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2 years ago

"when the number of units produced exceeds the number of units sold, net income under absorption costing will be:"

Business

1 answer:

r-ruslan [8.4K]2 years ago

5 0

Answer:

The answer is that the net income under absorption costing would be higher than the net income under variable costing.

Explanation:

Absorption costing and variable costing are terms used in accounting contexts. Absorption costing, also known as full costing, incurs overhead costs when the product is sold; not before it. Variable costing, also referred to as direct costing, would include overhead costs during the period the costs occurred. In this condition, net income would be higher using absorption since overhead costs would not be included until the product is sold.

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Quest Outdoor Store orders River Run-brand kayaks from Sports Merchandise, Inc. Sports Merchandise ships kayaks of the wrong siz

Sidana [21]

Answer:

Sports Merchandise

Explanation:

According to the situation that has been described in the question it can be said that the loss is suffered by Sports Merchandise. This is because a the seller of a good or product is liable for that product until the buyer purchases the product and decides to keep it. Which in this scenario since Sports Merchandise made a mistake on the product size and Quest decided not to accept the product then the responsibility and risk of loss remained with Sports Merchandise as the owner of the product.

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2 years ago

On April 1, 2018, Elucian Corporation invested in the bonds issued by the City of Westminster on January 1, 2018. These 10-year

timofeeve [1]

Answer:

D $302, 250

Explanation:

The computation of the total amount paid is shown below;

Total amount paid = Face value + accrued interest

= $300,000 + $300,000 × 3% × 3 months ÷ 12 months

= $302,250

hence, the total amount paid is $302,250

Therefore the correct option is d.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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2 years ago

When there is more choice for proceducers and consumers, that is a Command Economy.

yaroslaw [1]

Correct Answer: False

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2 years ago

Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $6

JulsSmile [24]

Answer:

$26,800

Explanation:

Sales revenue after further processing:

= Units produced from each ton of clypton × Selling price per unit

= 7,300 × $15

= $109,500

Sales revenue at split off point:

= Units produced from each ton of clypton × Selling price per unit

= 7,300 × $10

= $73,000

Incremental revenue:

= Sales revenue after further processing - Sales revenue at split off point

= $109,500 - $73,000

= $36,500

Incremental profit = Incremental revenue - Incremental cost

= $36,500 - $9,700

= $26,800

Therefore, financial advantage (disadvantage) of further processing product X15 is $26,800.

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2 years ago

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Assoli18 [71]

Answer:

Word of Mouth.

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2 years ago