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il63 [147K]
4 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]4 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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A person should consume more of something when its marginal.
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True

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3 years ago
If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, what kind analysis might they
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2 years ago
At a growth (interest) rate of 13 percent annually, how long will it take for a sum to double? To triple?
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Answer:

5.67  years

8.99    years

Explanation:

The relationship between future value, present value, interest rate as well as the duration of an investment(n) are depicted below with future value formula:

FV=PV*(1+r)^n

FV=future value( let us assume it is $10,000)

PV=$5,000( half of the present value)

r=13% interest rate

n=duration of the investment=the unknown

10,000=5000*(1+13%)^n

10,000/5000=1.13^n

2=1.13^n

take log of both sides

ln(2)=n ln(1.13)

n= ln(2)/ln (1.13) = 5.67  years

Triple of original investment:

FV=PV*(1+r)^n

FV=future value( let us assume it is $15,000)

PV=$5,000(one-third of the present value)

r=13% interest rate

n=duration of the investment=the unknown

15,000=5000*(1+13%)^n

15,000/5000=1.13^n

3=1.13^n

take log of both sides

ln(3)=n ln(1.13)

n= ln(3)/ln (1.13) = 8.99    years

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"paid as agreed" on your credit report is
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4 years ago
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