Answer:
Differences in Operating Incomes Under Absorption Costing and Variable Costing:
The 2020 operating income under absorption costing is greater than the operating income under variable costing because
the ending inventory has carried over some fixed manufacturing costs, making the cost of goods sold less than under variable costing.
Explanation:
The differences in the operating incomes obtained under variable costing and absorption costing are due to the fixed manufacturing costs that are included in the ending inventory and carried forward to the next accounting period while the ending inventory under variable costing does not include any fixed manufacturing costs. Absorption costing is based on full costing system but, variable costing does not include the full costs.
Answer:
S corporation
Explanation:
In the given case, The eagle basis at the closing of the year is 70,000 i.e. $40,000 + $30,000 (50% of $60,000)
In the case when the entity was a general partnership so 50% of $10,000 i.e. $5,000 would be added to the basis of Eagle
So here the type of entity that was formed is S corporation
The same is relevant
Answer:
TRIANGULAR SCALES A tool generally used when reproducing a drawing in an enlarged or reduced for to some regular proportion. Its main function is to reproduce the measurements of an object in full size, reduced size, and enlarged size.
Explanation:
I hope it helps..
Answer:
For each hour of work 2.81 loaves are produced.
Explanation:
current production: 1,800 per month
utility cost 800
ingredient cost: 0.40
productivity per labor hour: output / labor hours
It is the total goods produced over a base.
In this case, labor hour.
1,800/640 = 2.8125
For each hour of work 2.81 loaves are produced.
