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Olin [163]
3 years ago
12

Explain the differences in operating incomes obtained in requirements 1 and 2. The difference in operating income under absorpti

on costing and variable costing is 308,000 . The 2020 operating income under absorption costing is greater than the operating income under variable costing because
Business
1 answer:
erik [133]3 years ago
6 0

Answer:

Differences in Operating Incomes Under Absorption Costing and Variable Costing:

The 2020 operating income under absorption costing is greater than the operating income under variable costing because

the ending inventory has carried over some fixed manufacturing costs, making the cost of goods sold less than under variable costing.

Explanation:

The differences in the operating incomes obtained under variable costing and absorption costing are due to the fixed manufacturing costs that are included in the ending inventory ​and carried forward to the next accounting period while the ending inventory under variable costing does not include any fixed manufacturing costs.  Absorption costing is based on full costing system but, variable costing  does not include the full costs.

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For each example of a reward, identify whether it is an extrinsic or intrinsic reward.1)The employees were happy with the new la
AveGali [126]

Answer:

The answer is:

1. Intrinsic reward

2. Intrinsic reward

3. Extrinsic reward

Explanation:

What is an intrinsic reward.: Intrinsic rewards are rewards that comes from within the employee. For example, personal achievement, professional growth, sense of pleasure and accomplishment.

What is an Extrinsic reward: Extrinsic motivation is gotten externally. External rewards are typically offered by an employer or manager.

1. )This is an intrinsic reward because no one with more that two years seniority will ne separated from the company except for poor performance. This poor performance clause will act as a motivation to make them perform better.

2. The regular feedback from Jonah's supervisor is an intrinsic reward because Johan will be able to evaluate his strength and weakness and know where to improve himself.

3. Health benefit is an extrinsic reward. This health benefit is offered by Dion's employer. So it is an external reward.

8 0
3 years ago
Coronado Industries sells one product and uses a perpetual inventory system. The beginning inventory consisted of 77 units that
soldi70 [24.7K]

Answer:

$6745

Explanation:

Given: Beginning inventory is 77 units at the cost of $19 per unit.

            Purchased inventory is 476 units at $19 per unit.

            Sales during the month is 355 units at $45 per unit.

Now, let´s find the cost of goods sold using LIFO method.

We know, LIFO method is Last in first out, which sell out inventory, which are most recently purchased. In a period of rising prices, LIFO inventory method tends to give the highest reported cost of goods sold.

As sales unit is 355 units.

Let´s take units from recent purchased inventory.

Cost of good sold= 355\ units\times 19= \$ 6745

Hence, the cost of goods sold using the LIFO method is $6745.

7 0
3 years ago
Which of the following is one of the goals of the American Marketing​ Association? A. To promote the use of a utilitarian approa
Gnoma [55]

Answer:

The correct answer is letter "D": To promote high standards of ethical norms and values.

Explanation:

The American Marketing​ Association (<em>AMA</em>) is a professional association for marketing experts. The AMA is committed to promoting its members -practitioners, academics, and students- to the highest standard of professional ethical norms and values to be used in the organizational field and society.

7 0
3 years ago
An accumulated deficit means a company has ______. Multiple choice question. a contra-asset account due to losses accumulated mo
wariber [46]

Based on accounting principles, an accumulated deficit means a company has "<u>accumulated more net losses than net income."</u>

This is because the accumulated deficit is generally considered to be a "<u>negative retained earnings balance."</u>

In other words, accumulated deficit is the total summation of the losses and dividends paid by a company that supersedes the profits gained by the company.

Hence, in this case, it is concluded that the correct answer is option B. "<u>accumulated more net losses than net income."</u>

Learn more here: brainly.com/question/16551961

8 0
3 years ago
The members of a cross-functional team have an informal agreement that whenever a team member goes out of town on business, that
Studentka2010 [4]
<span>The type of arrangement where the members of a cross-functional team have an informal agreement that whenever a team member goes out of town on business, that the team member will leave a phone number where he can be reached by the other members of the team is known as group norm.</span>
3 0
4 years ago
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