Question

When Number of Units Produced > Number of Units Sold, Select one: a. Absorption Costing =...

When Number of Units Produced > Number of Units Sold, Select one: a. Absorption Costing = Variable Costing Income b. Absorption Costing Income < Variable Costing Income c. Variable Costing Income > Absorption Costing Income d. Absorption Costing Income > Variable Costing Income

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
12) When the number of units produced is less than the number of units sold, how...
12) When the number of units produced is less than the number of units sold, how does operating income under variable costing differ from operating income under absorption costing? A) It is lower than operating income under absorption costing. B) It is higher than operating income under absorption costing. C) It is the same as operating income under absorption costing. D) It depends upon the amount of decline.
10. If units produced = units sold, is the net income under variable costing or absorption...
10. If units produced = units sold, is the net income under variable costing or absorption costing greater?
Caspian Company produced 19,600 units and sold 18,390 during the current year. Under absorption costing, net...
Caspian Company produced 19,600 units and sold 18,390 during the current year. Under absorption costing, net income was $24,100. Fixed overhead was $150,920. Determine the net income under variable costing.
If units produced are more than units sold, Group of answer choices operating income is the...
If units produced are more than units sold, Group of answer choices operating income is the same under both absorption costing and variable costing operating income is higher under absorption costing compared to variable costing operating income is higher under variable costing compared to absorption costing
When there are no units in the beginning Finished Goods Inventory and the units produced are...
When there are no units in the beginning Finished Goods Inventory and the units produced are more than the units​ sold, the operating income will be higher under variable costing than absorption costing. True False
At Exodus Inc., 40,000 units are produced and 30,000 units are sold for a total of...
At Exodus Inc., 40,000 units are produced and 30,000 units are sold for a total of $720,000 in the first year of operations, resulting in operating income of $240,000. Fixed manufacturing costs are $120,000 and administrative costs are $80,000. Given this, the cost of the ending finished goods inventory under the absorption costing approach is Select one: a. $80,000. b. not able to be determined from the provided information. c. $ 70,000. d. $110,000. e. $90,000. f. $100,000. g. $120,000.
1. Compute the product cost per meal produced under absorption costing and under variable costing. 2....
1. Compute the product cost per meal produced under absorption costing and under variable costing. 2. Prepare income statements for January 2018 ​using: a. absorption costing. b. variable costing. 3. Is operating income higher under absorption costing or variable costing in January? Stella​'s Foods produces frozen meals that it sells for $7 each. The company computes a new monthly fixed manufacturing overhead allocation rate based on the planned number of meals to be produced that month. Assume all costs and...
Business A began business in the current year and uses variable costing. It produced 12,000 units...
Business A began business in the current year and uses variable costing. It produced 12,000 units and sold 11,000 units therefore its value of ending finished goods inventory reported in the balance sheet will be higher than under absorption costing its operating income for the period will be higher than under absorption costing. its operating income for the period will be lower than under absorption costing. its operating income will be the same under both absorption costing and variable costing.
Assume the following information for a company that produced 10,000 units and sold 9,000 units during...
Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year Selling price $ 200 Direct materials $ 80 Direct labor $ 50 Variable manufacturing overhead $ 10 Sales commission $ 8 Fixed manufacturing overhead $ 295,000 Which of the following choices explains the relationship between the absorption costing net operating income and the variable costing net operating income? Multiple Choice The absorption costing net operating...
Andrea Cookie Company produced 5,000 cases of cookies this year. It sold 4,000 cases for $18...
Andrea Cookie Company produced 5,000 cases of cookies this year. It sold 4,000 cases for $18 each. There were no beginning inventories. Variable manufacturing costs were $30,000, and fixed manufacturing expenses were $20,000. Selling and administrative expenses were $5,000, all fixed. a. Prepare income statements using the variable costing and absorption costing. b. Explain why net income under variable costing is different than net income under absorption costing when the same number of units was sold.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT