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sveticcg [70]
3 years ago
14

True or false: When units produced are less than units sold, net income under absorption costing will be less than net income co

mputed under variable costing.
Business
1 answer:
Oliga [24]3 years ago
6 0

Answer:

True

Explanation:

Generally, net income will be the same under absorption costing and variable costing. However, producing fewer units than units sold will decrease the net income under absorption costing. As whatever the variable cost is under the absorption method, fixed manufacturing overhead remains the same that decreases the gross profit and net income. Under the variable costing, the fixed overhead will be calculated as per the units produced. Therefore, the net income will decrease proportionately.

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Falling prices send signals to consumers to what?
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3 years ago
AE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repu
AleksandrR [38]

Answer:

4,700 shares

Explanation:

The computation of the number of shares of common stock outstanding at the end of the period is shown below

= Beginning shares + issued shares  - repurchase shares + reissue shares

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= 4,700 shares

We applied the above equation to find out the number of shares outstanding at the end of the year

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4 years ago
An economy has five people: george, sarah, mason, abbot, and jin. george works for plastics, inc., 40 hours a week. sarah works
Katena32 [7]
The unemployed people in this economy are MASON AND ABBOT. 
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3 0
3 years ago
Opentable is a reservation mechanism for restaurants. It uses the Internet to allow consumers to reserve tables in many places t
LUCKY_DIMON [66]

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6 0
3 years ago
Which federal legislation gives consumers the right to know what is in their credit report?
Alinara [238K]

Answer:

b. the fair credit reporting act

Explanation:

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Exert from: https://www.experian.com/blogs/ask-experian/credit-education/report-basics/fair-credit-reporting-act-fcra/#:~:text=The%20Fair%20Credit%20Reporting%20Act%20(FCRA)%20is%20a%20federal%20law,collect%20in%20your%20consumer%20reports.

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3 years ago
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