.Consider the following: Net operating income under variable costing $50,000. Decrease in inventory during the period...
.Consider the following: Net operating income under variable costing $50,000. Decrease in inventory during the period 5,000 units. Fixed manufacturing overhead $100,000. Number of units produced during the period 25,000 units. Based on the above information, the net income under absorption costing is: a. $150,000 b. $70,000 c. $30,000 d. $50,000
Homework Answers
Answer: Option ( B ) $70,000
Net Income under absorption costing = Net operating income under variable costing + Fixed manufacturing overhead
Net Income under absorption costing = $50,000 + $20,000 = $70,000
Fixed manufacturing overhead = (100000 / 25000) = $4 * 5000 = $20,000
Add Answer to:
.Consider the following: Net operating income under variable
costing $50,000. Decrease in inventory during the period...
Consider the following information: Net operating income under variable costing $50,000 Decrease in inventory during the...
Consider the following information: Net operating income under variable costing $50,000 Decrease in inventory during the period 5,000 units Fixed manufacturing overhead $100,000 Number of units produced during the period 25,000 units Based on the above information, the net income under absorption costing is: $70,000 $50,000 $150,000 $30,000
Question 18 Consider the following information: Net operating income under variable costing $50,000 Decrease in inventory...
Question 18 Consider the following information: Net operating income under variable costing $50,000 Decrease in inventory during the period 5,000 units Fixed manufacturing overhead $100,000 Number of units produced during the period 25,000 units Based on the above information, the net income under absorption costing is: O $70.000 O $50,000 O $150.000 O $30,000
l Question 10 Consider the following information: Net operating income under variable costing Increase in inventory...
l
Question 10 Consider the following information: Net operating income under variable costing Increase in inventory during the period Fixed manufacturing overhead Number of units produced during the period $25,000 2,000 units $50,000 10,000 units Based on the above information, the net operating income under absorption costing is: O $15,000 $35,000 O $75,000 O $10,000
find net operating income (loss) for year 1 under absorption costing find net operating income (loss)...
find net operating income (loss) for year 1 under absorption
costing
find net operating income (loss) for year 2 under absorption
costing
find net operating income (loss) for year 1 under variable
costing
find net operating income (loss) for year 2 under variable
costing
area of your worksheet so that it А B с Chapter 6: Applying Excel Data $ 344 $ 146 Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead...
(e) The net operating income (loss) under absorption costing is less than the net operating income...
(e)
The net operating income (loss) under absorption costing is less
than the net operating income (loss) under variable costing in Year
2 because (Select all that apply.):
3.
Make a note of the absorption costing net operating income
(loss) in Year 2.
At the end of Year 1, the company’s board of directors set a
target for Year 2 of net operating income of $70,000 under
absorption costing. If this target is met, a hefty bonus would...
Complete Absorption Costing vs. Variable Costing Income statements for Randeris Company, Year 1 & Year 2....
Complete Absorption Costing vs. Variable Costing Income
statements for Randeris Company, Year 1 & Year 2.
RANDERIS COMPANY - YEAR ONE 30,000 25,000 30 $ $ 10 Number of units produced Number of units sold Unit sales price Variable costs per unit: Direct materials, direct labor variable mfg. overhead Selling & administrative expenses Fixed costs per year: Manufacturing overhead Selling & administrative expenses $ 3 $ 150,000 $100,000 RANDERIS COMPANY - YEAR TWO 20,000 25,000 5,000 30 $ Number of...
(e) The net operating income (loss) under absorption costing is less than the net operating income...
(e) The net operating income (loss) under absorption costing is
less than the net operating income (loss) under variable costing in
Year 2 because: (You may select more than one answer.
Single-click the box with the question mark to produce a checkmark
for a correct answer and double click the box with the question
mark to empty the box for a wrong answer. Any boxes left with a
question mark will be automatically graded as
incorrect.)
Units were left over...
During Denton Company's first two years of operations, the company reported absorption costing net operating income...
During Denton Company's first two years of operations, the company reported absorption costing net operating income as follows: Yon 2 $ 1,200,000 $ 1,890,000 Sales (@ $63 per unit) Cost of goods sold (@ $35 per unit) 700,000 1,050.000 560,000 840,000 Gross margin Selling and administrative expenses 312,000 342,000 Net operating income 248,000 498,000 * 53 per unit variable, 5252,000 fixed each year. The company's $35 unit product cost is computed as follows: 7 Direct materials Direct labor Variable manufacturing...
A) What is the net operating income (loss) in Year 2 under absorption costing? B) At...
A) What is the net operating income (loss) in Year 2
under absorption costing?
B) At the end of Year 1, the company’s board of
directors set a target for Year 2 of net operating income of
$20,000 under absorption costing. If this target is met, a hefty
bonus would be paid to the CEO of the company. Keeping everything
else the same from above, change the units produced in Year 2 to
4,400 units.
What is the net operating...
During Heaton Company’s first two years of operations, it reported absorption costing net operating income as...
During Heaton Company’s first two years of operations, it reported absorption costing net operating income as follows: Year 1 Year 2 Sales (@ $62 per unit) $ 1,240,000 $ 1,860,000 Cost of goods sold (@ $45 per unit) 900,000 1,350,000 Gross margin 340,000 510,000 Selling and administrative expenses* 313,000 343,000 Net operating income $ \27,000\ $ 167,000 * $3 per unit variable; $253,000 fixed each year. The company’s $45 unit product cost is computed as follows: Direct materials $ 9...
Question 18 Consider the following information: Net operating income under variable costing $50,000 Decrease in inventory during the period 5,000 units Fixed manufacturing overhead $100,000 Number of units produced during the period 25,000 units Based on the above information, the net income under absorption costing is: O $70.000 O $50,000 O $150.000 O $30,000
l
Question 10 Consider the following information: Net operating income under variable costing Increase in inventory during the period Fixed manufacturing overhead Number of units produced during the period $25,000 2,000 units $50,000 10,000 units Based on the above information, the net operating income under absorption costing is: O $15,000 $35,000 O $75,000 O $10,000
find net operating income (loss) for year 1 under absorption
costing
find net operating income (loss) for year 2 under absorption
costing
find net operating income (loss) for year 1 under variable
costing
find net operating income (loss) for year 2 under variable
costing
area of your worksheet so that it А B с Chapter 6: Applying Excel Data $ 344 $ 146 Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead...
(e)
The net operating income (loss) under absorption costing is less
than the net operating income (loss) under variable costing in Year
2 because (Select all that apply.):
3.
Make a note of the absorption costing net operating income
(loss) in Year 2.
At the end of Year 1, the company’s board of directors set a
target for Year 2 of net operating income of $70,000 under
absorption costing. If this target is met, a hefty bonus would...
Complete Absorption Costing vs. Variable Costing Income
statements for Randeris Company, Year 1 & Year 2.
RANDERIS COMPANY - YEAR ONE 30,000 25,000 30 $ $ 10 Number of units produced Number of units sold Unit sales price Variable costs per unit: Direct materials, direct labor variable mfg. overhead Selling & administrative expenses Fixed costs per year: Manufacturing overhead Selling & administrative expenses $ 3 $ 150,000 $100,000 RANDERIS COMPANY - YEAR TWO 20,000 25,000 5,000 30 $ Number of...
(e) The net operating income (loss) under absorption costing is
less than the net operating income (loss) under variable costing in
Year 2 because: (You may select more than one answer.
Single-click the box with the question mark to produce a checkmark
for a correct answer and double click the box with the question
mark to empty the box for a wrong answer. Any boxes left with a
question mark will be automatically graded as
incorrect.)
Units were left over...
During Denton Company's first two years of operations, the company reported absorption costing net operating income as follows: Yon 2 $ 1,200,000 $ 1,890,000 Sales (@ $63 per unit) Cost of goods sold (@ $35 per unit) 700,000 1,050.000 560,000 840,000 Gross margin Selling and administrative expenses 312,000 342,000 Net operating income 248,000 498,000 * 53 per unit variable, 5252,000 fixed each year. The company's $35 unit product cost is computed as follows: 7 Direct materials Direct labor Variable manufacturing...
A) What is the net operating income (loss) in Year 2
under absorption costing?
B) At the end of Year 1, the company’s board of
directors set a target for Year 2 of net operating income of
$20,000 under absorption costing. If this target is met, a hefty
bonus would be paid to the CEO of the company. Keeping everything
else the same from above, change the units produced in Year 2 to
4,400 units.
What is the net operating...
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