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Bess [88]
3 years ago
5

Kluber, Inc. had net income of $917,000 based on variable costing. Beginning and ending inventories were 56,700 units and 55,400

units, respectively. Assume the fixed overhead per unit was $2.10 for both the beginning and ending inventory. What is net income under absorption costing
Business
1 answer:
Nana76 [90]3 years ago
3 0

Answer:

The answer is "\$235,410".

Explanation:

Variable cost net income =\$917,000

Less: Fixed overhead start  56,700\times \$2.10=\$119,070

Add: Fixed overhead termination  55,400\times $2.10=\$11,6340

Net revenue at cost of absorption =\$235,410

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Answer:

Explanation:

The journal entries are shown below:

On Jan 1 - Cash A/c Dr $5,000,000

                        To Bonds Payable A/c $5,000,000,

(Being bond is issued)

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On December 31,  Bonds Payable A/c Dr $5,000,000

                                   To Cash A/c                            $5,000,000

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8 0
4 years ago
Hannah posts her résumé on the websites of several companies. Unfortunately, it is poorly formatted and contains several spellin
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Answer: (D) Physical distraction      

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 The physical distraction is one of the communication barrier that basically preventing us from interpreting the given data, ideas or any type of message. The physical distraction is using the various types of physical materials for the distracting the communication.

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Therefore, the given scenario is the example of the psychical distraction communication barrier.

7 0
3 years ago
An accountant has been engaged to compile the financial statements of a nonissuer. The financial statements contain many departu
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3 years ago
How does mercantilism define wealth
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Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. ... In mercantilism, wealth is viewed as finite and trade as a zero-sum game. Mercantilism was the prevalent economic system in the Western world from the 16th to the 18th century.

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3 years ago
Elliott joins the human resource department at Food Castle Inc., where the production workers are represented by a union. Which
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The typical goals that Elliott will be expected to work toward in supporting any negotiations with the union includes:

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<h3>What is the role of the Union that She is working with?</h3>

The labor union is an association established for the interest of the workers.

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