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Kobotan [32]
3 years ago
8

Kluber, Inc. had net income of $900,000 based on variable costing. Beginning and ending inventories were 55,000 units and 52,000

units, respectively. Assume the fixed overhead per unit was $1.25 for both the beginning and ending inventory. What is net income under absorption costing
Business
1 answer:
tensa zangetsu [6.8K]3 years ago
6 0

Answer:

$896,250

Explanation:

Net income under absorption costing= net income under variable costing-( beginning inventory- ending inventory) X fixed overhead 1.25%

= 900,000-[( 55,000-52,000)*1.25]

= 900,000- 3750

=$896,250

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They save you time designing slides and allow you to focus more on the content.
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Sometimes food is produced in other countries that do not have the same level of chemical safety as in the US. This imported foo
Artemon [7]

Answer:

The correct answer is letter "A": affordable food creates an external benefit rather than an external cost in the case.

Explanation:

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Thus, importing less-expensive but chemically-dangerous food will create a positive externality to consumers purchasing those types of foods since less money is getting out of their pockets without them having to influence discounts.

4 0
3 years ago
The replacement cost of an inventory item is below the net realizable value and above the net realizable value less the normal p
Andrews [41]

Answer:

D. Replacement cost.

Explanation:

As we know that the inventory should be recorded at the cost or market value whichever is lower

Given that

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As if we compare the original cost and replacement cost so the lower value is of replacement cost

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4 0
2 years ago
Imagine that you have received an overdraft notice on your checking account. Which steps should you take? Sort these options int
attashe74 [19]

Answer:

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"Actions To Avoid"

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6 0
3 years ago
Read 2 more answers
Narver Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department
Karo-lina-s [1.5K]

Answer:

44,780 units

Explanation:

When a company uses the weighted average method in its process costing system, the beginning inventory nor the units transferred in are included in the calculations for equivalent units. Only units transferred out and ending inventory are use to calculate equivalent units:

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8 0
3 years ago
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