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GarryVolchara [31]
3 years ago
7

Osawa, Inc., planned and actually manufactured 200,000 units of its single product in 2017, its first year of operation. Variabl

e manufacturing cost was $20 per unit produced. Variable operating (nonmanufacturing) cost was $10 per unit sold. Planned and actual fixed manufacturing costs were $600,000. Planned and actual fixed operating (nonmanufacturing) costs totaled $400,000. Osawa sold 120,000 units of product at $40 per unit.
Required:

​Osawa's 2017 operating income using variable costing is​:________

(a) $ 620,000​,

​(b) $ 340,000​,

​(c) $ 200,000​,

​(d) $ 560,000​, or​

(e) none of these.

Show supporting calculations. Begin by selecting the labels used in the variable costing calculation of operating income and enter the supporting amounts. Perform the calculations in this​ step, but select the correct operating income in the next step.
Business
1 answer:
kompoz [17]3 years ago
6 0

Answer:

The correct answer is C.

Explanation:

<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

We need to calculate the net operating income:

Sales= 120,000*40= 4,800,000

Total variable cost= (20 + 10)*120,000= (3,600,000)

Total contribution margin= 1,200,000

Fixed manufacturing costs= (600,000)

Fixed operating (nonmanufacturing) costs= (400,000)

Net operating income= 200,000

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Explanation:

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When goods are sold they are credited to the Sales Account and it is no different here.

Therefore, When a Retail Merchandising Business sells goods to a customer the amount of the sold merchandise is credited to the Sales Account which makes the above statement false.

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A _____________________ is created during the first half of the Sprint planning meeting and a _________________ is created durin
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Answer:

The correct answer is letter "C": Sprint Goal, Sprint Backlog.

Explanation:

Sprint Planning is the first event where the task to be done in the course of the sprint is planned. In this meeting, the <em>Scrum Master, Product Owner, and the Developing team</em> meet. After brainstorming, the Sprint goal is set during the first half of the planning. In the second half, the Sprint backlog is created to establish the steps that will be taken in the effort of achieving the Sprint plan.

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Where does the 32 come from in cash received for common stock issued
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Suppose that $ 5 000 is invested at 3.9 % annual interest​ rate, compounded monthly. How much money will be in the account in​ (
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Answer:

(A) $5,131.5

(B) $12,729.5

Explanation:

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Answer:

1. True.

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3. True.

4. False.

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1. <u>True</u>: GAAP is the term used to indicate the whole body of FASB authoritative literature.

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