Company has 130 units in finished goods inventory at the beginning of the accounting period. during the accounting period, hacken produced 190 units and sold 320 units for $ 250 each. all units incurred $ 55 in variable manufacturing costs and $ 30 in fixed manufacturing costs. hacken also incurred $ 7 comma 700 in selling and administrative costs, all fixed. calculate the operating income for the year using absorption costing and variable costing.
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Business, 22.06.2019 11:30, fjjjjczar8890
Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.
Answers: 2
Business, 22.06.2019 12:00, kaylallangari549
In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:
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Business, 23.06.2019 03:00, drainy0uandthefish
Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.
Answers: 2
Company has 130 units in finished goods inventory at the beginning of the accounting period. during...
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