Gel Shell makes gel nail polish, which they sell for $18/bottle. Gel Shell has the following costs Gel Shell's Costs Type of Cost Amount Direct Materials $2/unit Direct Labor $3/unit Variable Overhead $4/unit Fixed Overhead $800,000/year Variable sales and administrative $1/unit Fixed sales and administrative $80,000/year In the current year, Gel Shell produced 160,000 bottles of nail polish and sold $170,000 bottles of nail polish. The ended the year with 30,000 unsold bottles of nail polish Will Gel Shell's Net Income be higher under absorption costing or variable costing? absorption variable Othey will be the same Gel Shell makes gel nail polish, which they sell for $18/bottle. Gel Shell has the following costs Gel Shell's Costs Type of Cost Amount Direct Materials $2/unit Direct Labor $3/unit Variable Overhead $4/unit Fixed Overhead $800,000/year Variable sales and administrative $1/unit Fixed sales and administrative $80,000/year In the current year, Gel Shell produced 160,000 bottles of nail polish and sold $170,000 bottles of nail polish. The ended the year with 30,000 unsold bottles of nail polish What is the value of Gel Shell's ending inventory under variable costing? O 270,000 420,000 490,000 O 250,000 Gel Shell makes gel nail polish, which they sell for $18/bottle. Gel Shell has the following costs Gel Shell's Costs Type of Cost Amount Direct Materials $2/unit Direct Labor $3/unit Variable Overhead $4/unit Fixed Overhead $800,000/year Variable sales and administrative $1/unit Fixed sales and administrative $80,000/year In the current year, Gel Shell produced 160,000 bottles of nail polish and sold $170,000 bottles of nail polish. The ended the year with 30,000 unsold bottles of nail polish How much is the difference between Gel Shell's absorption net income and variable net income? 80,000 O 150,000 O 130,000 50,000 Gel Shell makes gel nail polish, which they sell for $18/bottle. Gel Shell has the following costs Gel Shell's Costs Amount Type of Cost Direct Materials $2/unit Direct Labor $3/unit Variable Overhead $4/unit Fixed Overhead $800,000/year Variable sales and administrative $1/unit Fixed sales and administrative $80,000/year In the current year, Gel Shell produced 160,000 bottles of nail polish and sold $170,000 bottles of nail polish. The ended the year with 30,000 unsold bottles of nail polish. What is Gel Shell's Net Income under absorption costing? Corre 430,000 O 420,000 You O 480,000 O 270,000 Gel Shell makes gel nail polish, which they sell for $18/bottle. Gel Shell has the following costs Gel Shell's Costs Amount Type of Cost Direct Materials Direct Labor $2/unit $3/unit Variable Overhead $4/unit Fixed Overhead $800,000/year Variable sales and administrative $1/unit Fixed sales and administrative $80,000/year In the current year, Gel Shell produced 160,000 bottles of nail polish and sold $170,000 bottles of nail polish. The ended the year with 30,000 unsold bottles of nail polish What is the value of fixed overhead in beginning inventory under absorption costing? O 150,000 O 100,000 50,000 O 200,000
