a. Absorption costing only
Match the appropriate costing method to the description
a. Absorption costing only
b. Variable costing only
c. Both absorption and variable costing
1.Treats fixed selling cost as a period cost.
2. Required by generally accepted accounting principles.
3. Treats fixed manufacturing cost as a period cost.
4. Operating income is impacted by changes in inventory level.
5. Generally provides the most useful report for controlling costs.
6.Generally provides the most useful report for setting long-term prices.
7.May be used in a manufacturing company.
8. Includes gross profit on the income statement
Answers: 3
Business, 21.06.2019 21:00, sickboi
Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400
Answers: 2
Business, 22.06.2019 03:30, shawnplayzsavage
He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.
Answers: 3
Match the appropriate costing method to the description
a. Absorption costing only
a. Absorption costing only
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