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
Lemur [1.5K]
3 years ago
10

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?
a. $11,200
b. $63,600
c. $52,400
d. $41,200
Business
1 answer:
mihalych1998 [28]3 years ago
8 0

Answer:

The correct option is D,$41,200

Explanation:

The fact that inventory reduced by 1,400 units implies that the  fixed costs of 1,400 units added to closing inventory under absorption costing method has now been released into income statement as an additional cost in the current year,as result profit under absorption costing method reduce by the increased fixed costs:

net operating income under variable costing   $52,400

less:additional fixed costs (1,400*$8)                  ($11,200)

Profit under absorption costing method              $41,200

The correct option is D,$41,200

You might be interested in
What are some of the things that japan produces?
Shalnov [3]
Japan produces many things. They produce many popular video games, foods, and toys. 
6 0
3 years ago
If nominal gdp is $12 trillion and real gdp is $10 trillion, then the gdp deflator is
Juli2301 [7.4K]
<span>If nominal gdp is $12 trillion and real gdp is $10 trillion, then the gdp deflator is: </span><span>120, and this indicates that the price level has increased by 20 percent since the base year.</span>
<span>
GDP deflator reflect the effects of new prices to the product that produced domestically. 
It calculated with this equation:

GDP Deflator = GDP Nominal/Real GDP x 100

= 12 Trllion /10 Trillion   x 100
= 120</span>
6 0
2 years ago
Nu Furniture has sales of $241,000, depreciation of $32,200, interest expense of $35,700, costs of $103,400, and taxes of $14,63
Svetlanka [38]

Answer:

$122,963

Explanation:

NU furniture have a sales of $241,000

The depreciation is $32,200

The interest expense is $35,700

The costs is $103,400

The tax is $14,637

Therefore, the operating cash flow for the year can be calculated as follows

= Sales-costs-taxes.

= $241,000-$103,400-$14,637

= $122,963

Hence the operating cash flow for the year is $122,963

5 0
3 years ago
Pie Corporation paid $319,500 to acquire 90 percent ownership of Slice Company on April 1, 20X2. At that date, the fair value of
Brums [2.3K]

Answer and Explanation:

As per situation the Journal entries with narrations is here below:-

As per requirement of a

1. Slice Co. investment Dr, $319,500  

        To Cash $319,500

(Being cash paid is recorded)

2. Slice Co. investment Dr, $27,000  

      To  Income from Slice Co. $27,000

(Being investment is recorded)

3 Cash Dr, $13,500  

       To Slice Co. investment $13,500

(Being cash is recorded)

As per requirement b

1. Sales Dr, $90,000  

    To Total Expenses $80,000

     To Dividends Declared $5,000

      To Retained Earnings $5,000

(Being sales is recorded)

2. Common stock Dr, $160,000  

Additional paid-in capital Dr, $40,000  

Retained earnings Dr, $155,000  

Income from Slice Co. Dr, $27,000  

NCI in NI of Slice Co. Dr, $3,000  

       To Dividends declared $15,000  

            ($1,500 + $13,500)

        To Investment in Slice Co. $333,000  

             ($319,500 + $27,000 - $135,00)

         To NCI in NA of Slice Co. $37,000

(Being acquisition is recorded)

5 0
3 years ago
The sum of all the federal deficits over time is known as the
Shkiper50 [21]
<span>The sum of all the federal deficits over time is known as the "national debt".
</span>
National debt refers to the total of all exceptional debt owed by the government. It incorporates the cash the legislature has obtained, as well as the interest it must pay on the acquired cash. The administration strays into the debt when it doesn't gather enough income to cover the costs it brings about from spending on projects, for example, the military, or building streets and extensions. The incomes originate from corporate and salary charges, and the expenses the legislature forces, for example, for visas and travel permits, student loans, and admission to national parks.
7 0
3 years ago
Other questions:
  • O.B. shipping point means
    11·1 answer
  • The authors argue that what we need is "expeditionary economics." this, they say, can shift afghanistan's production possibiliti
    14·2 answers
  • A firm has a marginal cost of $20 and charges a price of $40. The Lerner index for this firm is:________.
    5·1 answer
  • IE 10-1 ... AS/AD Model – Suppose this economy is at Year 4 as a result of an "over-expansion" of the Money Supply by the FED. W
    15·1 answer
  • How do you spot native advertising?
    5·1 answer
  • Actor Sissy Spacek once objected to a series of movie scenes that included her smoking a certain brand of cigarettes. She was pr
    15·1 answer
  • When a corporation issues its capital stock in payment for services, the least appropriate basis for recording the transaction i
    5·1 answer
  • NeeeeeD HeeellllP !!!!!!!!!!!!!!!!
    11·1 answer
  • On January 1, 2014, Evers Company purchased the following machine for use in its production process:
    14·1 answer
  • True or false: when using the time value of money features of a financial calculator, you should key in the interest rate as a d
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!