Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 25, 2024

Hi , can someone please explain, how product costs and period costs are diffterent under absorption and variable costing methods. And also how are income

,

can someone please explain, how product costs and period costs are diffterent under absorption and variable costing methods. And also how are income statments different under these methods?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Just In Time Accounting How To Decrease Costs And Increase Efficiency

Authors: Steven M. Bragg

3rd Edition

0470403721, 978-0470403723

More Books

Students also viewed these Accounting questions

Question

★★★★★

Discuss why it may be necessary for an organization to alter its targeting strategy over time.

Answered: 1 week ago

Question

★★★★★

Continuing advances in communication technology make it a. Easier to control rumors through Internet fi lters and other means b. More diffi cult to control rumors c. Easier to fi nd the people who...

Answered: 1 week ago

Question

★★★★★

For n 20 and p 10n, the following approximation can be used: (1 p)n enp.

Answered: 1 week ago

Question

★★★★★

Calculate the forces FA and FB that the supports exert on the diving board of Fig. 9-42 when a 58-kg person stands at its tip. (a) Ignore the weight of the board. (b) Take into account the boards...

Answered: 1 week ago

Question

★★★★★

Claire has invested $4000 in a 15 - month cd that pays an annualized rate of 6.31%. how much interest will Claire received at maturity? At maturity, , the amount Claire will receive in interest is $-.

Answered: 1 week ago

Question

★★★★★

Calculate the theoretical time complexity by counting the number of subtractions as a basic operation. What do you think is the Big-Oh for the complexity?

Answered: 1 week ago

Question

★★★★★

In recent years, the number of Americans who never marry has Multiple choice question. decreased. not changed. increased

Answered: 1 week ago

Question

★★★★★

When is it not acceptable to apply the auditing standards of another country or the International Standards on Auditing (ISAs)? The auditor is a licensed expert of those standards. The auditor uses...

Answered: 1 week ago

Question

★★★★★

Resistance is a deleterious force in therapy and must be confronted in the first session true or false

Answered: 1 week ago

Question

★★★★★

A company is giving a hiring exam for an entry level position. 80% of the candidates passed with an average score of 83%, while remaining candidates failed the exam with an average score of 54%. If...

Answered: 1 week ago

Question

★★★★★

The cost of new machine is $220,000. The cost of shipping is $10,000 and of installation is $20,000. The required working capital is $25,000. Using the 3-year MACRS schedule, determine the...

Answered: 1 week ago

Question

★★★★★

What steps will you take to maximise the confidentiality of the data you gather and the anonymity of your subjects?

Answered: 1 week ago

Question

★★★★★

Discourse analysis involves examining: a The ways in which communication is undertaken to produce desired effects. b Forms of communication both written and visual. c The way discourses frame peoples...

Answered: 1 week ago

Question

★★★★★

How aware are you of your own personal bias? How might this affect what you expect your data to show? What steps can you take to limit the influence of your personal perspective on the data that are...

Answered: 1 week ago

Previous Question Next Question