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VLD [36.1K]
2 years ago
6

Last year, Tinklenberg Corporation's variable costing net operating income was $52,400 and its inventory decreased by 1,400 unit

s. Fixed manufacturing overhead cost was $8 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year?
Business
2 answers:
Cloud [144]2 years ago
3 0

Answer:

the absorption costing net operating income last year is  $41,200

Explanation:

Absorption Costing Net Operating Income for last year is determined by reconciling the Variable Costing Income to Absorption Costing Income.

<u>Calculation of Absorption Costing Net Operating Income</u>

Variable Costing Income                                             $52,400

<em>Less</em> Decrease in Inventory ( 1,400 × $8)                   ($11,200)  

Absorption Costing Net Operating Income               $41,200

Absorption Costing Net Operating Income will be <em>lower than </em>Variable Costing Income.

11Alexandr11 [23.1K]2 years ago
3 0

Answer:

<em>Net operating income  under absorption costing</em><em> = $41,300</em>

Explanation:

<em>The difference between variable costing and profit under absorption costing is simply the value of the change in inventory.</em>

<em>Usually, a decrease in inventory would cause profit under absorption costing to be lower . This is so because cost of goods sold would become higher leading to a lower profit</em>

Difference in profit = POAR × change inventory

                               =$8 × 1,400 = $11,200

Absorption costing profit = Variable costing profit - Difference in profit

               =$52,400 - $11,200

              = $41,300

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Republican Governor Hiram Johnson was the California governor who was instrumental in changing the executive bureaucracy from a spoils system to a merit system.

A spoils system refers to a system of patronage in which the victorious candidate or party in an election gives public offices to their supporters as reward and incentive.

It was a common phenomenon in the United States, until a civil service reform movement led to passage of the Pendleton Act of 1883, which instituted merit-based appointments to offices at the federal level.

Hiram Johnson was a former Governor of California between 1917 to 1945. He was credited with many progressive reforms, among which was ensuring the executive bureaucracy operated on the basis of merit and not political patronage.

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Crane Sales Company uses the retail inventory method to value its merchandise inventory. The following information is available
Marysya12 [62]

Answer:

C. $222,500 ÷ $313,500

Explanation:

Calculation for cost to retail ratio

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As price elasticity of supply increase the supply curve?​
egoroff_w [7]

Answer:

As price elasticity of supply increase the supply curve will be closer to the horizontal axis thus shallower.

Explanation:

The price elasticity of supply can be defined as a measure of how much the price of a good or service changes with a corresponding change in the supply of that specific good or service. This means that a good or service can be described as either elastic or inelastic depending on how it's price and supply parameters behave. Inelastic goods are those goods whose price change with reference to their supply do not change much. These goods are sometimes referred to as essentials since people tend to buy them even if the prices are high. On the other hand, elastic goods are those ones whose price fluctuates depending on the supply. These goods are called luxuries, since people buy them only when their prices are low, and avoid them when the price rises.

The price elasticity of supply can be determined using the expression below;

E=%Q/%P

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%Q=percentage change in quantity supplied

%P=percentage change in the price for the corresponding changes in quantity supplied

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A product that has more price elasticity of supply will cause the supply curve to be shallower: closer to the horizontal axis. On the other hand a product with less elastic supply will make the supply curve to be steeper: closer to the vertical.

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