Business, 27.05.2021 23:40 wyattjefferds05

Bellue Inc. manufactures a single product. Variable costing net operating income was $79,900 last year and its inventory decreased by 2,400 units. Fixed manufacturing overhead cost was $1 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 16:00

Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?

Answers: 3

Answer

Business, 24.06.2019 02:10

Which of the following best explains why improvements in communication technology allow people to make better economic decisions? a. better communication makes it easier to get the information needed to come to a well-informed decision. b. improved communication devices make it more convenient for people to talk with each other while making decisions. c. reductions in waiting time that result from widely-available communication devices enable consumers to avoid making hasty decisions. d. faster communication allows consumers to avoid the information overload that makes decisions harder to make.

Answers: 1

Answer

Business, 24.06.2019 10:00

At the beginning of 2017, the octo company issued 10% bonds with a face value of $3,000,000. these bonds mature in the five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $2,779,200 to yield 12%. octo uses a calendar-year reporting period. using the effective-interest method of amortization, amount of interest expense that should be reported for 2017 is

Answers: 2

Answer

Business, 24.06.2019 10:40

1. during april, wiggins company sold 900 units of product x for $10 per unit. its beginning inventory, purchases, and sales during the month were as follows: april 1 beginning inventory 200 units @ $1 5 purchases 200 units @ $2 8 sales 300 units 10 purchases 200 units @ $3 15 purchases 200 units @ $4 18 sales 300 units 20 purchases 200 units @ $5 25 purchases 200 units @ $6 28 sales 300 units it was further noted that the ending inventory consisted of 100 units each of april 10th, april 15th, and april 25th purchases (use this data for the specific identification method only). compute the proper cost to be assigned to ending inventory, cost of goods sold, and gross margin under each of these methods using the periodic system: (a) average cost, (b) fifo, and (c) lifo.

Answers: 3

Answer

You know the right answer?

Bellue Inc. manufactures a single product. Variable costing net operating income was $79,900 last ye...

Questions