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vredina [299]
3 years ago
9

On November 30, the end of the first month of operations, Weatherford Company prepared the following income statement, based on

the absorption costing concept:
Weatherford Company Absorption Costing Income Statement For the Month Ended November 30
Sales (104,000 units) $5,200,000
Cost of goods sold: Cost of goods manufactured (120,000 units) $4,560,000
Inventory, November 30 (16,000 units) (608,000)
Total cost of goods sold 3,952,000
Gross profit $1,248,000
Selling and administrative expenses 400,000
Income from operations $848,000
Required :
1. Assume the fixed manufacturing costs were $960,000 and the fixed selling and administrative expenses were $280,000. Prepare an income statement according to the variable costing concept.

Business
1 answer:
ololo11 [35]3 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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A __ is usually one of the first things a prospective employer sees when you apply for a job, so it is important to highlight yo
butalik [34]

Answer:

A place where they can work

6 0
3 years ago
Rangle contracts with Siena to buy a certain horse for her. Rangle makes a deal with Timberline Stables, the owner of the horse,
Ann [662]

Answer: indemnification

   

Explanation: The indemnification clause is essentially the other party's obligation to compensate your damages if they do something that hurts you or allows you to be sued by a third party.

Indemnifying and keeping innocent means the same thing — making it whole after a defeat. Usually, but not always, the obligation to indemnify is reconcilable with the contractual obligation to "keep harmless" or "save harmless.

Hence from the above we can conclude that Rangle has right of indemnification.

6 0
3 years ago
Joe sends a scathing email to his boss regarding increased work hours. Joe tries to deny sending the email, but is unable to due
Artemon [7]

Answer:

nonrepudiation.

Explanation:

Non repudiation is assurance that you cannot deny something.

It refers to ensure that a person to contract cannot deny the sending of the message that they originated.

So when Joe sends a withering email to this about the work hours have increased.So when Joe tries to deny sending the mail and unable to deny the sending because of the use of digital signature it is an example of nonrepudiation.

7 0
3 years ago
It is the end of the year but not the end of the pay period. How will this affect the balance sheet?
Nataliya [291]

Answer:

This has no effect on the period-end balance sheet.

Explanation:

A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

According to the question asked the balanced sheet was prepared before the pay period came so this effect will not affect the balance sheet.

8 0
3 years ago
Read 2 more answers
The central bank buys $15,000 worth of bonds in the open market from Christopher, who
vladimir2022 [97]

Answer:

(a) What is the amount by which Carla Bank's liabilities have changed?

Carla Bank's liabilities increased by $15,000 (bank deposits are liabilities).  

(b) Calculate the change in required reserves for Carla Bank.

Carla Bank's reserves must increase by $15,000 x 5% = $750

(c) What is the dollar value of the maximum amount of new loans Carla Bank can initially make because of Christopher's deposit?

Carla Bank can loan $15,000 x 95% = $14,250

(d) Based on the central bank's open-market purchase of bonds, calculate the maximum amount by which the money supply can change throughout the banking system.

Money multiplier = 1 / 5% = 20

The money supply has the potential to increase by $15,000 x 20 = $300,000

(e) How will the change in the money supply in part (d) affect aggregate demand in the short run? Explain.

Aggregate demand will increase since the total money supply increases. This should also help to decrease the interest rates and foster investment.

4 0
2 years ago
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