Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 15, 2024

Using the information below (assume no opening inventory), what would be theprofitunder variable costing and absorption costing, respectively? Sales $120,000 Units Produced 35000 Units Sold

Using the information below (assume no opening inventory), what would be theprofitunder variable costing and absorption costing, respectively?

Sales $120,000 Units Produced 35000 Units Sold 33260 Budgeted and actual fixed overhead cost $84,000 Direct manufacturing cost $21,000 Selling and administrative expenses $6,000

Select one:

A. Insufficient data to calculateB. $10 044; $8 220C. $9000; $13 176D. $10 044; $14 220

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

College Accounting Chapters 1-30

Authors: John Price, M. David Haddock, Michael Farina

15th edition

1259994975, 125999497X, 1259631117, 978-1259631115

More Books

Students also viewed these Accounting questions

Question

★★★★★

Benito Gonzalez founded and grew the BioSystems Manufacturing Corporation over a several-year period. However, Benito has decided to harvest or exit BioSystems now at the end of 2010 with the...

Answered: 1 week ago

Question

★★★★★

What problems arose from the admission of twelve new members between 2004 and 2007?

Answered: 1 week ago

Question

★★★★★

What is the sampling distribution of???????? ????????se(????????)when (a) the normality assumption is valid? (b) ???? is large?

Answered: 1 week ago

Question

★★★★★

Cindy Lawson just bought a major league baseball team. She has been receiving a lot of advice about what she should do to create a winning ball club. Cindy asks you to study this problem and write a...

Answered: 1 week ago

Question

★★★★★

Precision Tool is trying to decide whether to lease or buy some new equipment for its tool and die operations. The equipment costs $57,000, has a 3-year life and will be worthless after the 3 years....

Answered: 1 week ago

Question

★★★★★

In early January 2019, Sheffield Corporation applied for a trade name, incurring legal costs of $ 16,600. In January 2020, Sheffield incurred $ 8,100 of legal fees in a successful defense of its...

Answered: 1 week ago

Question

★★★★★

What is Larmors formula? Explain with a suitable example.

Answered: 1 week ago

Question

★★★★★

Question 1: Discuss the causes and consequences of the Industrial Revolution in Europe. How did it transform European societies and economies? Question 2: (20 marks) Examine the causes, key events,...

Answered: 1 week ago

Question

★★★★★

A particle of mass $ m $ moves under the influence of a conservative force described by the potential energy function $ U(x) = \frac{kx^2}{2} $, where $ k $ is a constant and $ x $ is the...

Answered: 1 week ago

Question

★★★★★

A 2 kg block slides on a horizontal frictionless surface with a velocity of 4 m/s. It collides elastically with a stationary block of mass 3 kg. Determine the final velocities of both blocks after...

Answered: 1 week ago

Question

★★★★★

A satellite of mass 500 kg is orbiting Earth at an altitude where the gravitational acceleration is $ 7.5 \, \text{m/s}^2 $. Calculate the gravitational force acting on the satellite and the...

Answered: 1 week ago

Question

★★★★★

I would like you to go to the Statistics Canada site and look for graphs that are comparing two samples. Usually, you will see a bar graph with two colors with the bars representing a comparison of...

Answered: 1 week ago

Question

★★★★★

1. To provide an understanding of how trust is established in a communication context.

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts: Basic values, basic interests, position, socialization process, mental variables and norm distribution.

Answered: 1 week ago

Question

★★★★★

6. List examples from your local environment of people that have a so-called Protestant character. Add further characteristics to this phenomenon than those mentioned in this chapter.

Answered: 1 week ago

Previous Question Next Question