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
Bess [88]
4 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]4 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

You might be interested in
What is the risk you are taking when investing in bonds? How can you minimize this risk?
viva [34]

Answer:

Risk: The bonds you own will decline if interest rates rise, interest rate risk.

Minimalize:

- Don't buy bonds when interest rates are low or rising. Buy when stable.

- Stick to short term issues (3 - 5 years)

- Buy bond with different maturity dates

Explanation:

Good luck <3

3 0
3 years ago
What are the main advantages and disadvantages of organizing a firm as a​ corporation? the advantages​ are: ​(select all the cho
Elena L [17]

I believe the answers are:

a. there is no limit on the number of owners a corporation may​ have, thus allowing the corporation to raise substantial amounts of capital.

They do this by selling shares on the stock market. When the shares is sold in this place, every individuals who can afford the price of  a single share are eligible to be part owner of the corporation.

b. the life of the business can continue beyond the death of any of the owners.

In corporations, when one of the owners somehow died, the ownership of the corporations would be transferred to the person whould receive the inheritence (usually immdediate family members)

c. the corporation can use the assets of the owners to pay for corporate liabilities.

This happen during the liquidation process. To pay for corporate liabilities, owners had to sell their assets with the equal value of their percentage of their ownership times the amount of liabilities.

4 0
3 years ago
Which of the following will increase a company’s current liabilities? You may select more than one answer.
vichka [17]

Answer:

A company purchases inventory on credit.

Explanation:

Current liabilities are those that have to be settled within the fiscal year. The statement above does not specify if the credit has to be paid within the fiscal year, but most likely it has to, because inventories do not usually represent a long-term debt.

So under this sceneario, purchasing inventory on credit would represent an increase in the current liabilities of the firm.

8 0
3 years ago
White Company's wages payable account had a beginning balance of $3,757 and an ending balance of $2,070. During the year, wages
borishaifa [10]

Answer:

the amount paid during the year is $16,875

Explanation:

The computation of the amount paid during the year is shown below:

Opening Balance $3,757

Add: Wages expense $15,188

Less: Closing Balance -$2,070

Amount Paid $16,875

Hence, the amount paid during the year is $16,875

We simply applied the above formula so that the correct value could come

And, the same is to be considered

7 0
3 years ago
Irene wants to start a business selling t-shirts. irene's top priority is that she alone has complete control over management de
antoniya [11.8K]

The answer is LLC or also known as Limited Liability Company. This type of hybrid legal entity has the characteristic of mixed characteristics of a partnership, sole proprietorship and even a company in which they have a limited liability that could also be similar to shareholders in a corporation.

3 0
3 years ago
Other questions:
  • Pico, a famous chef, agrees to give ten culinary les-sons to rhoda in exchange for $1,200. pico's attempt to transfer his contra
    14·2 answers
  • Which of the following is correct?
    15·1 answer
  • Which statement concerning process cost accounting is correct?  
    8·1 answer
  • At September 1, 2017, Five-O Inc. reported retained earnings of $136,000. During the month, Five-O generated revenues of $20,000
    8·1 answer
  • Four years ago, on January 1, California Creamery bought a new delivery truck for $30,000. The company planned to use the truck
    5·1 answer
  • Sean recently bought an expensive tablet from Sigma Inc. He is very happy and satisfied with the tablet's performance and has ev
    7·1 answer
  • Which of the following is not a benefit of a store channel shopping experience?
    14·1 answer
  • You are considering two equally risky annuities, each of which pays $5,000 per year for 10 years. Investment ORD is an ordinary
    15·1 answer
  • On July 4, Cullumber's Restaurant accepts a Visa card for a $1,350 dinner bill. Visa charges a 2% service fee. Prepare the entry
    14·1 answer
  • Effects of business controls on the current and future operations of an enterprise
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!