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miv72 [106K]
3 years ago
10

Discuss the difference between the income statement of Variable and absorption costing.

Business
1 answer:
cestrela7 [59]3 years ago
7 0
Absorption costing includes all of the direct costs associated with manufacturing a product, while variable costing can exclude some direct fixed costs. ... Variable costing includes all of the variable direct costs in COGS but excludes direct, fixed overhead costs.
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What is the total federal income tax withholding reported on the Matthews’ Form 1040?
krek1111 [17]

Answer:

correct answer is d . $6,778

Explanation:

we get here total federal income tax that will be

as we know that

federal income tax withholding barbara  = $2784

federal income tax withholding mark =$2253

form SSA 1099          =  $1721

and form 1099 interest income = $20

we get total federal income tax that is sum of all four

total federal income tax = $2784 + $2253 + $1721 + $20  

total federal income tax =  $6,778

so correct answer is d . $6,778

4 0
3 years ago
Pauline’s parents perform tasks of which order in this scenario? Pauline’s family is fairly liberal. Her parents have set certai
sdas [7]

Answer:

The reason is that the Pauline's parents are performing parental orders which includes the imposition of conditions. These imposed conditions and rules for the children are for their benefit and will help them in forming habits and protect themselves from the world evil beings. All the habits structuring of Pauline which her parent desire are of immense importance for her future life. Neither of the condition or rule mentioned in the case are unethical and are what a proactive person possesses and are also desirable. This shows that the parents are working hard with their children to let them have a good set of habits and reflects good parenting. Though initiallt it seems that the liberty of Pauline is diminished but will ensure its future safety and liberty in the long run. People have choice to drink wine but this doesn't mean that the childrem must also taste them. This is because its not good for health and that the lack of good parenting will affect them most.

3 0
3 years ago
A pencil manufacturer is in a perfectly competitive market. The firm can sell as much as it wants at a price of $1.50 per pencil
Ierofanga [76]

Answer:

d. Continue production in the short run, but exit the business in the long run unless prices are expected to rise or costs to fall..

Explanation:

Currently, their sales revenue less variable cost is positive as it can sale at $1.50 dollars and the variables cost are less than that. Therefore, there are fixed cost thefirm can pay because it produce.

Now, in the long-run when the firm can exit the market it should consider to do so if it continues to get an average cost above the selling price.

3 0
3 years ago
The following information relates to Ivanhoe Co. for the year ended December 31, 2020: net income $1,180 million; unrealized hol
QveST [7]

Answer:

a. Other Comprehensive income for 2020 = Unrealized holding loss = -$9.9 million

b. Comprehensive income for 2020 = Net income - Unrealized holding loss = $1,180 million -$9.9 million = $1,170.1 million

c. Accumulated other comprehensive income at December 31, 2020 = Accumulated other comprehensive income - Other Comprehensive income for 2020 = $55.2 million -$9.9 million = $45.3 million

5 0
3 years ago
Joe was the head chef and owner of Corner Grill in Columbus. He had three employees. One of them, Joan, fell sick on Sunday. Joe
Thepotemich [5.8K]

Answer:If Ashton was made aware that he could be called in to cover for another employee during the hiring.Or he had stood in for another employee several times after being called and without calling back

Explanation:

4 0
4 years ago
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