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kakasveta [241]
3 years ago
5

Knowledge Check 01The difference between absorption costing net operating income and variable costing net operating income can b

e explained by the way these two methods account for ________.multiple choice 1all overhead costsfixed overhead costsselling and administrative expensesvariable overhead costsKnowledge Check 02Absorption costing income statements ignore ________.multiple choice 2direct materials and direct labor costsdirect and indirect cost distinctionsproduct and period cost distinctionsvariable and fixed cost distinctionsKnowledge Check 03When the number of units produced is greater than the number of units sold, variable costing net operating income will be ________.multiple choice 3the same as absorption costing net operating incomegreater than absorption costing net operating incomeless than absorption costing net operating income
Business
1 answer:
nexus9112 [7]3 years ago
5 0

Answer:

The Differences between Absorption Costing and Variable Costing

1. variable overhead costs

2. variable and fixed cost distinctions

3. greater than absorption costing net operating income

Explanation:

Absorption costing does not separate costs according to their variable and fixed elements but includes all product or directs costs in the cost of goods.  Variable costing, on the other hand, makes the distinctions and only accounts for variable costs in the product costs and not all the direct costs.

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While traveling on a commercial bus line, a passenger was injured when some luggage fell on him. As required by applicable state
Nonamiya [84]

Answer: See explanation

Explanation:

In a situation whereby the attorney of the passenger tried resolving the dispute in good faith, then the bus company must be ordered by the court to produce the report as well as the payment of reasonable cost that was incurred in making the motion.

It should however be noted that such cost may not be awarded when the movant had filed the motion before obtaining the disclosure in good faith. Also, the cost with be given when the nondisclosure response of the opposing party was justified.

7 0
3 years ago
In an inventory control system, the annual demand is 12,000 units, the ordering cost is GHS 30 per order and the inventory holdi
Fittoniya [83]

Answer:

Total cost per year = $1,801,860

Explanation:

Given:

Annual demand = 12,000 units

Ordering cost = $30 per order

Inventory holding cost = $3 per year

Order quantity = 1000 units

Cost per unit of the item = $150

Find:

Total cost per year

Computation:

Total cost per year = Purchase cost + Order cost + Inventory holding cost

Total cost per year = [12,000 x 150] + [12,000/1000 x 30] + [1,000/2 x 3]

Total cost per year = 1,800,000 + 360 + 1500

Total cost per year = $1,801,860

5 0
3 years ago
Jim transfers money from his money market account to his savings account. This action:________.
Verizon [17]

Answer:

a.reduced MI and increases M2

Explanation:

Hope that help you!!

4 0
3 years ago
At the beginning of the year, Monroe Company estimates annual overhead costs to be $800,000 and that 200,000 machine hours will
lora16 [44]

Answer:

$600,000

Explanation:

For computing the overhead applied first we have to find out the predetermined overhead rate

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated machine hours)

= $800,000 ÷ 200,000 hours

= $4

Now the overhead applied is

= Actual direct labor-hours × predetermined overhead rate

= 150,000 hours × $4

= $600,000

3 0
3 years ago
Mary beth is a high school senior. She made $2000 this summer working at a part time job. She opened up a Roth IRA to begin savi
Rasek [7]

R: Aggressive

<u>Explanation:</u>

Aggressive development is a common store speculation target that looks for high capital increase potential among development stocks, which are loads of organizations that are required to develop at a rate quicker compared to the general financial exchange. Forceful putting implies putting more in high hazard resources than okay resources.  

<u>Development resources: </u>Growth resources are intended to develop your speculation. They incorporate speculations, for example, shares, elective ventures, and property. They will, in general, convey more elevated levels of hazard yet can possibly convey better yields over longer venture time allotments.

8 0
3 years ago
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