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
Eddi Din [679]
2 years ago
11

Operating income is one of the most important items reported by a company. Depending on the decision-making needs of management,

operating income can be determined using absorption costing or variable costing. Select whether the following characteristics are most often associated with absorption costing or variable costing.
a. Required under generally accepted accounting principles (GAAP)
b. Often used for internal use in decision making
c. Cost of goods manufactured includes only variable manufacturing costs
d. Used in reports prepared for external users
e. Fixed factory overhead costs are not part of cost of goods manufactured
f. Both fixed and variable factory costs are included in cost of goods sold and inventory
Business
1 answer:
Tpy6a [65]2 years ago
3 0

Answer:

Determining Operating Income using Absorption Costing or Variable Costing

a. Absorption costing

b. Variable costing

c. Variable costing

d. Absorption costing

e. Variable costing

f. Absorption costing

Explanation:

Absorption costing is also regarded as full costing.  An income statement prepared using absorption costing includes both fixed and variable manufacturing costs in the costs of goods sold and ending inventory.  Fixed manufacturing cost is not regarded as period cost that must be expensed in the period when it is incurred as some elements of the fixed cost are carried forward to the next accounting period through the ending inventory.  This is unlike variable or marginal costing, where the fixed costs are expensed in the period they are incurred.

You might be interested in
Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally,
lara [203]

Answer:

B. Joint venture

On a Joint venture, Axiom will have partner which share the risk and cost of the project.

Also this partners can be local companies with knowledge ofthe Chinese market.

Axiom will have limited liability until his contribution.

It will generate new jobs in the country and include local business persons, this will be politically acceptable

This option has everything Axiom is looking for.

Explanation:

<em>A.- if Axiom uses a subsidiary</em> it will not have access to local knowledge. Also it will be the same entity, so it won't be sharing the cost.

It won't be what the company need

<em>C.- if exporting</em> it will not be expanding inside the country. Also it will not provide local knowledge or share the cost with a third party. The goverment may create additional tariff or market cuota or any other barrier to protect national companies.

It won't be what the company need

<em>E.- Licensing: </em>will be selling the brand name or product to a third party. It will not be part of the revenue stream entirely. A third party with knowledge of the market will exploit the benefit.

<em>D. Greenfield investments: </em>The company will establishes operations on the country. It will have a high cost, but will get the goverment approval for the jobs created in China. However it will be Axiom who takes the cost and risk for the entire investment.

These two are partially suitable, but with some backwards

5 0
3 years ago
Organizational structure refers to formalized patterns of interactions linking Tasks, Technologies and Processes
snow_tiger [21]

Answer:

hyyrdchiknfdfjknvffuonfsrhkknvcdjkbvdhnkvcc

8 0
2 years ago
The leaders of Barcelona Restaurant Group use ideas and tactics from multiple historical approaches to management. This approach
Sunny_sXe [5.5K]

Answer:

administrative management or scientific management I'm not sure honestly

6 0
3 years ago
Read 2 more answers
Ferret boy names NO HUMAN NAMES (chase, rick, bob, george, etc)
DaniilM [7]

Answer:

jimmy

Explanation:

just bc i said so its funny and cute

8 0
2 years ago
Read 2 more answers
Which statement best explains the decrease in manufacturing jobs over the next few years?
Anastaziya [24]

The best reason for the reduction in manufacturing jobs is that These jobs are often outsourced to overseas factories.

<h3>Manufacturing trend in developed countries </h3>
  • Large companies are outsourcing manufacturing services to other nations.
  • This is usually to save costs and to avoid certain regulatory oversight.

As a result of these jobs being shipped abroad, manufacturing jobs in developed countries are suffering and will decrease in the next few years.

In conclusion, option B is correct.

Find out more on manufacturing jobs at brainly.com/question/25553251.

7 0
2 years ago
Other questions:
  • Which of the following decreases in labor demand is due to a change in product demand? rev: 06_21_2018 Multiple Choice An increa
    15·1 answer
  • Rasheed works for Company A, earning $299,000 in salary during 2019. Assuming he is single and has no other sources of income, w
    11·1 answer
  • Why is it important for business to know exchange rates?
    9·1 answer
  • I need a paragraph using balance, deposit, withdraw, fixed expenses, variable expenses, profit, Interest, budget, financial inst
    10·1 answer
  • William wants to have a total of $8000 in two years so that he can put a hot tub on his deck. He finds an account that pays 5% i
    11·1 answer
  • Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will( increase
    11·2 answers
  • There has been a recall on one of the products your company manufactures. The company fears that if it has to replace too many o
    8·1 answer
  • Fast fine foods markets some of its products to consumers looking for simple quick meals. Fast find foots also offer another lin
    14·1 answer
  • The discount method is a method for computing interest on an installment loan. With the discount method, you calculate the inter
    14·1 answer
  • A system that collects and stores the company's key data and produces the information needed by managers for analysis, control,
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!