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lorasvet [3.4K]
2 years ago
13

A reason why absorption costing income statements are sometimes difficult to interpret is that: Multiple Choice they omit variab

le expenses entirely in computing net operating income. they shift portions of fixed manufacturing overhead from period to period according to changing levels of inventories. they include all fixed manufacturing overhead on the income statement each year as a period cost. they ignore inventory levels in determining cost of goods sold.
Business
1 answer:
suter [353]2 years ago
7 0
I just don’t want you guys going on a
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A ____ is a document from a bank guaranteeing that a seller will receive payment in full as long as certain delivery conditions
Katen [24]

Answer:

Letter of Credit is the correct answer.

Explanation:

7 0
2 years ago
Prepare adjusting journal entries, as needed, for the following items. (If no entry is required for a transaction/event, select
Wewaii [24]

Answer:

Explanation:

The adjusting entries are shown below:

1. Supplies expense A/c Dr $370

       To supplies A/c                          $370

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies balance - supplies on hand

= $570 - $200

= $370

2. Insurance expense A/c Dr $190

         To Prepaid Insurance                  $190

(Being prepaid insurance is adjusted)

3. Salaries expense A/c $1,280

          To Salaries payable A/c        $1,280

(Being salary is adjusted)

The salaries expense is computed by

= Total five days × number of days ÷ total number of days

= $3,200 × (2 ÷ 5)

= $1,280

4. Electricity expense A/c Dr $270

       To electricity payable A/c          $270

(Being electricity usage is adjusted)

7 0
3 years ago
A _____ is an organizational group responsible for coordinating the project management function throughout an organization. a. P
kow [346]

Answer:

Project Management Office is the correct answer.

Explanation:

Project Management Office is a department that focuses on and maintains the quality and overview of project management throughout the organization.

The objective of the Project Management Office is to give a platform that supports all the project teams to achieve and improve the chances of successful outcomes.

5 0
3 years ago
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has.
Dmitry_Shevchenko [17]

When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.

<h3>What is meant by deadweight loss?</h3>
  • The gap between the production and consumption of any given good or service, including taxes, is referred to as deadweight loss in economics. Deadweight loss is most frequently detected when the quantity generated compared to the quantity consumed deviates from the ideal surplus concentration.
  • Overproduction of commodities results in a loss of money. For instance, a baker might only sell 80 of the 100 loaves of bread they produce. There will be a deadweight loss since the 20 remaining loaves will become moldy and dry, and they will need to be thrown away.
  • The loss in economic activity that results when the market pricing of products or services change negatively affects consumers and businesses is referred to as deadweight loss.
  • You need to know the change in price and the change in quantity demanded in order to compute deadweight loss. Deadweight Loss is calculated using the following formula:. 5 * (P2 - P1) * (Q1 - Q2).

When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.

To learn more about deadweight loss, refer to:

brainly.com/question/21335704

#SPJ4

8 0
1 year ago
Swanson company has two divisions; sporting goods and sports gear. the sales mix is 65% for sporting goods and 35% for sports ge
MA_775_DIABLO [31]
We are given
fixed cost, F = $6,660,000
sales mix:
65% sporting goods
35% sports gear
margin ratio:
30% sporting goods
50% sports gear

Now, we solve for the break even point in dollars. We use the formula
x = total fixed cost / [ price - total variable cost/price ]
Using the given values
x = 6660000 / [0.65(0.3)(6660000) + .35(0.5)(660000)]/ [(0.3)(6660000) + (0.5)(660000)]
x = $14,400,000

The breakeven point is $14,400,000
This is the sales when the revenue is just equal to the total cost of producing the products resulting to zero profit.
6 0
3 years ago
Read 2 more answers
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