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Semmy [17]
3 years ago
12

"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]3 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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The answer should be C.) price takers. Hope this helps!
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2 years ago
Melody's Piano School operations for the month of May are summarized in the following three transactions: - Provided $1,150 of i
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Answer:

Melody's net income for may is $ 1,075.

Explanation:

New income in cash basis = collection from instruction - piano rental bill

                                            = $ 1,575 - $ 500

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3 0
3 years ago
Bonita Company follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Item N
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Answer:

Explanation:

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3 years ago
Which option best describes a trustworthy person? A. a dependable person B. an honest person C. a person who has never harmed ot
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Answer:

A.

Explanation:

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Although honesty is one characteristic needed to be a trustworthy person, this is not enough for being considered trustworthy, so that B is eliminated.

Similarly, a person who has never harmed others is the kind one. This answer is also not enough to describe a trustworthy person.

The last answer has totally different meaning from a trustworthy person. Sharing values just help make people in a relationship understand each other, does not mean reliable.

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2 years ago
Read 2 more answers
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