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katovenus [111]
3 years ago
14

MC Qu. 135 Front Company had net income of... Front Company had net income of $86,500 based on variable costing. Beginning and e

nding inventories were 2,200 units and 4,000 units, respectively. Assume the fixed overhead per unit was $8.60 for both the beginning and ending inventory. What is net income under absorption costing
Business
1 answer:
Digiron [165]3 years ago
7 0

Answer:

Net income under absorption costing = $101980

Explanation:

Below is the following calculation:

Net income based on variable costing = $86500

Rise in inventory = (4000 - 2200) x 8.60 = $15480

Now find the net income under absorption costing by adding the rise in inventory in the net income based on variable costing.

Net income under absorption costing = $86500 + $15480

Net income under absorption costing = $101980

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GMC. Except GMC now also says "We are professional grade" as well
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3 years ago
Ormand Organic Grocery has invested in a yogurt stand for its store. The investment cost the company $100,000. Variable material
vekshin1

Answer:

15.4%

Explanation:

Calculation to determine what would the ROI be

ROI=[ ( $2.40 - $1.30) * 21,400 - $7,400]/100,000

ROI=($1.1 * 14,000)/100,000

ROI=$15,400/100,000

ROI=0.154*100

ROI=15.4%

Therefore the ROI would be 15.4%

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3 years ago
Do you think diversity is benificial or hidrance in leading a group
podryga [215]
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3 years ago
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The majority of private sector employment in the u.s. economy is in the
sasho [114]
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6 0
4 years ago
Levon sells cartoon balloons in town. His family business thrives. Levon's balloons are priced at $8.00 each and sells 350 ballo
ratelena [41]
<h3>Answer</h3>

The market share of Levon is 28%

<h3>Explanation</h3>

Total revenue of Levon is calculated:

$8 * 350 balloons = $2,800 per month

Total Revenue of the market:

$5 * 2000 balloons = $10,000 per month

Dividing Total Revenue of Levon with Total Revenue of the market

$2,800 / $ 10,000 = 0.28

Convert into percentage by multiplying with 100

0.28 * 100 = 28%

<h3>Conclusion</h3>

The market share of Levon is 28%

Learn more about Business at brainly.com/question/26556204

4 0
2 years ago
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