1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Leviafan [203]
3 years ago
11

Absorption-Costing Income Statement During the most recent year, Osterman Company had the following data: Units in beginning inv

entory — Units produced 10,000 Units sold ($47 per unit) 9,300 Variable costs per unit: Direct materials $9 Direct labor $6 Variable overhead $4 Fixed costs: Fixed overhead per unit produced $5 Fixed selling and administrative $138,000 Required: 1. Calculate the cost of goods sold under absorption costing. $ 223,200 2. Prepare an income statement using absorption costing. Enter amounts as positive numbers.
Business
1 answer:
____ [38]3 years ago
8 0

Answer:

Income Statment for the year ended december 31th, 20X9

Sales Revenue 437,100 (9,300 units x 47 price per unit)

COGS           223,200     (9,300 units x 24 unit cost)

Gross Profit         213,900

S&A            138,000

Net Income           75900

Explanation:

Unit cost:

DM + DL + VO + FO = 9 + 6 + 4 + 5 = 24

You might be interested in
ALL MY POINTS DUE IN 15 MINUTES 100 POINTS IF U DONT KNOW DONT ANSWER PLZ HELP GIVING BRAINLIST UNIT 5 ACTIVITY
Phantasy [73]

YALL I NEED THE ANSWERS AS FAST AS POSSIBLE!!!!!!! Answer: y’all i don’t know what the answer is so whenever y’all figure it out let me know because i’m so confused and need all of the answers for all three of them

Explanation: thank you!

5 0
3 years ago
Read 2 more answers
What determines the amount of tax revenue generated from oil and natural gas produced in Texas?
erastovalidia [21]

Answer:

in Texas, the amount of oil and natural gas produced together with the market price determines the amount of tax to be generated.

7 0
3 years ago
You can borrow and lend at the interest rates of 7.00% in the US and 5.00% in Canada. Based on Interest Rate Parity, the forward
LUCKY_DIMON [66]

Answer:

1.90%

Explanation:

Note that that CAD exchange rate would be in terms of how many US dollars can be exchanged for 1 CAD, which means that the formula for forward premium would be stated in terms of US dollars, I mean the US$ as the numerator and CAD's interest rate would be the denominator

the forward premium for CAD=((1+US interest rate)/(1+Canada interest rate))-1

the forward premium for CAD=((1+7%)/(1+5%))-1

the forward premium for CAD=1.90%

7 0
3 years ago
It's the end of the accounting period and no electric bill has been received (but expense has been incurred. ; you should record
Sati [7]
You should make note of the fact that no bill was received but you did make the payment. 
8 0
3 years ago
Read 2 more answers
It is important to think about your own views on leadership. What do you feel are the foundations of what makes a leader success
Anika [276]

Some of the fundamentals of leadership are character, empathy, and integrity. These are essential ingredients of that make a leader successful. From the list below the best perspective would be: "The best style of leadership depends on the situation."

<h3>What is leadership and why is it important?</h3>

Simply said, leadership involves taking chances and questioning the existing quo. Leaders inspire followers to take on new and improved goals.

Leading an organization's resources toward increased efficiency and goal attainment is a crucial management job. Clear objectives are provided by effective leaders, who also inspire and direct their teams to accomplish the organization's goals.

A competent leader will model appropriate behavior for their team members and foster passion for the task being done. Leaders that are accountable and modest will teach their followers how to act in similar ways. In the process, leaders may give team members a good sense of the corporate culture.

Learn more about leadership:
brainly.com/question/29452698
#SPJ1

4 0
1 year ago
Other questions:
  • Bee Company is a honey wholesaler. An income statement and other data for the second quarter of the year are given below: Bee Co
    7·1 answer
  • a call option on Jupiter Motors stock with an exercise price of $75 and one-year expiration is selling at $4. A put option on Ju
    8·1 answer
  • On July 1, 20Y1, Danzer Industries Inc. issued $50,000,000 of 10-year, 8% bonds at a market (effective) interest rate of 10%, re
    9·1 answer
  • a firm in a perfectly competitive industry is producing 1000 units of output and earning revenues of 50000. At that level of out
    6·1 answer
  • At the end of 2017​, Apple had cash and​ short-term investments of $ 74.48 ​billion, accounts receivable of $ 17.58 ​billion, cu
    5·1 answer
  • I don’t know anything ;-;
    7·1 answer
  • 32. How many significant accounting policies are listed under its Summary of Significant Accounting Policies
    11·1 answer
  • Data that is based on natural language, such as social media posts, comments, e-mail messages and so
    8·1 answer
  • If an agent has, within the scope of the agency relationship, committed both negligent and intentional acts resulting in injury
    6·1 answer
  • The act or acts that provides the steps for the Notice-and-Takedown procedures is ____.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!