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alekssr [168]
3 years ago
11

Mill Corporation had the following unit costs for the recently concluded calendar year: Variable Fixed Manufacturing $8.00 $3.00

Non-manufacturing $2.00 $5.50 Inventory for Mill's sole product totaled 6,000 units on January 1 and 5,200 units on December 31. When compared to variable costing income, Mill's absorption costing income is Select one: g
Business
1 answer:
mylen [45]3 years ago
3 0

Answer:

Lower of $2,400

Explanation:

In this question, we have to compare the total fixed manufacturing cost between the two methods which are shown below:

On January 1

= Number of units × fixed manufacturing cost

= 6,000 units × $3

= $18,000

On December 31

= Number of units × fixed manufacturing cost

= 5,200 units × $3

= $15,600

The difference between these two amounts would be $2,400 ($18,000 - $15,600)

In the variable costing, this cost should not be recognized in the income statement while in absorption costing, this cost should be recognized in the income statement as it is goes to the cost of goods sold as an expense.. So, the net income lower of $2,400

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6 0
3 years ago
Which one of the following basic patterns of demand is difficult to predict because it is affected by national or international
alexdok [17]

Answer: D) cyclical

Explanation:

Cyclical Demand is difficult to predict because it goes according to the business cycle and hence is affected on a Macro Economic scale by events at a National or International level.

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8 0
3 years ago
Cycle​ Haven, Inc. offers warranties on all their bikes. They estimate warranty expense at​ 4.5% of sales. At the beginning of​
Aleks04 [339]

Answer:

$13,725

Explanation:

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= $13,725

5 0
3 years ago
Whats the estimate sum for 3/56+8/9
valentinak56 [21]
You can make 9 into a fraction with the denominator of 56.

8/9= 48/56 (multiply both by 6)

Just add three to the numerator. We can round 48 to 50, so:

50/56+3/56= 53/56 That would be the estimation.

I hope this helps!
~kaikers
4 0
3 years ago
The following are all disadvantages of SWOT analyses, EXCEPT: a. Critics of SWOT analysis argue that it is too simplistic and do
serious [3.7K]

Answer: Option (C)

Explanation:

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