1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natulia [17]
3 years ago
9

A manufacturer reports the information below for three recent years.

Business
1 answer:
evablogger [386]3 years ago
6 0

Answer:

<u>Year 1</u>

Fixed Overhead in ending inventory = (2,200 * $1.20) = $2,640

<u>Year 2 </u>

Fixed Overhead in ending inventory = (1,700 * $1.20) = $2,040

Fixed overhead in beginning inventory = (2,200 * $1.20) = $2,640

<u>Year 3</u>

Fixed Overhead in ending inventory = (1,800 * $1.20) = $2,160

Fixed overhead in beginning inventory = (1,700 * $1.20) = $2,040

                     Absorption costing income

Particulars                                                    Year 1         Year 2       Year 3

Variable costing income                           $140,000     $146,400   $143,950

Fixed Overhead in ending inventory        $2,640        $2,040       $2,160

Fixed overhead in beginning inventory    $0               ($2,640)     ($2,040)

Absorption costing income                      $142,640   $145,800  $144,070

You might be interested in
What is a sole proprietorship?
DanielleElmas [232]

Answer: A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

3 0
3 years ago
Read 2 more answers
If your lifestyle budget is $50,000 a year, selecting a career earning $75,000 will most likely allow you to meet your lifestyle
Aleks [24]
This question is a True statement
7 0
3 years ago
Read 2 more answers
The Work Breakdown Structure (WBS) is normally developed by listing deliverables - major deliverables first and then progressive
AURORKA [14]

Answer:

The correct answer is True.

Explanation:

The steps to follow to create a work breakdown structure are as follows:

1. Organize a meeting and share with the main stakeholders: team members are one of the most valuable assets in the process of creating the work breakdown structure. They have the knowledge, experience and creativity necessary to define each deliverable reaching the most specific details.

2. Complete the definition of all project deliverables: it is about going one step beyond the level reached in the planning and 100% complete the information on all project deliverables, including internal and external, associating each one with its estimated completion time.

3. Break down each deliverable into smaller, more manageable parts: it is about achieving a realistic level of work planning by the project manager, which ensures that, without interfering with the total estimated project deadline and the overall plan, it can be completed by the work teams. It is about determining work packages. These units constitute the lowest level of the EDT and are pieces of work that are specifically assigned to a person or a team of people to be completed, under the supervision of the Project Director. It is recommended that they focus on a single point of responsibility. The work packages will be used later to define the activities and tasks in which the project is divided.

4. Review the results obtained: with the stakeholders, both at the time of finalizing the elaboration of the work breakdown structure, and when modifications or updates are included, if applicable. It is essential to avoid overlaps.

7 0
3 years ago
Sometimes mathematical models are insufficient to predict future personnel requirements. In this case, ________ may be necessary
brilliants [131]

Answer:

The correct answer is: Managerial Judgment.

Explanation:

To begin with, the concept known as "Managerial Judgment" in the field of business refers to the process of managerial decision making done by the manager of the organization, therefore that it could be also understood as the ability that they have in order to resolve the situations that might cause harm to the operations or to the plans of the company. That is why that when sometimes the mathematical models are insufficient to predict future personnel requirements then the managerial judgment enters in the game in order to try to acquire the best solution as possible depending on the situation presented for the managers.

6 0
3 years ago
The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet: Accumulated Deprecia
ludmilkaskok [199]

Answer:

all the given figures are wrong but i explained the correct procedure.

Explanation:

INCOME STATEMENT

Fees earned                            17400

Expenses:  

Depreciation expense      1300  

Insurance expense      400  

Supplies expense              3800     5500

Net Income                               11900

Therefore, The Net income for the period is $11900.

3 0
3 years ago
Other questions:
  • Callahan and megan plan to invest in corporate securities. while callahan plans to retire next year on his 65th birthday, megan
    15·1 answer
  • A 14 kg cannon ball is fired from a cannon with muzzle speed of 1319 m/s at an angle of 19.1 ◦ with the horizontal. The accelera
    7·1 answer
  • In what way does the article describe the two-party system as a positive system when compared with a multiparty system?
    6·2 answers
  • The bookkeeper for Wildhorse Co. asks you to record the following accrual adjustments at December 31 in the tabular summary that
    13·1 answer
  • In accounting for uncollectible receivables, the balance in Allowance for Doubtful Accounts will directly impact the amount of t
    5·1 answer
  • The largest share of american health care spending is paid by _______.
    11·2 answers
  • A third method for determining the forecasted cost at completion is to re-estimate the costs for all the remaining work to be pe
    12·1 answer
  • When the price of hot dogs is $1.50 each, 500 hot dogs are sold every day. After the price falls to $1.35 each, 510 hot dogs are
    11·1 answer
  • 06.06 segment exam A period of economic stability began in the 1980s. In 2001, prices began to increase. In 2007, an economic cr
    6·1 answer
  • "Zurich Company reports pretax financial income of $70,000 for 2014. The following items cause taxable income to be different th
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!