Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me with the last three questions The level of inventory of a manufactured product has increased by 8,053 units during a period. The

please help me with the last three questions
image text in transcribed
image text in transcribed
image text in transcribed
The level of inventory of a manufactured product has increased by 8,053 units during a period. The following data are also available: Variable Fixed Unit manufacturing costs of the period $12.00 $8.00 Unit operating expenses of the period 2.00 3.00 The effect on operating income if absorption costing is used rather than variable costing would be a a. 588,583 decrease b. 588,563 increase 564,424 decrease d. 564,424 increase Under which inventory costing method could increases or decreases in operating income be misinterpreted to be the result of operating efficiencies or inefficiencies? a only abortion costing bly variable costing Ce both variable and weption in d. neither variable ho tion coin In the variable costing income statement, deduction of variable selling and administrative expenses from manufacturing margin yields contribution murin to profit marginal expenses d. differential

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

Audit Quality And Financial Statements Fraud Detection

Authors: Asma Al-znaimat, Mohammad Al- Dahiyat

1st Edition

3659537888, 978-3659537882

More Books

Students also viewed these Accounting questions

Question

What advice would you provide to Jennifer?

Answered: 1 week ago

Question

What are the issues of concern for each of the affected parties?

Answered: 1 week ago