an increase in inventory will result in ________ net operating income when using absorption costing as...
an increase in inventory will result in ________ net operating income when using absorption costing as opposed to variable.
a. lower
b. equal
c. higher
Homework Answers
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an increase in inventory will result in ________ net operating income when using absorption costing as...
6. When production are not more than sales for a period, absorption costing net operating income...
6. When production are not more than sales for a period, absorption costing net operating income will generally be than variable costing net operating income. A) greater B) lower C) equal D) A & C E B &C 7. The master budget process usually ends with the budgeted budet: A) sales B) labor C) materials D) balance sheet E) income statement
Net operating income under variable and absorption costing will generally: a. always be equal. b. never...
Net operating income under variable and absorption costing will generally: a. always be equal. b. never be equal. c. be equal only when production and sales are equal. d. be equal only when production exceeds sales.
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...
Which of the following statements is true about the difference in operating income between variable costing...
Which of the following statements is true about the difference in operating income between variable costing and absorption costing if the number of units in work-in- process and finished goods inventories increase? A) There will be no difference in net income. O B) Operating income computed using variable costing will be higher. c) The difference in operating income cannot be determined from the information given D) Operating income computed using variable costing will be lower.
(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...
(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...
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
CO During Heaton Company's first two years of operations, it reported absorption costing net operating income...
CO During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $63 per unit) Cost of goods sold ($33 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,197,000 627,000 570,000 303,000 $ 267,000 Year 2 $1,827,000 957,000 870,000 333,000 $ 537,000 * $3 per unit variable: $246,000 fixed each year, The company's $33 unit product cost is computed as follows: Direct materials Direct labor Variable...
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: ear Sales ( $61 per unit) s 1,037,000 1,647,000 680,000 357,000 11080 Cost of goods sold e $40 per unit) 567,000 335,000 Gross margin Selling and administrative expenses305,000 Net operating income $152,000 232,000 $3 per unit variable; $254,000 fixed each year. The company's $40 unit product cost is computed as follows: Direet materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead ($396,000 22,000...
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: Sales (e $63 per unit) Cost of goods sold ( 540 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $1,071,000 680,000 391.000 301.000 $ 190,0001 Year 2 $1,701,000 1,080,000 621,000 331,000 $ 290,000 ances *$3 per unit variable: $250,000 fixed each year. The company's $40 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
6. When production are not more than sales for a period, absorption costing net operating income will generally be than variable costing net operating income. A) greater B) lower C) equal D) A & C E B &C 7. The master budget process usually ends with the budgeted budet: A) sales B) labor C) materials D) balance sheet E) income statement
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...
Which of the following statements is true about the difference in operating income between variable costing and absorption costing if the number of units in work-in- process and finished goods inventories increase? A) There will be no difference in net income. O B) Operating income computed using variable costing will be higher. c) The difference in operating income cannot be determined from the information given D) Operating income computed using variable costing will be lower.
(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...
(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...
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
CO During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (@ $63 per unit) Cost of goods sold ($33 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $ 1,197,000 627,000 570,000 303,000 $ 267,000 Year 2 $1,827,000 957,000 870,000 333,000 $ 537,000 * $3 per unit variable: $246,000 fixed each year, The company's $33 unit product cost is computed as follows: Direct materials Direct labor Variable...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: ear Sales ( $61 per unit) s 1,037,000 1,647,000 680,000 357,000 11080 Cost of goods sold e $40 per unit) 567,000 335,000 Gross margin Selling and administrative expenses305,000 Net operating income $152,000 232,000 $3 per unit variable; $254,000 fixed each year. The company's $40 unit product cost is computed as follows: Direet materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead ($396,000 22,000...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (e $63 per unit) Cost of goods sold ( 540 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $1,071,000 680,000 391.000 301.000 $ 190,0001 Year 2 $1,701,000 1,080,000 621,000 331,000 $ 290,000 ances *$3 per unit variable: $250,000 fixed each year. The company's $40 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
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