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

Question

1 Approved Answer

please help me A business operated at 100% of capacity during its first month and incurred the following costs; If 1,000 units remain unsold at

please help me image text in transcribed
A business operated at 100% of capacity during its first month and incurred the following costs; If 1,000 units remain unsold at the end of the month and sales total $170,000 for the month, what is the amount of the manufacturing margin that would be reported on the absorption costing income statement? $48,000 $33,000 $90,000 not reported

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

Financial Accounting An Introduction to Concepts, Methods and Uses

Financial Accounting An Introduction to Concepts, Methods and Uses

Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis

14th edition

978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023

More Books

Students also viewed these Accounting questions

Question

2 Are organisational justice problems in the creation of results measures restricted to small businesses? Organisational justice and the management of individual performance Lipman, V. (2017), How...

Answered: 1 week ago

Question

★★★★★
Net income was $329,550 for the year. Throughout the year the company had outstanding 18,000 shares of $2.50, $50 par value preferred stock and 105,000 shares of common stock . Required: Calculate...

Answered: 1 week ago

Question

★★★★★
Hassad owns a rental house on Lake Tahoe. He uses a real estate firm to screen prospective renters, but he makes the final decision on all rentals. He also is responsi- ble for setting the weekly...

Answered: 1 week ago

Question

★★★★★
Draw up a cash flow statement for the year ended 31 st December 2020. Calculate for 2020, Free Cash Flow. Calculate the following Ratios for the year 2020 and interpret- Gross Profit Margin, Debt...

Answered: 1 week ago

Question

★★★★★
Which one of the following technologies is not directly related to Big Data? Group of answer choices Spark Hadoop MapReduce OLAP

Answered: 1 week ago

Question

★★★★★
Mr. Brown just won the lottery. The lottery will pay Mr. Brown 6 annual payments, with the first payment occurring today (Year 0) and the last payment occurring 5 years from today (Year 5). Todays...

Answered: 1 week ago

Question

★★★★★
A golf ball is struck across a flat fairway at an angle of 60 with an initial speed of 135ft/s. a.). Write a set of parametric equations for the motion of the golf ball. b.). Determine how long the...

Answered: 1 week ago

Question

★★★★★
At December 31, 2023, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halifax calculates depreciation to the nearest whole month. 1 There have...

Answered: 1 week ago

Question

★★★★★
The most recent financial statements for Crosby, Incorporated, follow. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other...

Answered: 1 week ago

Question

★★★★★
10. Suppose that the Federal Reserve thinks that a stock market bubble is occurring and wants to reduce stock prices. What should it do to interest rates? LO37.8

Answered: 1 week ago

Question

★★★★★
5. Corporations often distribute profits to their shareholders in the form of dividends, which are simply checks mailed out to shareholders. Suppose that you have the chance to buy a share in a...

Answered: 1 week ago

Question

★★★★★
8. In this chapter we discussed short-term U.S. government bonds. But the U.S. government also issues longer-term bonds with horizons of up to 30 years. Why do 20-year bonds issued by the U.S....

Answered: 1 week ago

Previous Question Next Question