Answer:
Under variable costing, the company's net operating income for the year would be $60,000 lower than under absorption costing.
Explanation:
The computation of the operating income under variable costing is shown below:
But before that following calculations need to be done
Fixed manufacturing overhead per unit is
= $240,000 ÷ 20,000 units
= $12 per unit
Ending Inventory units is
= 20,000 units - 15,000 units
= 5,000 units
Now Cost of ending Inventory deferred under absorption costing is
= 5,000 units × $12
= $60,000
So, the second option is correct
<span>The value of ownership built up in a home or property that represents the current market value of the house less any remaining mortgage payments. This value is built up over time as the property owner pays off the mortgage and the market value of the property appreciates.</span>
The term is "selection".
Paul B. Baltes was a German therapist whose expansive scientific plan was dedicated to building up and advancing the life-span orientation of human advancement. He was likewise a scholar in the field of the psychology of aging. Baltes was born in 1939 and died in 2006 at the age of sixty-seven.
Answer:
<u>income statement</u>
Service revenue
Advertising expense
<u>balance sheet</u>
Notes payable
Common stock
Cash
<u>retained earnings statement.</u>
Nill
Explanation:
The Income Statement records <em>Incomes</em> and <em>Expenses</em>. It is used to calculate the Profit earned during the reporting period.
The Balance sheet records <em>Assets</em>, <em>Liabilities</em> and <em>Owners Equity</em>. The Balance Sheet uses Accounting equation : Assets = Liabilities + Owners Equity.
The Retained Earnings records the <em>Opening and Closing Retained Earnings</em> Balances, <em>Profit for the Year</em> and <em>Dividends Paid</em>. It is used to determine the Balance at the end of the year in Profits attributable to Owners
Answer:
The correct answer is B.
Explanation:
Savings and credit cooperatives or, simply, credit cooperatives are cooperative societies whose corporate purpose is to serve the financial needs of their members and third parties through the exercise of the activities of credit institutions.
Savings and credit cooperatives are also known for their acronym in English, SACCO: Savings and Credit Cooperative.
These cooperatives are usually local and seem to be more suited to rural areas. Above all they have access to external funds and they are properly managed. And although there is a World Council of Credit Unions (WOCCU) there are few local or rural cooperatives associated with it.