Answer:
Net operating income= 15,000
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
<u>In this case, there is no beginning nor ending inventory. Fixed overhead is incorporated into the cost of goods sold in full.</u>
Sales= 500*100= 50,000
COGS= (10 + 25 + 15)*500 + 10,000= (35,000)
Gross profit= 25,000
Total selling and administrative costs= (5*500) + 7,500= (10,000)
Net operating income= 15,000
Answer:
January $153,825
February $248,600
March $301,650
Explanation:
Computation for cash collections from customers for each month:
January February March
January: ($205,100 x 75%=$153,825) ($205,100 x 25%=$51,275) $0
February: $0 ($263,100 x 75%= $197,325) ($263,100 x 25%=$65,775)
March: $0 $0 ($314,500 x 75%=$235,875)
TOTAL $153,825 $248,600 $301,650
Therefore cash collections from customers for each month is :
January $153,825
February $248,600
March $301,650
Answer: A. Go to the Gear icon and select All Lists
Explanation:
QuickBooks online is an accounting software that is used by businesses to make business payments, to pay bills, and can also be utilized to perform payroll functions.
A great feature of QuickBooks Online is that there are other lists that one can use to make it easier to fill i forms and these list can be found in the gear icon where one would then select all lists.
