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il63 [147K]
3 years ago
15

Garfield Company has the following information for the current​ year: Beginning fixed manufacturing overhead in inventory $230,0

00 Fixed manufacturing overhead in production 850,000 Ending fixed manufacturing overhead in inventory 50,000 Beginning variable manufacturing overhead in inventory $40,000 Variable manufacturing overhead in production 140,000 Ending variable manufacturing overhead in inventory 30,000 What is the difference between operating incomes under absorption costing and variable​ costing?
Business
1 answer:
Lemur [1.5K]3 years ago
3 0

Answer:

the difference between operating incomes under absorption costing and variable​ costing is $180,000 .

Explanation:

The difference between the two Operating Incomes lies in the amount of Fixed Overheads that has been deferred in Inventory.

So, calculation of the difference will be as follows :

Beginning fixed manufacturing overhead in inventory              $230,000

Less Ending fixed manufacturing overhead in inventory           ($50,000)

Difference  between  absorption costing and variable​ costing $180,000

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Answer:

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Explanation:

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3 years ago
Match each situation with the term that best describes it. Use each term only once.
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Answer:

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Explanation:

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For example, in the case of the subordinate looking up to you as a role model, you should apply personal power in-order to motivate the person. the personal power will help you to build personal relationship between the subordinate and you.

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2 years ago
"A mutual fund manager of a "high technology" fund feels that the market for this sector will remain flat in the next coming mon
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Answer:  C.  narrow-based calls

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The manager should invest in Narrow based calls that focus on the sector if he anticipates that the market will remain flat for the sector. Narrow based Calls are more volatile because they are specific and with the volatility comes higher premiums to be charged.

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3 years ago
LO 3.5If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month, what is their degree of
Mamont248 [21]

Answer:

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