Explain why absorption costing and marginal costing may lead to different measures of profit in a period?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Absorption costing The other name of absorption costing is full costing In absorption costing all th...View the full answer
Answered By
Bhuwan pandey
I like to teach commerce students and i am teaching since 2014. i teach also for academics as well as for professional studies. I find Solutioninn is a best place to how my skills to help students
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Explain the difference between absorption costing and variable costing. Why do internal users need variable costing information?
-
A manufacturer of glass bottles has been affected by competition from plastic bottles and is currently operating at between 65 and 70 per cent of maximum capacity. The company at present reports...
-
Prepare and Interpret Income Statements; Changes in Both Sales and Production; Lean Production Starfax, Inc., manufactures a small part that is widely used in various electronic products such as home...
-
(a) Write the chemical reactions whose equilibrium constants are Kb and Ka for imidazole and imidazole hydrochloride, respectively.
-
The members of the mechanism are pin connected. If a horizontal force P acts at A, determine the angle for equilibrium. The spring is unstretched when = 90. Units Used: kN = 103 N Given: a = 0.5 m...
-
An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August, current year. Prepare a revised income statement in accordance with generally...
-
Describe the Planning theme in a PRINCE2 project. AppendixLO1
-
Look at Figure 13.2, which shows the organizational life cycle. In which of these stages is Sir Kensingtons located? To what issues do Sir Kensingtons founders need to be particularly sensitive in...
-
=u50052-1dd47d4-859d-cc28dc821/questi Test 2 Question 8 of 11 78 8 !!! Current Attempt in Progress Concord Hoadley and Tammy Quayle borrowed $19,200 on a 7-month, 9% bank loan from BMO Bank of...
-
Company ABC announces that it has agreed to be acquired. ABC launches a Change of Control offer to repurchase its outstanding bonds at 101% of par. Bondholders unanimously rejected the Change of...
-
Define marginal costing?
-
Set out the arguments in favor of absorption costing?
-
Determine the maximum deflection of the shaft. \(E I\) is constant. The bearings exert only vertical reactions on the shaft. 312 22 B
-
3. Given the continuous beam shown below, which span or spans should be loaded with a uniform distributed load to produce a maximum moment at support B? (5 points) SPAN 1 SPAN 2 SPAN 3 A B D 20 ft...
-
Complete the following writing assignment: Analyze the attached 10_pages. Write_about them, summarize what you read, and connect it to personal experiences. CHAPTER 8 Anxiety Disorders DAVID P....
-
As a manager of an airline company you want to learn the average weight of luggages checked in on a flight. From a sample of 1 6 luggages, you find the average to be 2 6 kg and the standard deviation...
-
What is the Manufacturing Cycle Efficiency? 11. Use High-Low to find the fixed and variable costs. Machine Month Costs Hours 12345678 $1,730,890 15,820 $1,753,860 13,980 $1,562,890 11,550 4...
-
Jimmy Padilla purchased a gravel pit in the current year for $944,232 and estimates that there will be a residual value in the land of $36,404 once resource extraction is complete. He estimates that...
-
Gender differences in student needs and fears were examined in the article A Survey of Counseling Needs of Male and Female College Students (Journal of College Student Development [1998]: 205208)....
-
If the jobs displayed in Table 18.24 are processed using the earliestdue-date rule, what would be the lateness of job C? TABLE 18.24 Processing Times and Due Dates for Five Jobs Job C D E...
-
List three features of a statement of financial position (balance sheet) 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?
-
) A form used to organize and check data before preparing financial reports is known as a(n):A) statement of financial position.B) income statement.C) ledger. D) worksheet.2) Bringing account...
-
16) The entry to record the payment of office salaries would be: A) Debit Cash; Credit Salaries PayableB) Debit Cash; Credit Salaries ExpenseC) Debit Salaries Expense; Credit Accounts PayableD) Debit...
-
9) The general journal:A) is the book of original entry.B) is the book of final entry.C) contains account balances.D) is completed after the closing entries.10) The process of initially recording...
Study smarter with the SolutionInn App