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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.

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IrinaK [193]

Answer:

hello your question has some missing part attached below is the missing demand curve

Answer :

1) the quantity of health procedures Individuals will demand is greater than the optimal quantity ( 20  procedures )

2)  quantity of medical procedure

3) $200

Explanation:

1) Based on the given demand and supply, the given transportation problem is  the quantity of health procedures Individuals will demand is greater than the optimal quantity ( 20  procedures )

2) A dummy quantity of medical procedure should be introduced

3) Total cost of optimal solution

optimal quantity of medical procedure ( Qd) * price of medical procedure(Qp)

= 20 * 100

= $200

4 0
2 years ago
Which statement about game rules is NOT true? A. Without rules, there is no competition. B. Competitors should accept penalties
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Answer:

It’s D

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7 0
3 years ago
Read 2 more answers
At the beginning of a recent year, JetBlue's assets were $7,071 million and its equity was $1,757 million. During the year, asse
STALIN [3.7K]

Answer:

JetBlue's equity at the end of the year was $1,888 million

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Equity

At the beginning of a recent year, JetBlue's liabilities = Total asset - Equity = $7,071 - $1,757 = $5,314 million.

During the year, assets decreased by $1 million and liabilities decreased by $132 million.

At the end of the year:

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JetBlue's liabilities = $5,314 - $132 = $5,182 million

JetBlue's equity = JetBlue's assets - JetBlue's liabilities = $7,070 - $5,182 = $1,888 million

7 0
2 years ago
Kate's 24-Hour Breakfast Diner menu offers one item, a $5.00 breakfast special. Kate's costs for servers, cooks, electricity, fo
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Answer:

The correct answer is option c.

Explanation:

The price of Kate's breakfast special is $5.

The average variable cost is $3.95.

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The average total cost

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= $5.20

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3 years ago
Example of monopoly???
vladimir2022 [97]
Telemarketing companies that are the only one that operates in a certain area.

Hope this helps!
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3 years ago
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