Fixed manufacturing costs are $36 per unit, and variable manufacturing costs are $84 per unit. Production was
Question:
Fixed manufacturing costs are $36 per unit, and variable manufacturing costs are $84 per unit. Production was 56,000 units, while sales were 42,000 units. Determine
(a) Whether variable costing income from operations is less than or greater than absorption costing income from operations, and
(b) The difference in variable costing and absorption costing income from operations.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (10 reviews)
a Variable costing income from operati...View the full answer
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
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
Question Posted:
Students also viewed these Business questions
-
Fixed manufacturing costs are $ 70 per unit, and variable manufacturing costs are $ 132 per unit. Production was 384,000 units, while sales were 345,600 units. Determine (a) Whether variable costing...
-
Fixed manufacturing costs are $ 44 per unit, and variable manufacturing costs are $ 100 per unit. Production was 67,200 units, while sales were 50,400 units. Determine (a) Whether variable costing...
-
Fixed manufacturing costs are $30 per unit, and variable manufacturing costs are $55 per unit. Production was 160,000 units, while sales were 144,000 units. Determine a. Whether variable costing...
-
Midwest Inc. is a medium-size company that has been in business for 20 years. The industry has become very competitive in the last few years, and Midwest has decided that it must grow if it is going...
-
Peoria Corp. just completed another successful year, as indicated by the following income statement: ............................................................For the Year Ended December 31, 2017...
-
Andrades equation has been proposed as a model of the effect of temperature on viscosity, = DeB/T0 Where = dynamic viscosity of water (10-3 N s/m2), T = absolute temperature (K), and D and B are...
-
Return to the data set concerning the yield of F3 wheat families in the presence of ryegrass, introduced in Exercise 3 in Chapter 3. (a) Using mixed modelling, obtain an estimate of the mean yield of...
-
Stanton Inc. makes unfinished bookcases that it sells for $60. Production costs are $30 variable and $10 fixed. Because it has unused capacity, Stanton is considering finishing the bookcases and...
-
13-27 Value engineering, target pricing, and target costs. Westerly Cosmetics manufactures and sells a variety of makeup and beauty products. The company has developed its own patented formula for a...
-
a. The wave in the shallow tank of water shown in the figure moves at 0.08 m/s towards the left. How long does it take for the wave to return to the position 3CY, but moving to the right? b. A man is...
-
During the first month of operations ended May 31, 2013, T-Shirt Express Company produced 37,000 designer T-Shirts, of which 34,300 were sold. Operating data for the month are summarized as follows:...
-
Kuhn Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended June 30, 2012, are as...
-
Discuss the major advantage of the discounted cash flow method in evaluating capital investment projects.
-
A farmer has an acre of specialty vegetables and is preparing for the summer harvest. Historically, this acre has yielded an average of 2,100 lbs of product with a standard deviation of 950 lbs. A...
-
Solve 3x 82+22 = (4).
-
(c) Compute EVPI and EVSI (in thousands of dollars). (Round your answers to one decimal place.) EVPI $ 3.6 EVSI $ 3.6 Xthousand x thousand Discuss whether the firm should consider a consulting expert...
-
Question 9 (1 point) If the common law requires employees of a bar establishment to monitor a potentially intoxicated patron and to possibly make an effort to intervene if there is an indication the...
-
B. A velocity potential is given by the equation: Q = x-y 3. (10 pts) Short answer, What special characteristics of the velocity potential make it very useful in identifying a type of flow and...
-
Energy Ltd. is authorized to issue $3,000,000 of 1%, 10-year bonds payable. On December 31, 2021, when the market interest rate is 8%, the company issues $2,400,000 of the bonds. Energy amortizes...
-
Chicago Company sold merchandise to a customer for $1,500 cash in a state with a 6% sales tax rate. The total amount of cash collected from the customer was $558. $600. $642. $636. Nevada Company...
-
Which action on the part of a manager would affect a businesss cash flow from investing activities? a. Selling marketable securities b. Increasing the size of food inventories c. Collecting $25,000...
-
When preparing a SCF, the amount of deprecation listed on the income statement must be a. Added back to net cash flow from operating activities. b. Subtracted from net cash flow from operating...
-
Which is true about the numbers shown on properly prepared SCF? a. Sources of funds are shown as a positive number and uses of funds are shown as a negative number. b. Sources of funds are shown as a...
-
On January 1 , 2 0 2 4 , Pine Company owns 4 0 percent ( 1 2 0 , 0 0 0 shares ) of Seacrest, Incorporated, which it purchased several years ago for $ 6 7 8 , 0 0 0 . Since the date of acquisition,...
-
Typical impact on product costs from implementing ABC include: a. Shifting of manufacturing overhead costs from low volume products to high-volume products. b. Decreases in per unit costs of high...
-
Elvis towing is selling one of its machines for $20,000. The book value of the machine is $15,000. Compute (a) the gain (loss) on the sale of the machine and (b) the net cash flow that will be...
Study smarter with the SolutionInn App