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Oksi-84 [34.3K]
3 years ago
10

When units produced exceed units sold, net income will generally be ______ costing. Multiple choice question. the same under bot

h absorption costing and variable higher under variable costing than under absorption higher under absorption costing than under variable
Business
1 answer:
Vika [28.1K]3 years ago
7 0

Answer:

higher under absorption costing than under variable costing.

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

Manufacturing costs can be defined as the overall costs associated with the acquisition of resources such as materials and the cost of converting these raw materials into finished goods. Manufacturing costs include direct labor costs, direct materials cost and manufacturing overhead costs.

In Business management, when the total units of goods produced by a business firm (manufacturer) exceed the total units of goods sold, net income will generally be higher under absorption costing than under variable costing.

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3 years ago
List at least 6 things your credit card company must clearly disclose to consumers.
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1 year ago
Economics: A group of competitors who work in unison to control the supply and price of their product is called a
7nadin3 [17]

Answer:

cartel

Explanation:

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Such type of alliance with rivals have existed since the ancient times. It <em>increased following </em><em>World War I,</em> but<em> started declining after </em><em>World War II</em>.

So, this explains the answer.

6 0
3 years ago
Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have the
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Answer:

Cobras Incorporated

Trial Balance as at March 31.

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Supplies                                 $1,100

Buildings                             $41,000

Cash                                      $2,100

Accounts Receivable          $2,800

Prepaid Insurance                 $1,100

Salaries Payable                                        $300

Accounts Payable                                   $1,500

Common Stock                                      $21,000

Retained Earnings                                 $14,500

Service Revenue                                    $18,100

Utilities Expense                 $2,300

Salaries Expense                $5,000

Totals                                 $55,000     $55,000

Explanation:

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7 0
2 years ago
First National Bank charges 13.1 percent compounded monthly on its business loans. First United Bank charges 13.4 percent compou
FinnZ [79.3K]

Answer:

EAR for First national Bank =  13.92 %

EAR for First United Bank = 13.85 %

Explanation:

given data

First National Bank charges =  13.1 percent

compounded monthly , 1 year = 12 month

First United Bank charges = 13.4 percent

compounded semiannually , 1 year = 2 semiannually

solution

we get here first EAR for First national Bank that is express as

EAR for First national Bank = (1+ \frac{r}{n} )^n - 1 .....................1

here r is rate and n is month

so put here value

EAR for First national Bank =  (1+ \frac{0.131}{12} )^{12} - 1

EAR for First national Bank =  13.92 %

and

EAR for First United Bank   is

EAR for First United Bank = (1+ \frac{r}{n} )^n - 1   ..................2

here r is rate and n is semi annually

EAR for First United Bank = (1+ \frac{0.134}{2} )^2 - 1

EAR for First United Bank = 13.85 %

here First United bank EAR is less

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3 years ago
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