How are absorption costing and variable costing the same? How are they different?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
Absorption costing and variable costing are similar in that they both include direct mate...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Managerial Accounting questions
-
How do absorption costing and variable costing differ in how they treat fixed manufacturing overhead costs?
-
Explain the difference between absorption costing and variable costing. Why do internal users need variable costing information?
-
What is the difference between absorption costing and variable costing?
-
1.3 WANEFMAC7 1.3.007. Find the equation of the given linear function. \[ f(x)= \] WANEFMAC7 1.3.015. Find the slope of the given line, if it is defined. (If an answer is undefined, enter UNDEFINED.)...
-
A small car is traveling at twice the speed of a larger car, which has twice the mass of the smaller car. Which car has the greater kinetic energy? (Or do they both have the same kinetic energy?)
-
Explain the major purposes of budgeting.
-
Measuring pain. The Department of Veterans Affairs offers medical care to 5.5 million patients. It wants doctors and nurses to treat pain as a fifth vital sign, to be recorded along with blood...
-
What does it mean to isolate the technical core of a business?
-
Calculate the price of a 6-month index call option with 1000 strike price using the following information. Current index level 1,083 Index dividend yield 1% per annum Risk-free rate 4% per annum 6-m...
-
Fleet Street Inc., a manufacturer of high-fashion clothing for women, is located in South London in the UK. Its product line consists of trousers (45%), skirts (35%), dresses (15%), and other (5%)....
-
When should a company use absorption costing when setting sales prices? When should it use variable costing?
-
When units produced exceeds units sold, how does operating income differ between variable costing and absorption costing? Why?
-
What are the three major rating agencies?
-
Critical Values. In Exercises 41-44, find the indicated critical value. Round results to two decimal places. 41. Z0.25 42. Z090 43. Z0.02 44. Z0.05
-
Case Study X Ltd. has 10 lakhs equity shares outstanding at the beginning of the accounting year 2016. The appropriate P/E ratio for the industry in which D Ltd. is 8.35. The earnings per share is...
-
Notation of 0 + Using the same survey described in Exercise 1, the probability of randomly selecting 50 speaking characters from movies and getting 40 females is expressed as 0+. Does 0+ indicate...
-
A simple random sample of 10 pages from a dictionary is obtained. The numbers of words defined on those pages are found, with the results n = 10, x = 66.4 words, s = 16.6 words. Given that this...
-
Question 3 58.5 Average global temperature 1880-2013 58.0 $ 57.5 57.0 56.5 1880 1900 1920 1940 1960 1980 2000 2020 Year The graph above indicates that global temperatures have Ovaried randomly over...
-
In groups, compare and contrast your likely responses to the three scenarios. Come to a consensus on the two most likely responses for the group as a whole. Elect one group member to write the two...
-
l ask this second time correnct answer is 38,01 can we look pls Consider a non-conducting rod of length 8.8 m having a uniform charge density 4.5 nC/m. Find the electric potential at P, a...
-
What do you think explains the placebo effect?
-
The accountant for Countryside Painting Specialists is having a hard time preparing the trial balance as of November 30, 2024: Prepare the corrected trial balance as of November 30, 2024. Assume all...
-
The following trial balance of Joy McDowell Tutoring Service as of May 31, 2024, does not balance. Investigation of the accounting records reveals that the bookkeeper: a. Recorded a $400 cash revenue...
-
The T-accounts of McMahon Farm Equipment Repair follow as of May 31, 2024. Prepare McMahon Farm Equipment Repairs trial balance as of May 31, 2024. ASSETS Cash 31,000 14,000 1,800 800 400 4,000 2,000...
-
Nitin is paid a base salary of $200 per week and commission at the rate of 3% for sales over $5000, 4% if his sales are over $8000, and 5% if sales are over $15,000. How much will Nitin earn in a...
-
Safa is paid a base salary of $1500 per month and a commission of 6% on all sales over $75,000. Last month, Safa's gross salary was $4440. What were her sales for the month? a$149,000 b$124,000...
-
Your regular hourly rate of pay is $15.86, and you are paid double time for all work on weekends and for any time over forty hours per week (Monday to Friday). Calculate your gross earnings for a...
Study smarter with the SolutionInn App