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Bess [88]
3 years ago
15

TB MC Qu. 7-69 Bellue Inc. manufactures a single product. Variable costing ... Bellue Inc. manufactures a single product. Variab

le costing net operating income was $81,900 last year and its inventory decreased by 2,800 units. Fixed manufacturing overhead cost was $3 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year?
Business
1 answer:
Greeley [361]3 years ago
4 0

Answer:

$73,500

Explanation:

The computation of the absorption costing net operating income last year is shown below:

= Variable costing net operating income - inventory units × Fixed manufacturing overhead cost per unit

= $81,900 - 2,800 units × $3

= $81,900 - $8,400

= $73,500

We simply deduct the fixed manufacturing overhead cost from the variable costing net operating income to find out the absorption costing net operating income

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In each of the following independent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) deducti
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Answer: kindly check your questions, I don't think it's complete.

For the first independent case as you have given in the question. Here is the answer below:

1) Ted paid $90 rent on a safety deposit box at the bank. In this box he kept the few shares of stock that he owned-------

Answer

Deductible for AGI $0

Deductible from AGI $90

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------For the remaining independent cases as you omitted in the question will be seen below with answers

2.Tyler paid $177 for minor repairs to the fence at a rental house he owned

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And Rental expense.

3)Timmy paid $585 for health insurance premiums this year (not through an exchange). Timmy is employed full-time and his employer paid the remaining premiums as a qualified fringe benefit.

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Deductible for AGI $0

Deductible from AGI $585

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The health insurance premium is from AGI,

Health itemized deduction which is also subjected to an AGI floor limitation.

4)Tess paid $2,090 of state income taxes on her consulting income. (W-2)

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Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota
UkoKoshka [18]

Answer:

The correct answer is 2.39

Explanation:

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OCCUPANCY = $169,000

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here for calculating the activity rate for activity cost pool , we will only use the given percentages of wages and salaries, depreciation and occupancy in the activity cost pool -

                         Amount            Activity cost pool              Amount allocated

Wages             $433,000                     20%                            $86,600  

Depreciation   $160,000                      10%                             $16,000

Occupancy      $169,000                      10%                             $16,900

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Therefore the activity rate for activity cost pool is 2.39

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