Write a (1-page) professional e-mail to your coworker justifying the use of either variable or absorption...
Write a (1-page) professional e-mail to your coworker justifying the use of either variable or absorption costing (you select one) as it relates to which method provides the most useful information to management.
Homework Answers
It can be said that the most useful information method which can be used by the management is variable costing.
Variable costing does the accounting of all the material costs (excluding fixed costs) directly related to the product or can be said that variable costing is the costing of manufacturing costs such as raw material cost s, labour costs etc and only includes variable manufacturing costs.
- Variable costing is useful method as it compares the potential profits of different products/product lines.
- Variable costing helps in rise of production by determining various issues of absorption costing.
- Variable costing helps in determining the break-even analysis, by knowing the basic number of units lower units to be sold.
Add Answer to:
Write a (1-page) professional e-mail to your coworker justifying
the use of either variable or absorption...
Write a professional e-mail to a coworker justifying the use of either variable or absorption costing...
Write a professional e-mail to a coworker justifying the use of either variable or absorption costing (you select one) as it relates to which method provides the most useful information to management.
Which method (Variable or Absorption) do you think provides the most accurate net income? Please include...
Which method (Variable or Absorption) do you think provides the most accurate net income? Please include a discussion of the differences between the two costing methods as a part of your explanation. Please be sure to validate your opinions and ideas with citations and references in APA format.
0 4 Not complete worked out of 5.00 Variable and Absorption Costing Scott Manufacturing makes only...
0 4 Not complete worked out of 5.00 Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $54, of which $40 is variable. No units were on hand at the beginning of 2019. During 2019 and 2020, the only product manufactured was sold for 65 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2019 and 2020 Units...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $59, of which $41 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $93 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2015 and 2016 2015 Units Manufactured Units Sold 120,000 90,000 120,000 130,000...
Write an informational email. Your e-mail must include all items in the scenario below, and the...
Write an informational email. Your e-mail must include all items in the scenario below, and the proper email header of from, to, and subject. 3. Maximum e-mail length is one single-spaced page with a minimum of 11-point font. No fragments, run on sentences, comma splices, flabby expressions, redundancies, or clichés and empty words. Scenario Your boss, George Samson, is scheduled to meet with three potential clients for cases he will be taking on. Today he was called out of the...
please fill out the rest of a, b, and c Variable and Absorption Costing Summarized data...
please fill out the rest of a, b, and c
Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Gorman Products, Inc., are as follows: Sales (75,000 units) $6,000,000 Production costs (80,000 units) Direct material 1,760,000 Direct labor 1,440,000 Manufacturing overhead: Variable 1,088,000 Fixed 640,000 Operating expenses: Variable 336,000 Fixed 480,000 Depreciation on equipment 120,000 Real estate taxes 36,000 Personal property taxes (inventory & equipment) 57,600 Personnel department expenses 60,000 a. Prepare an income statement...
Question 1 Net templete Marked out of 5.00 P eque Variable and Absorption Costing Service Company...
Question 1 Net templete Marked out of 5.00 P eque Variable and Absorption Costing Service Company Lawn RX, Inc. prepares a variable costing income statement for internal management and an absorption costing income statement for its bank. Lawn RX provides a quarterly Lawn care service that is sold for $140. The variable and fixed cost data are as follows Direct labor Overhead Variable cost per unit Fixed cost annual Marketing eral and ad v e Varico per rice cortom During...
Variable and Absorption Costing Summarized data for 2019 the first year of operations) for Gorman Products,...
Variable and Absorption Costing Summarized data for 2019 the first year of operations) for Gorman Products, Inc., are as follows: Sales (70.000 units) Production COSES 80,000 units Direct material Direct labor Manufacturing overhead Operating expenses Depreciation on equipment Real estate taxes Personal property taxes inventory equipment Personnel department expenses 2800 2000 a. Prepare an income statement based on full absorption costing Only use a negative sign with your answer for net income loss if the answer represents a netlos. Otherwise...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $57, of which $39 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $89 per unit, and the cost structure did not change. Scott uses the first-in first-out inventory method and has the following production and sales for 2015 and 2016 Units Manufactured Units Sold 90,000 20,000 130,000 2015 120,000...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $60, of which $42 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $95 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2015 and 2016 Units Manufactured Units Sold 2015 120,000 90,000 2016 120,000...
0 4 Not complete worked out of 5.00 Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $54, of which $40 is variable. No units were on hand at the beginning of 2019. During 2019 and 2020, the only product manufactured was sold for 65 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2019 and 2020 Units...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $59, of which $41 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $93 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2015 and 2016 2015 Units Manufactured Units Sold 120,000 90,000 120,000 130,000...
please fill out the rest of a, b, and c
Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Gorman Products, Inc., are as follows: Sales (75,000 units) $6,000,000 Production costs (80,000 units) Direct material 1,760,000 Direct labor 1,440,000 Manufacturing overhead: Variable 1,088,000 Fixed 640,000 Operating expenses: Variable 336,000 Fixed 480,000 Depreciation on equipment 120,000 Real estate taxes 36,000 Personal property taxes (inventory & equipment) 57,600 Personnel department expenses 60,000 a. Prepare an income statement...
Question 1 Net templete Marked out of 5.00 P eque Variable and Absorption Costing Service Company Lawn RX, Inc. prepares a variable costing income statement for internal management and an absorption costing income statement for its bank. Lawn RX provides a quarterly Lawn care service that is sold for $140. The variable and fixed cost data are as follows Direct labor Overhead Variable cost per unit Fixed cost annual Marketing eral and ad v e Varico per rice cortom During...
Variable and Absorption Costing Summarized data for 2019 the first year of operations) for Gorman Products, Inc., are as follows: Sales (70.000 units) Production COSES 80,000 units Direct material Direct labor Manufacturing overhead Operating expenses Depreciation on equipment Real estate taxes Personal property taxes inventory equipment Personnel department expenses 2800 2000 a. Prepare an income statement based on full absorption costing Only use a negative sign with your answer for net income loss if the answer represents a netlos. Otherwise...
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $57, of which $39 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $89 per unit, and the cost structure did not change. Scott uses the first-in first-out inventory method and has the following production and sales for 2015 and 2016 Units Manufactured Units Sold 90,000 20,000 130,000 2015 120,000...
Most questions answered within 3 hours.
-
Sustainable Growth Rate Last year Umbrellas Unlimited
Corporation had an ROE of 17.3% and a dividend...
asked 3 minutes ago -
Write a MATLAB program to do the following:
Receive 5 input values and store them into...
asked 7 minutes ago -
Which one of the following aqueous solutions would you expect to
have the largest conductance: (a)...
asked 7 minutes ago -
(Intermediate Macroeconomics)
2.The aggregate supply function be ys=2000+P, and the aggregate
demand function be yD=2400-P。Find the...
asked 11 minutes ago -
I am having a really difficult time developing a strong thesis
for this question....... To what...
asked 25 minutes ago -
There are n street lights in a line. In order to conserve
energy, the city decides...
asked 32 minutes ago -
Cellular growth and repair require a cell to go through the cell
cycle. Like all biological...
asked 34 minutes ago -
COnsider the following elements; Li Al Mg I S N
a) Most Metallic?
b) Least Metallic?...
asked 46 minutes ago -
What are the differences of the development in C.elegans and of
the development of snails?
asked 48 minutes ago -
4) If you were to distill acetone in a lab located in the
Colorado Rocky Mountains...
asked 51 minutes ago -
design the following rectangular floor beam for a
building.
The beam has a simple span of...
asked 53 minutes ago -
i have a c++ program where I take in a string the use
map and iterators...
asked 52 minutes ago