Answer:
A higher operating income will result under absorption costing
Explanation:
If manufacturing production exceeds units sold there will be an increase in inventory and increases in inventory cause income to be higher under absorption costing than under variable costing.
Under variable costing, as its name suggests, only variable production costs are assigned to inventory and cost of goods sold.
Under absorption costing, normal manufacturing costs are considered product costs and included in inventory.
<em>Recognize that a reduction in inventory during a period will cause the opposite effect. </em>
<em>Specifically, a portion of the contents of the beginning inventory would be transferred to expense commensurate with the decrease in inventory. </em>
<em>Since the inventory contains less under variable costing, expect expenses to be lower and income to be higher.</em>
Answer:
Depreciation Expense = $5800
Explanation:
As per the data given in the question,
Initial cost = $52,800
Freight cost = $300
Non-refundable tax = $6,400
Installation = $500
Estimated residual value = $2,000
Rate = 10%
So total cost of assets = $52,800 + $300 + $6,400 + $500
= $60,000
As per the following formula,
The straight line depreciation expense = (Cost- Residual value) × Straight line depreciation rate
=($60,000 - $2,000) × 10%
=$58,000 × 10%
=$5,800
I think the answer is D. i’m not really sure but i’m sorry if it is wrong
Answer:
an increase in the number of goods produced
the creation of employment opportunities
Explanation:
The GDP value communicates the rate of economic growth in a country. An increase in GDP shows the economy is growing. The GDP value is calculated by adding all the values of new goods and services produced within the country. An increase in the value of products and services produced results in an increase in GDP, indicating economic growth.
When businesses need to offer more goods and services, they require to hire additional workers to be engaged in production activities. Economic growth means more job opportunities are created.
