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
bazaltina [42]
2 years ago
9

Match the appropriate costing method to the description

Business
1 answer:
sp2606 [1]2 years ago
8 0

Answer:

  • a. Absorption costing only  --  8. Includes gross profit on the income statement
  • 2. Required by generally accepted accounting principles.
  • b. Variable costing only  --  6. Generally provides the most useful report for setting long-term prices.
  • 3. Treats fixed manufacturing cost as a period cost.
  • 5. Generally provides the most useful report for controlling costs.
  • 4. Operating income is impacted by changes in inventory level.
  • c. Both absorption and variable costing  --  7.May be used in a manufacturing company
  • 1.Treats fixed selling cost as a period cost.

Explanation:

  • The absorption costing includes that all the manufacturing costs which are given to the units produced and the cost of a finished product will be the cost of the direct material and labor.
  • Variable cost is a method that assigned the variables costs to the inventories and means that overall cost changes to expenses in a time of occurrence.
  • Both of these costs are related to the method of the production and costs that are incurred in the production and in which method the company uses to make.
You might be interested in
In calculating the bank discount when discounting an interest bearing note, which one of the following is not used in calculatio
Anna71 [15]
<span>In calculating the bank discount when discounting an interest bearing note, the one that is not used in calculation is: D. Discount period

Here is the equation that used in interest bearing note:
The Principle proceeds + bank discount = Maturity Value

Discount period only determines the amount of time vendor willing to pay for a product in cash.</span>
4 0
3 years ago
Read 2 more answers
¿Cuál es el principal enfoque en Administración?
Sliva [168]

Answer:

En la actualidad existen diversos enfoques teóricos de la administración, entre los cuales se encuentran:la teoría científica de la administración la teoría clásica de la administración la teoría de Las relations humanas la teoría científica del comportamiento , la teoría de Los sistema, la teoría burocrática

5 0
3 years ago
The amount a person earns before deducting any taxes other than voluntary deductions is called?
Vera_Pavlovna [14]

Answer: Gross pay is the amount of money your employees receive before any taxes and deductions are taken out. For example, when you tell an employee, “I'll pay you $50,000 a year,” it means you will pay them $50,000 in gross wages.

6 0
3 years ago
Read 2 more answers
Prepare a budgeted income statement for First-Class Ovenware for 2007 if the engineers’ redesign efforts had worked as originall
Talja [164]

Explanation: see attachment below

7 0
3 years ago
Read 2 more answers
Assume that candle wax is traded in a perfectly competitive market in which the demand curve captures buyers’ full willingness t
lutik1710 [3]

Answer:

kept the same in order to achieve allocative and productive efficiency.

Explanation:

Full production means that employed resources are providing maximum satisfaction for our material wants. Full production implies two kinds of efficiency: 1. Allocative efficiency means that resources are used for producing the combination of goods and services most wanted by society

5 0
2 years ago
Other questions:
  • You borrow $210,000 to purchase a home. the terms of the loan call for monthly payments over 30 years at a mortgage rate of 4.50
    9·1 answer
  • Identifying Financial Statement Line Items and Accounts Several line items and account titles are listed below. For each, indica
    14·1 answer
  • The true cost of borrowing and lending is best measured by
    8·1 answer
  • Natalie's team needs to make a decision on how to handle a big product recall. People on the team have a lot of strong opinions.
    15·1 answer
  • Erkkila Inc. reports that at an activity level of 6,600 machine-hours in a month, its total variable inspection cost is $423,980
    13·1 answer
  • If manufacturing overhead has been underallocated during the period, then which of the following is true?(a) the jobs produced d
    10·1 answer
  • Pear makes watches. The fixed overhead costs for 2015 total $648,000. The company uses direct labor-hours for fixed overhead all
    9·1 answer
  • If this game is played only once, then the most likely outcome is that a. both firms produce a good quality product. b. both fir
    13·1 answer
  • When applying a questioning mindset, what follows identify whether there is sufficient evidence to support the conclusion?.
    5·1 answer
  • Can a person work as an agent for two different people with conflicting interests?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!