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2 . Change all of the numbers in the data area of your worksheet so that it looks like this: If your formulas are correct,
Change all of the numbers in the data area of your worksheet so that it looks like this: If your formulas are correct, you should get the correct answers to the following questions. a What is the net operating income loss in Year under absorption costing? b What is the net operating income loss in Year under absorption costing? c What is the net operating income loss in Year under variable costing? d What is the net operating income loss in Year under variable costing? e The net operating income loss under absorption costing is less than the net operating income loss under variable costing in Year because: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. check all that apply Units were left over from the previous year.unanswered The cost of goods sold is always less under variable costing than under absorption costing. Sales exceeded production so some of the fixed manufacturing overhead of the period was released from inventories under absorption costing.unanswered Make a note of the absorption costing net operating income loss in Year At the end of Year the companys board of directors set a target for Year of net operating income of $ under absorption costing. If this target is met, a hefty bonus would be paid to the CEO of the company. Keeping everything else the same from part above, change the units produced in Year to units. a Would this change result in a bonus being paid to the CEO? multiple choice Yes No b What is the net operating income loss in Year under absorption costing? c Would this doubling of production in Year be in the best interests of the company if sales are expected to continue to be units per year? multiple choice Yes No per unit produced:,,,Direct materials,$Direct labor,$Variable manufacturing overhead,$Fixed manufacturing overhead per year,$Selling and administrative expenses:,,,Variable per unit sold,$Fixed per year,$ear Year Units in beginning inventory,,Units produced during the year,,Units sold during the year,,
Change all of the numbers in the data area of your worksheet so that it looks like this:
If your formulas are correct, you should get the correct answers to the following questions.
a What is the net operating income loss in Year under absorption costing?
b What is the net operating income loss in Year under absorption costing?
c What is the net operating income loss in Year under variable costing?
d What is the net operating income loss in Year under variable costing?
e The net operating income loss under absorption costing is less than the net operating income loss under variable costing in Year because: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.
check all that apply
Units were left over from the previous year.unanswered
The cost of goods sold is always less under variable costing than under absorption costing.
Sales exceeded production so some of the fixed manufacturing overhead of the period was released from inventories under absorption costing.unanswered
Make a note of the absorption costing net operating income loss in Year
At the end of Year the companys board of directors set a target for Year of net operating income of $ under absorption costing. If this target is met, a hefty bonus would be paid to the CEO of the company. Keeping everything else the same from part above, change the units produced in Year to units.
a Would this change result in a bonus being paid to the CEO?
multiple choice
Yes
No
b What is the net operating income loss in Year under absorption costing?
c Would this doubling of production in Year be in the best interests of the company if sales are expected to continue to be units per year?
multiple choice
Yes
No per unit produced:,,,Direct materials,$Direct labor,$Variable manufacturing overhead,$Fixed manufacturing overhead per year,$Selling and administrative expenses:,,,Variable per unit sold,$Fixed per year,$ear Year Units in beginning inventory,,Units produced during the year,,Units sold during the year,,
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