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
eimsori [14]
3 years ago
9

Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The comp

any produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $990. Selected data for the company’s operations last year follow:
Units in beginning inventory 0
Units produced 250
Units sold 230
Units in ending inventory 20
Variable costs per unit:
Direct materials $145
Direct labor $365
Variable manufacturing overhead $40
Variable selling and administrative $ 25
Fixed costs:
Fixed manufacturing overhead $65,000
Fixed selling and administrative $ 29,000
The absorption costing income statement prepared by the company’s accountant for last year appears below:

Sales $ 227,700
Cost of goods sold 186,300
Gross margin 41,400
Selling and administrative expense 34,750
Net operating income $ 6,650

1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year?
2. Prepare an income statement for last year using variable costing. What is the amount of the difference in net operating income between the two costing methods?
Business
1 answer:
viktelen [127]3 years ago
7 0
The person above me is right
You might be interested in
Kristi's Pottery sold 200 tiles at $25.00 each to a charge customer, terms 1/10, n/30. Which entry is required to record this tr
loris [4]
Debit Accounts Receivable $5,000; credit Tile Sales $5,000
4 0
3 years ago
Read 2 more answers
Jillian has just started her first job with a $45,000 salary at a company with a 401(k) plan that has a 100% match up to 3% gros
gogolik [260]

Answer:

Jillian

What Jillian should ideally do is:

a. Contribute 1650 in a Roth IRA, and 1350 In her company’s 401(k) plan.

Explanation:

a) Data and Calculations:

Salary = $45,000

401(k) = 3% of $45,000 = $1,350

Employer's match to the 401(k) = $1,350 (100%)

Savings affordable = $3,000

b) Jillian can contribute to Roth IRA and her company 401(k) which her company will also match 100%.  Her contributions to both funds are within the allowed limits.  In 2020, the allowed limit of 401(k) plan is $19,500 while that of Roth IRA is $6,000.

4 0
3 years ago
Choose the correct statement.
AfilCa [17]

Answer:

D. The outlet substitution bias injects an upward bias into the CPI

Explanation:

4 0
3 years ago
Select the correct answer. Martha is a healer, a healthcare provider, and an experienced nurse. She wants to share her daily exp
Assoli18 [71]

Since Martha wants to share her daily thoughts and knowledge, while also letting other people have the chance to comment or ask questions to her about what she wrote, she should consider making a (E) blog.

A blog is <em>a form of online journal that is presented in chronological order.</em> The other options are unsuitable because it might be consider spamming if she posts only about her personal life (message board, wiki), and are not available to a wide circle of readers (email, chat).

5 0
3 years ago
Read 2 more answers
A partial payment given in order to show intent of purchase is called what?
mel-nik [20]
A down payment is a <span>partial payment given in order to show intent of purchase.  When you intend to make a purchase of an item but do not have the means to pay in full or if a full upfront payment is not required, a down payment may be. A down payment can be a set amount or percentage that is agreed upon by the purchaser and the seller for the intent to purchase the item in full. In most cases, there is a contract outlining the partial down payment and then when everything is due in full. </span>
6 0
3 years ago
Other questions:
  • Washington state university lost its football game against notre dame in overtime, when the kicker missed. the kicker got death
    9·2 answers
  • The passage is primarily concerned with(A) evaluating a method used to test a particular scientific hypothesis(B) discussing exp
    8·1 answer
  • The preferred debt-to-income ratio is usually: A. 28 percent B. 36 percent C. 40 percent D. 50 percent
    6·1 answer
  • Rachel is deciding whether to remain in the home she has lived in for the past ten years, which is located very near her work, o
    6·1 answer
  • What is internet reendorsement?
    15·1 answer
  • Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Co
    14·1 answer
  • The price of a gallon of gasoline in bonland is? $3.20. however, just before the? election, the government decides to fix the pr
    6·1 answer
  • What is the best brand of pillar candles?
    12·1 answer
  • (1) (2) (3) DI C DI C DI C $ 0 $ 4 $ 0 $ 65 $ 0 $ 2 10 11 80 125 20 20 20 18 160 185 40 38 30 25 240 245 60 56 40 32 320 305 80
    7·1 answer
  • The chart shows a sample budget.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!