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sweet [91]
3 years ago
14

The reporting method that includes in the cost of inventory (and cost of goods sold) all product costs, including both fixed and

variable costs is known as:
Business
1 answer:
Vlad [161]3 years ago
7 0

Answer:

The answer is absorption costing.

Explanation:

This method is used to indicate that all costs have been absorbed by the units produced, and  includes the following costs (fixed and variable):

1. Direct labor.

2. Direct materials.

3. Fixed manufacturing overhead.

4. Variable manufacturing overhead.

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uction Services started the year with total assets of and total liabilities of . The revenues and the expenses for the year amou
VARVARA [1.3K]

Answer: $20,000

Explanation:

Net Income is the amount from revenue that the company made over expenses. It is therefore;

= Revenue - Expenses

= 110,000 - 90,000

= $20,000

<em>Note: Dividends are not considered in the calculation of Net Income as they are not expenses. </em>

8 0
3 years ago
Accounting: A. measures business activities. B. is often called the language of business. C. processes data into reports and com
Anvisha [2.4K]

Answer: Is all of the above.

Explanation:

Accounting involves the process of taking accurate records of financial and non-financial activities of a business organization. Accounting is the language of business as it is needed for every business to succeed, also in accounting, records are kept that are useful in decision making.

7 0
3 years ago
MC Qu. 74 If a firm's forecasted sales are... If a firm's forecasted sales are $238,000 and its break-even sales are $184,000, t
KonstantinChe [14]

Answer:

22.69%

Explanation:

Margin of safety = (forecasted sales -  break-even sales) / forecasted sales

( $238,000 - $184,000) / $238,000 x 1000 = 22.69%

3 0
2 years ago
What are interpersonal skills?
kicyunya [14]

Answer:

The answer is 2

Explanation:

Answer is the letter D the overall way you deal ith conflicts

3 0
3 years ago
Read 2 more answers
What is the meaning of deplation​
slava [35]

Answer: The meaning of depletion to allocate the cost of extracting natural resources like oil and minerals from the earth.

Explanation:

  • The term depletion is a concept generally we use in tax and accounting.
  • The meaning of depletion is to move the cost of extracting natural resources like oil and minerals from the earth to the income sheets.
  • It is a non-cash expense that lowers the cost value of an asset gradually scheduling charges to the income.
  • To evaluate the depletion per unit we divide the total cost less salvage value by the total number of estimated units.

5 0
2 years ago
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