When the volume of closing inventory is lower than the volume of opening inventory, which will show
Question:
When the volume of closing inventory is lower than the volume of opening inventory, which will show the greater profit, absorption costing or marginal costing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
When the volume of closing inventory is lower than the opening inventory it means a larger portion o...View the full answer
Answered By
Caroline Kinuthia
Taking care of the smaller details in life has a larger impact in our general well being, and that is what i believe in. My name is Carol. Writing is my passion. To me, doing a task is one thing, and delivering results from the task is another thing. I am a perfectionist who always take things seriously and deliver to the best of my knowledge.
4.90+
1934+ Reviews
4273+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
When the volume of closing inventory is greater than the volume of opening inventory, which will show the greater profit, absorption costing or marginal costing?
-
When the volume of closing inventory is the same as the volume of opening inventory, which will show the greater profit, absorption costing or marginal costing?
-
Which of the following statements is correct, when comparing the profits reported under marginal and absorption costing during a period when the level of inventory decreased? a). Absorption costing...
-
Find keys K such that DESK (DESK (x)) = x, for all x Such a key is sometimes called a weak key. How many weak keys can you find? To solve this problem you need to look up the exact key schedule...
-
Early in the twentieth century, Robert Goddard proposed sending a rocket to the moon. Critics objected that in a vacuum, such as exists between the Earth and the Moon, the gases emitted by the rocket...
-
Use the method of partial fraction decomposition to perform the required integration. S- x3-2x (x+6)2 -dx
-
Fernandez & Co. experienced the following six events during the current year: 1. The sale of common stock to investors for \($5\) million cash. 2. The sale of a new bond issue to investors for...
-
Daryl Kearns saved $240,000 during the 30 years that he worked for a major corporation. Now he has retired at the age of 60 and has begun to draw a comfortable pension check every month. He wants to...
-
Suppose scores on exams in Biology are normally distributed with an unknown population mean and a population standard deviation of 5.4 points. A random sample of 60 scores is taken and gives a sample...
-
(a) Explain what is meant by (i) absorption costing; and (ii) variable costing. (b) Explain the arguments in favour of absorption costing and the arguments in favour of variable costing.
-
The following extract discusses whether companies should give away their products free when the marginal cost of production is relatively high. Giving products away free, from browsers to newspaper...
-
The text of the Encyclopaedia Britannica is about 44 million words. An average word length is 6.3 characters per word (this includes both the letters in the word and the spacing and punctuation...
-
Cane Company manufactures two products called Alpha and Beta that sell for $185 and $120, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the...
-
Kirkland Company combines its operating expenses for budget purposes in a selling and administrative expense budget. For the first 6 months of 2020, the following data are available. 1. Sales: 20,300...
-
How do traditional functional organizational structures compare with more contemporary network-based structures in terms of scalability and the ability to leverage distributed talent and resources...
-
A thick-walled steel cylinder with length L = 500 mm, inner radius a = 25 mm and outer radius b = 250 mm is shrunk onto a steel shaft with radius a +6, where d is the interference fit (fig. 4). The...
-
OH Testosterone is the primary male sex hormone. It plays a key role in the development of male reproductive tissues and it promotes development of secondary sexual characteristics such as muscle,...
-
Presented below are transactions related to Bogner Company. 1. On December 3, Bogner Company sold $570,000 of merchandise to Maris Co., terms 2/10, n/30, FOB shipping point. The cost of the...
-
Classify each of the following activities as proper or prohibited under the various consumer statutes you have studied. a. Calling a hospital room to talk to a debtor who is a patient there. b....
-
List three features of an income statement (profit and loss account) format which are particularly useful in making the format helpful to readers?
-
List three features of an income statement (profit and loss account) format which are particularly useful in making the format helpful to readers?
-
List three features of an income statement (profit and loss account) format which are particularly useful in making the format helpful to readers?
-
Question 10 2 A 25-year corporate bond has a par value of $5,000 and a 7% annual coupon rate. Assume that your required rate of return is 9.5% and that you plan to hold onto this bond for 19 years....
-
Assignment topic (BUS329, TM 2023): Efficient Market Hypothesis: Application of Event Study method Event study method is used to test semi-strong form of market efficiency. In this assignment you...
-
ences Problem 11-28 Sensitivity Analysis [LO1] Consider a project to supply Detroit with 27,000 tons of machine screws annually for automobile production. You will need an initial $5,600,000...
Study smarter with the SolutionInn App