856644

#SPJ1

3 0
1 year ago
What three words would you use to describe the culture you would foster at your company? Explain why you chose each word to repr
diamong [38]
The words are
transparent,involved,and empathetic
5 0
2 years ago
Other questions:
  • Is a company that has a proven business model and is willing to sell the rights?
    9·1 answer
  • A personal account earmarked as a retirement supplement contains $338,000. Suppose $300,000 is used to establish an annuity that
    10·1 answer
  • Select the correct version of each pair of the following sentences. Local markets have become saturated; therefore, companies no
    5·2 answers
  • Economic questions always deal with:
    7·1 answer
  • Chelsea Milling Company makes Jiffy packaged baking mixes. It was established in 1930. It has never spent one cent on advertisin
    8·1 answer
  • Company A accounts for its investment in Company B under the equity method. Company A carried the Company B investment at $150,0
    15·1 answer
  • If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)
    9·1 answer
  • The government decides to place a tariff on platinum imports because it determines that mining practices abroad are not as stric
    15·1 answer
  • Fact Pattern 28-2 Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly fast
    13·1 answer
  • Funds that are identified for specific work packages and cover risks that have a low probability of occurring are called _______
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!