FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10. Dasman Co. reported $106,000 of net income for the year by using variable costing. The company had no beginning inventory, actual production of 50,000

image text in transcribed
10. Dasman Co. reported $106,000 of net income for the year by using variable costing. The company had no beginning inventory, actual production of 50,000 units, and sales of 47,000 units. Variable manufacturing costs were $15 per unit, and total budgeted fixed manufacturing overhead was $150,000. Net income under absorption costing would be: A. $52,000 C. $106,000 B. $97,000 D. $115,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mastering Accounting Skills

Mastering Accounting Skills

Authors: Margaret Nicholson

3rd Edition

1403992703, 978-1403992703

More Books

Students also viewed these Accounting questions

Question

★★★★★
The nonprismatic cantilever circular bar shown has an internal cylindrical hole from 0 to x, so the net polar moment of inertia of the cross section for segment 1 is (7/8)Ip. Torque T is applied at x...

Answered: 1 week ago

Question

★★★★★
There are other problems that must be avoided when repositioning sections of your report in the redrafting processes. What are they? LO3

Answered: 1 week ago

Question

★★★★★
In this chapter we have argued that errors and accidents are not necessarily bad for the organization, but rather that organizations could learn from these. In this sense, errors should not be...

Answered: 1 week ago

Question

★★★★★
The shelf supports the electric motor which has mass m 1 and mass center at Gm. The platform upon which it rests has mass m 2 and mass center at Gp. Assuming that a single bolt B holds the shelf up...

Answered: 1 week ago

Question

★★★★★
Hashim Trading LLC is a local merchandiser in Oman. From the given Trail balance for the year ending 31.12.2019, prepare final accounts for the business. OMR OMR Sales /turnover 200,000 Purchases...

Answered: 1 week ago

Question

★★★★★
One of the most common uses of the torsion test, is to determine the material of rods and bars especially circular cross-section bars. Your manager assigned you a job is to recognize the material of...

Answered: 1 week ago

Question

★★★★★
Read the following passage: "Mary had been asking her neighbor to repair the fence on his goat pen all summer, but he'd only laughed at her and insisted the animals could not get out. So she was...

Answered: 1 week ago

Question

★★★★★
A machine costing $209,000 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce...

Answered: 1 week ago

Question

★★★★★
Assume that an MNC has the following U-shaped long run average cost curve (AC), where Q stands for qua of ourpol AC B C AC1 AC2 F If this MNC is destroying value by undertaking negative NPV project,...

Answered: 1 week ago

Question

★★★★★
The most recent financial statements for Mandy Company are shown here: Income Statement Balance Sheet $ Sales Current assets 20,200 Costs 13,900 Fixed assets $ 11,960 Debt 31,950 Equity $ 16,480...

Answered: 1 week ago

Question

★★★★★
The ledger of Sunland Company contains the following balances: Owner s Capital $ 2 8 , 9 0 0 , Owner s Drawings $ 2 , 1 0 0 , Service Revenue $ 5 1 , 0 0 0 , Salaries and Wages Expense $ 2 6 , 4 0...

Answered: 1 week ago

Question

★★★★★
What are the possible long-term consequences for Janines employment status?

Answered: 1 week ago

Question

★★★★★
What are the steps in the T&D process?

Answered: 1 week ago

Question

★★★★★
Define training and development.

Answered: 1 week ago

Previous Question Next Question