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Anvisha [2.4K]
2 years ago
5

Front Company had net income of $82,500 based on variable costing. Beginning and ending inventories were 1,800 units and 3,200 u

nits, respectively. Assume the fixed overhead per unit was $8.40 for both the beginning and ending inventory. What is net income under absorption costing
Business
1 answer:
3241004551 [841]2 years ago
4 0

Answer:

$94,260.00

Explanation:

There is no doubt that the difference between net income under absorption costing and variable costing method lies in the treatment of fixed cost, under the former, each product is charged with fixed cost while total fixed cost is charged as a  period cost under the latter.

In essence, the fixed cost on ending inventory would have been expensed and deducted in arriving at net income under variable cost, in other words, we simply add to net income under variable costing the fixed cost attributable to an increase in ending inventory

income=$82,500+(3200-1800)*$8.40

net income=$94,260.00

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Identify which party is responsible for reporting directly to the fda the investigator's financial interests with the sponsor: t
trasher [3.6K]

The  party that  is responsible for reporting directly to the fda the investigator's financial interests with the sponsor is: The <u>sponsor</u>.

<h3>What is FDA?</h3>

FDA  which full meaning is food and drug administration is an agency whose sole responsibility is to ensure that food and drug does not cause harm to the health of the general public and they does this by ensuring that food and drug that make cause harm to the public to be discard.

It is the duty of the investigator to report any form of adverse events to the sponsor and the investigator must have carryout thorough investigation  and supervise the investigation personally before reporting to the sponsor.

Therefore the  party that  is responsible for reporting directly to the fda the investigator's financial interests with the sponsor is: The <u>sponsor</u>.

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4 0
1 year ago
According to the semistrong form of the efficient markets hypothesis, ____________.A. stock prices do not rapidly adjust to new
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Answer:

The correct answer is option B.

Explanation:

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The stock prices quickly adjust to all the publicly available information. In this situation, an investor can earn above-average returns if he possesses private information which is not available to all.

3 0
3 years ago
Aces, Inc., a manufacturer of tennis rackets, began operations this year. The company produced 6,000 rackets and sold 4,900. At
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Answer:

$165,500

Explanation:

Given that,

Sales (4,900 × $90) = $ 441,000

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Net income = $ 179,800

Production costs per tennis racket total = $38

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Contribution margin:

= Sales - Variable production costs

= $441,000 - (4,900 × 25)

= $441,000 - $122,500

= $318,500

Fixed costs = Fixed production costs + Selling and administrative expenses

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= Contribution margin - Fixed costs

= $318,500 - $153,000

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8 0
2 years ago
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lorasvet [3.4K]

Answer:

Pull factor becoming a push factor

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8 0
3 years ago
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Sophie [7]
The goal of the  political campaigns is to influence the decision making process. I<span>deas that the candidate wants to share with the voters are presented.
</span>Campaigns start anywhere from several months to several years before election day. The first part of any campaign for a candidate is deciding to run. Then c<span>andidates travel around the area they are running in and meet with voters.</span><span>
Campaigns focus on their get out and Vote efforts in the last days before the general election.</span>

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3 years ago
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