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
Romashka [77]
3 years ago
11

The beginning inventory is 52,800 units. All of the units that were manufactured during the period and 52,800 units of the begin

ning inventory were sold. The beginning inventory fixed manufacturing costs are $14.70 per unit, and variable manufacturing costs are $30 per unit. a. Determine whether variable costing income from operations is less than or greater than absorption costing income from operations. b. Determine the difference in variable costing and absorption costing income from operations. $
Business
1 answer:
Kazeer [188]3 years ago
5 0

Answer:

a. As per the situation sales exceed production absorption costing income from operations is lesser than variable costing income from operations.

b. $776,160

Explanation:

a. As per the situation sales exceed production absorption costing income from operations is lesser than variable costing income from operations

b. Given that

Beginning inventory = 52,800

Fixed manufacturing costs = $14.70 per unit

Total Beginning inventory = Beginning inventory × Fixed manufacturing costs

= 52,800 × $14.70 per unit

= $776,160

You might be interested in
When one considers the largest manufacturing organizations in the united states, it is clear that they all have one thing in com
REY [17]

They are all picking the largest manufacturing organizations because they are well known. This manufacturer takes the time to advertise and promote themself where different businesses are aware of who they are and want to use them. By investing in your business and advertising, you have a greater chance of reaching more clients.

4 0
3 years ago
Pretax accounting income for the year ended December 31, 2021, was $53 million for Truffles Company. Truffles' taxable income wa
Anuta_ua [19.1K]

Answer:

$17,820,000

Explanation:

The amount of tax due to government authorities for the current period is referred to as current portion of income tax expense. It is calculated by product of current or enacted tax rate and taxable income for the period

Taxable income for 2021 = $66million

Enacted or current tax rate for 2021 = 27%

Current portion of income tax expense for 2021 = Taxable income x current tax rate = $66 million x 27% = $17,820,000million

Hence Current portion of income tax expense = $18 million

4 0
3 years ago
How do individuals benefit from having health insurance? Why is health insurance likely to become a bigger and more complex issu
SVEN [57.7K]

Answer: Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

Explanation:

Health insurance could be described as insurance that covers the health bills of individuals when they are sick or have an accident.

Individuals benefit from health insurance because it's helps them pay off health debt when they may not have the funds at the moment to do so, especially in cases where the bills can be very expensive.

Health insurance would likely be a problem in the future due to the cost. Health bills can be very expensive, especially when it involves illness that require lots of operations or much bills to pay. This has made organizations begin to withdraw the benefits of health insurance for their staff.

5 0
3 years ago
The lifo cost flow assumption assumes that the cost of items purchased ______ are the costs that will be transferred first to co
kkurt [141]
Answer:
-Latest
-Income Statement
3 0
2 years ago
Revved Rider Inc., a motorcycle company, is the market leader due to its superior engine technology and service orientation. The
Eddi Din [679]

<u>Answer:</u> Option B

<u>Explanation:</u>

Revved Rider company is the market leader as the company possess a superior engine technology that is not owned by other companies. This proves that the company has competitive advantage of technology over the competitors in the market.

Competitive advantage means having an advantageous quality which the other companies do not have in the market. When a company has competitive advantage it can become a price leader or market leader. It also becomes the consumer's most preferred company when compared to other companies.

5 0
4 years ago
Other questions:
  • When creating a new quickbooks data file for an existing company, opening balances are added when you:?
    10·1 answer
  • Floating rate bonds are most likely to be popular with investors when it is anticipated that:_________.
    14·1 answer
  • Refer to the original data. The sales manager is convinced that a 10% reduction in the selling price, combined with an increase
    12·1 answer
  • Ryan believes he is responsible for his actions, and he will conduct extensive searches before making a purchase. Michael's favo
    12·1 answer
  • The management of L Corporation is considering a project that would require an investment of $260,000 and would last for 6 years
    12·1 answer
  • Last year, a corporation purchased an office building for $220,000, of which $30,000 was allocated to the land on which the buil
    12·1 answer
  • This organizational structure violates the unity of
    10·2 answers
  • Which activity is a good practice when selling online media?
    11·1 answer
  • Houston Pumps recently reported $172,500 of sales, $140,500 of operating costs other than depreciation, and $9,250 of depreciati
    9·1 answer
  • You have been provided with the following summarized accounts of Golden Times Ltd. For the year ended 31 March 2000:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!