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timofeeve [1]
2 years ago
11

A variable costing income statement ______. Multiple select question. calculates contribution margin, while the absorption costi

ng income statement calculates gross margin is constructed exactly like an absorption costing income statement focuses on fixed and variable expenses, while an absorption costing income statement focuses on period and product costs does not include fixed manufacturing overhead, which is included on an absorption costing income statement
Business
1 answer:
pav-90 [236]2 years ago
6 0

Answer:

calculates contribution margin while the absorption costing income statement calculates gross margin

focuses on fixed and variable expenses, while an absorption costing income statement focuses on period and product costs

Explanation:

variable costing income statement can be regarded as statement whereby all variable expenses are been removed from revenue so that separately-stated contribution margin can be gotten. And all fixed expenses are also removed so that net profit/ loss for that particular period can be known. While absorption costing income statement utilize absorption costing in creating

income statement.

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A company purchased a machine for $190,000. The machine has an estimated useful life of 8 years and a salvage value of $10,000.
Fittoniya [83]

Answer:

$108,400

Explanation:

The computation of the net book value of the machine at the end of the second year is shown below:

But before that the accumulated depreciation would be determined

For first year, the depreciation expense is

= ($190,000 - $10,000) × 15,000 ÷ 75,000

= $36,000

For the second year, the depreciation expense is

= ($190,000 - $10,000) × 19,000 ÷ 75,000

= $45,600

Now the net book value is

= $190,000 - $36,000 - $45,600

= $108,400

5 0
2 years ago
In the context of skills of successful managers, making sacrifices to encourage and promote desired outcomes in an organization
Zielflug [23.3K]

Answer: monitoring operation

Explanation:

Monitoring operations requires management oversight, employee feedback and customer reviews. It can help provide specific directions for employees, which can lead to improved time management and increased productivity.

4 0
3 years ago
How do working conditions and company's image motivate employees?
Reil [10]

Answer:the working conditions of the place show that it will be easier to work in and that if the company has a good image of themself then you would probably earn more money.

Explanation:

I tried the best I could.

8 0
3 years ago
using a perpetual inventory system, what is recorded when a customer returns a product and gets the cash back and the product is
likoan [24]

A credit to cash, a debit to sales returns and allowances, a credit to inventory, and a debit to cost of goods sold are all recorded.

Perpetual inventory, commonly referred to as continuous inventory, is an inventory management system that uses software to automatically and constantly record each stock movement (such as purchases, returns, consumptions, and write-offs), keeping the system current at all times.

This contrasts with the need to manually update the system on a regular basis when utilizing spreadsheets or paper-and-pencil alternatives.

Barcodes, POS systems, radio frequency identification, and real-time reporting are used by perpetual inventory systems like MRP, ERP, or WMS software to track inventory movements and build a virtual trail of each transaction occurring in the physical inventory. This makes it possible to perform extremely accurate real-time inventory accounting, giving the business a current cost of goods sold at all times.

To learn more about perpetual inventory system from given link

brainly.com/question/25014592

#SPJ4

3 0
1 year ago
What are debit memoranda?
Kazeer [188]

Answer:

I believe the answer is reductions

Explanation:

The adjustments made to the account reduce the funds in the account but are made for specific purposes and used only for adjustments outside of any normal debits.

7 0
3 years ago
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