Under direct costing, how is profit affected by variations in the inventory of finished goods?
Question:
Under direct costing, how is profit affected by variations in the inventory of finished goods?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Cost Accounting Principles And Applications
ISBN: 9780070081529
5th Edition
Authors: Horace R. Brock
Question Posted:
Students also viewed these Business questions
-
Q #1 Q #2 Q #3 Q #4 . (Solving for n) Jack asked Jill to marry him, and she has accepted under one condition: Jack must buy her a new $320,000 Rolls-Royce Phantom. Jack currently has $44,000 that...
-
The radial dependence of the electric charge density inside a certain atomic nucleus of radius a is roughly described by the piecewise function: po(1 r?/a?), if r < a p = 0, if r > a where a = 3.4...
-
I need help solving my accounting project. i did 4-7 workbook which i have attached below. but 7-10 are incorrect. could someone help me correct from 7-10 quickly please. MI5965 I SEE THE LIGHT...
-
Calculate the covariance of returns on the foreign index and the returns on the domestic index. An analyst produces the following joint probability function for a foreign index (FI) and a domestic...
-
Explain the relationship between the concepts of e-commerce and e-business.
-
Which of the following is not likely to be included in the typical components of management compensation? a. Company stock options. b. Cash bonuses. c. Free meals. d. Fixed salary. e. Company stock.
-
On January 10 Elaine Stahl uses her Salizar Co. credit card to purchase merchandise from Salizar Co. for $1,300. On February 10 Stahl is billed for the amount due of $1,300. On February 12 Stahl pays...
-
Identify the control weaknesses depicted in the flowchart forProblem. INTERNAL CONTROL EVALUATION Customer Sales Department Billing Accounts Receivable Warehouse General Ledger Ladgor 80 Stock Sios...
-
Over the past decades, East Asian economies (Singapore, South Korea etc.) have increased their share of the world's production and consumption. Use the gravity model of trade to explain what are the...
-
Under direct costing, what costs enter into the cost of finished goods?
-
Assuming that more units are produced than are sold, would reported net income be larger under absorption costing or under direct costing? Why?
-
This excerpt comes from an article titled Bartlett Likes Convertibles in the October 7, 1991, issue of BondWeek, p. 7: Bartlett & Co. is selectively looking for opportunities in convertible bonds...
-
Please write text form In a given market the inverse demand function is P = 170 - Q per year. The interest rate is r = 0.05 and the cost structure of a firm is given by C(q) = 80 q. Alternatively,...
-
3. Using the data provided for ABC Company for the months of January through June 2025, answer questions a, b and c below. Indirect labor hours Cost January 400 $6,000 February 500 $7,000 March 600...
-
7. 6. 4. In the figure shown the current through 502 resistor is 20V 1002 ww 502 60V 20 wwww (1) 2A (2) 0 A (3) 4A (4) 6 A 5. In the circuit of adjoining figure the current through 12 2 resister will...
-
What are the three cost systems that you might find in a manufacturing concern? Explain What kind of cost system would you expect to find at Ford Motor Company? What are the documents that could be...
-
1. [35 Points] [Exercise 5.1] For the project data in Table 5.2, redefine the activity durations in terms of the PERT estimates presented as follows. Activity A B If the other activity data are the...
-
(a) Calculate the potential energy of a system of two small spheres, one carrying a charge of 2.00 C and the other a charge of - 3.50 C, with their centers separated by a distance of 0.250 m. Assume...
-
Parkin Industries, a U.S. company, acquired a wholly-owned subsidiary, located in Italy, at the beginning of the current year, for 200,000. The subsidiary's functional currency is the euro. The...
-
c) You work for a manufacturing company and you are trying to decide between two projects. Table 1 shows the cash flows and the Internal Rate of Return (IRR) for each project. \f
-
You invested $12,000 in a stock that has an expected return of 18% and $21,000 in a stock with an expected return of 10%. What is the portfolio's expected return?
-
please answer my question Time Left Question 6 (1 point) The following data set involves exponential growth. O 0.16 0.40 1,00 2.50 15.63 39.06 These figures may be represented by an exponential...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App