Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help answer question 11-15 When reconciling variable costing and absorption costing net operating income, forced manufacturing over head costs deferred in inventory under absorption

Please help answer question 11-15 image text in transcribed
When reconciling variable costing and absorption costing net operating income, forced manufacturing over head costs deferred in inventory under absorption costing should be added to variable costing net operating income to arrive at the absorption costing net operating income. True False The variable expense per unit a $12 and the selling price per unit is $40. Then the contribution margin ratio of 70%. True False Under absorption costing, product costs consist of direct materials. direct labor. and birth variable and forced manufacturing overhead. True False The break even point in unit sales found by dividing total fixed expenses by: the contribution margin ratio. the contribution margin per unit. the variable expenses per unit. the sales price per unit. Selling end administrative expenses per treated as period costs under both variable costing and absorption costing. True False

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

Not For Profit Entities Audit And Accounting Guide

Authors: AICPA

1st Edition

1937351971, 978-1937351977

More Books

Students also viewed these Accounting questions

Question

the solution of the coefficitent recursion relation an + 1 is

Answered: 1 week ago

Question

Additional Factors Affecting Group Communication?

Answered: 1 week ago