In its first year of business, Lakota, Inc. produced 600 units and sold 400 units. If Lakota uses variable costing, . A. its operating income for the period will be lower than under absorption costing B. its value of ending Finished Goods Inventory reported in the balance sheet will be higher than under absorption costing C. its operating income will be the same as under absorption costing D. its operating income for the period will be higher than under absorption costing

Questions:

In its first year of business, Lakota, Inc. produced 600 units and sold 400 units. If Lakota uses variable costing, .

A) its operating income for the period will be lower than under absorption costing

B) its value of ending Finished Goods Inventory reported in the balance sheet will be higher than under absorption costing

C.) its operating income will be the same as under absorption costing

D) its operating income for the period will be higher than under absorption costing

The answer D) is its operating income for the period will be Higher  than under absorption costing

Explanation:  

Absorption costing speaks to all costs, including fixed costs, related to production,

while Variable costing speaks only to the variable costs directly incurred in production.

It is clear from the above that in computation of the operating income will be lower in absorption costing since it considers only the variable costs incurred during products.

Cheers!

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.