Under what circumstances will variable costing report higher profits than absorption costing?
Question:
Under what circumstances will variable costing report higher profits than absorption costing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Since variable costing treats fixed manufacturing overhead ...View the full answer
Answered By
Hamza Amjad
Currently I am student in master degree program.from last two year I am tutring in Academy and I tought many O/A level student in home tution.
4.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Under what circumstances will absorption costing report higher profits than variable costing?
-
Under what circumstances will a firm report a deferred tax asset on the balance sheet? Under what circumstances will a firm report a deferred tax liability on the balance sheet?
-
Multiple Choice Questions 1. Murdocks Munchies has the following cost information: Variable S&A costs .........$2.00 per unit Direct materials ............$7.50 per unit Variable overhead...
-
Examine how effective change communication can reduce resistance in organization ? explain
-
How many alkenes would you expect to be formed from each of the following alkyl bromides under conditions of E2 elimination? Identify the alkenes in each case. (a) 1-Bromohexane (b) 2-Bromohexane (c)...
-
DE22-1 Vandersteen builds innovative loudspeakers for music and home theater. Identify the following costs as variable or fixed: a. Depreciation on routers used to cut wood enclosures b. Wood for...
-
A sinking fund can be set up in one of two ways: The corporation makes annual payments to the trustee, who invests the proceeds in securities (frequently government bonds) and uses the accumulated...
-
Birmingham Bolt, Inc., has been approached by one of its customers about producing 800,000 special-purpose parts for a new home product. The parts would be produced at a rate of 100,000 per year for...
-
Which of the following can't be an electrophile? NH2 CH (a) (b) (c) * (d) a.. Ob. c.. d
-
Gonzalez, a U.S. citizen, owns 1% of USAco, a domestic corporation. All other shareholders of USAco are unrelated foreign persons. In a Type B reorganization, FORco transfers shares of its voting...
-
Describe the circumstances when variable and absorption costing systems will report identical profits.
-
What arguments can be advanced in favour of variable costing?
-
Americans constitute approximately 5 percent of the worlds population. What percentage of the worlds resources do Americans consume? a. 15 percent b. 25 percent c. 35 percent d. 45 percent LO.1
-
Inferring Transactions from Financial Statements (FSET) Wired.com Inc. is a large e-commerce company, with over $31 billion in revenues for the fiscal year ended December 31, 20X2. For the year ended...
-
Finding Standard Deviation from a Frequency Distribution. In Exercises 37-40, refer to the frequency distribution in the given exercise and compute the standard deviation by using the formula below,...
-
For the past 30 years, the average satisfaction rating for a sushi restaurant has been 3.9 out of 5. If the rating for a sample of 256 people is 4.1 with a standard deviation of 0.5, the critical...
-
Hash collisions occur when more than one item is mapped to the same element in Hash Table's array. What is one way that a Hash Table can handle collisions?
-
Scatterplot. In Exercises 5-8, use the sample data to construct a scatterplot. Use the first variable for the x-axis. Based on the scatterplot, what do you conclude about a linear correlation? Pulse...
-
The Simpson, Hart, Bobb, and Reidel partnership has terminated operations and is undergoing liquidation. Sales commissions and other liquidation expenses are expected to total $19,000. The...
-
Espasso is negotiating for Tornado 2, a sequel to its mega-blockbuster Tornado. This negotiation is proving more difficult than for the original movie. The budgeted production cost (excluding...
-
Distinguish between operating profit and net profit.
-
The Ville de Genve, Switzerland, makes a SFr 400 000 lump-sum budget appropriation to an agency to conduct a counselling programme for drug addicts for a year. All of the appropriation is to be...
-
after a budget has been develop it serves to? 1.Measure the effectiveness of the department managers 2.Assist the county department in posting expenditures 3.Provide a standard against actual cost...
-
Difference between online shopping and e-commerce.
-
Convenience yield can be viewed as the option to consume out of storage. The greater the supply of the commodity relative to consumption, the easier it is to procure the commodity, and the...
Study smarter with the SolutionInn App