Economy-Finance-Accountıng Resources The level of inventory of a manufactured product has increased by 7,534 units during a period. The following data are also available:
What would be the effect on income from operations if variable costing is used rather than absorption costing? a.$60,272 decrease b.$52,738 decrease c.$52,738 increase d.$60,272 increase  Q: The level of inventory of a manufactured product has increased by 7,949 units during a period. The… A: In variable income statement all the variable manufacturing expenses are considered as the product… Q: The level of inventory of a manufactured product has increased by 6,980 units during a period. The… A: Value of inventory under Variable costing = Increase in units of inventory x Variable manufacturing… Q: The level of inventory of a manufactured product has increased by 7,809 units during a period. The… A: Absorption costing: Absorption costing is also called traditional costing. This method of costing… Q: The level of inventory of a manufactured product has increased by 7,819 units during a period. The… A: Variable costing and absorption costing To calculate operating income two different methods used are… Q: The level of inventory of a manufactured product has increased by 7,827 units during a period. The… A: Under variable costing system, the fixed expenses are considered as period cost and charged to… Q: The level of inventory of a manufactured product has increased by 7,848 units during a period. The… A: In variable income statement all the variable manufacturing expenses are considered as the product… Q: The level of inventory of a manufactured product has increased by 8,000 units during a period. The… A: solution note Dear student as per the Q&A guideline we are required to answer the first question… Q: The level of inventory of a manufactured product has increased by 8,413 units during a period. The… A: Variable costing is one of the cost allocation methods that is used by a company to allocate costs… Q: The level of inventory of a manufactured product has increased by 7,616 units during a period. The… A: Decrease in operating income if variable costing is used = Increase in level of inventory x fixed… Q: The level of inventory of a manufactured product has increased by 8,417 units during a period. The… A: Under variable costing, the fixed costs are to be treated as full cost incurred but under absorption… Q: The level of inventory of a manufactured product has increased by 7,809 units during a period. The… A: Absorption costing includes all cost ie, Direct cost and indirect cost to get operating income It… Q: The Ievel of inventory of a manufactured product has increased by 7,859 units during a period. The… A: In variable income statement all the variable manufacturing expenses are considered as the product… Q: The level of inventory of a manufactured product has increased by 5,000 units during a period. The… A: If there is an increase in the ending inventory, operating income is higher under absorption costing… Q: The level of inventory of a manufactured product has increased by 5,000 units during a period. The… A: Variable: The cost varies according to the level of units produced. Q: The beginning inventory is 52,800 units. All of the units that were manufactured during the period… A: Variable Costing: Managers frequently use variable costing for internal purposes for taking decision… Q: The beginning inventory is 52,800 units. All of the units that were manufactured during the period… A: Solution: Introduction: Absorption Costing is a method of costing to account for not only material… Q: The beginning inventory is 7,900 units. All of the units that were manufactured during the period… A: Absorption costing: It is related with all the cost for manufacturing the product of the… Q: The beginning inventory is 16,100 units. All of the units that were manufactured during the period… A: a) Computation: Q: The following data for Romero Products Inc. are available: For the Year Ended December 31… A: Sales quantity factor:- Unit price factor:- Q: During the most recent year, Osterman Company had the following data: Units in beginning inventory… A: Cost of goods sold = (Direct materials + Direct labor + Variable overhead + Fixed overhead) x no. of… Q: During the previous year, Casually Company had the following data: Units in beginning inventory… A: 1. Product cost Per Unit under absorption costing, would be calculated as follows : Particular… Q: The following table shows the inventory balances, in units, for years 1, 2, and 3. Total fixed… A: Answer - Particulars Year 1 2 3 Difference in Operating Income 10800 32000 0… Q: The following table shows the inventory balances, in units, for years 1, 2, and 3. Total fixed… A: Fixed manufacturing cost per unit = Total Fixed manufacturing cost / Total production = $72,000 /… Q: The following table shows the inventory balances, in units, for years 1, 2, and 3. Total fixed… A: Fixed cost per unit=Total fixed manufacturing costProduction (Year 2)=$72,000920=$78.260869565 Q: Based on variable costing, what would NUBD Corp. show as the value of its ending inventory? Format:… A: Unit cost under variable costing = Direct material used + direct labor + Variable manufacturing… Q: ronman Company had a net income of P85,000 using variable costing and net income of P90,000 using… A: Variable costing method is methods of cost accounting technique in which fived overhead costs are… Q: During the year, FITA Corporation produced 500 units of new products. The new product’s variable and… A: Absorption costing: It is one of the managerial accounting methods under which all the costs that… Q: Given the following: Selling price Units in beginning inventory Units produced Units sold Units in… A: There are two type of costing method followed by the entities. (1) Variable costing method (2)… Q: Question 1 During the most recent year, Jerai Company had the following data associated with the… A: Cost accounting is the one widely used by the management to ascertain the per-unit cost of the… Q: Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of… A: Under absorption costing the cost per unit includes the fixed cost and variable cost but under… Q: Given the following: Selling price $164 Units in beginning inventory Units produced 12,100 Units… A: First we need to understand the meaning of period cost. Period cost are the cost which are not… Q: The following table shows the inventory balances, in units, for years 1, 2, and 3. Total fixed… A: Absorption costing demonstrates that all the expenses related to manufacturing a product are… Q: Duif Company's absorption costing income statements for the last two years are presented below: Year… A: Under variable costing, only variable manufacturing costs are included in the product cost. Under… Q: Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of… A: Variable costing is the bookkeeping technique wherein all the variable creation costs are just… Q: Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of… A: Formulae for absorption costing is Total cost= Total direct cost + Total over head cost Total cost… Q: Maher Corporation, which has only one product, has provided the following data concerning its most… A: Note: Only C & D subparts have been answered as requested. c. Income Statement - Variable… Q: Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of… A: Absorption costing and the Variable costing are two costing methods. Under the Absorption costing,… Q: Hall Cosmetics Corporation company has the following costs associated with its production and sales.… A: Cost per unit=Direct Material+Direct Labor+Variable MOH per unit Q: Variable Costing—Sales Exceed Production The beginning inventory is 14,000 units. All of the units… A: a. In variable costing fixed manufacturing costs are treated as period costs and is written off.… Q: Question 1 During the most recent year, Jerai Company had the following data associated with the… A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for… Q: Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of… A: Click to see the answer Q: Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of… A: Variable Costing: The variable costing is the method of costing in which only the variable… Q: Hall Cosmetics Corporation company has the following costs associated with its production and sales.… A: Variable costing is a managerial costing approach. It includes all the variable expenses related to… Q: A manufacturing company that produces a single product has provided the following data concerning… A: Variable costing is a cost allocation method that is used by companies to allocate costs to the… Q: Inventory Valuation under Absorption and Variable Costing At the end of the first year of… A: Absorption costing is a method of calculating cost of a product by considering all the indirect… Q: A manufacturing company that produces a single product has provided the following data related to… A: Step 1 Contribution margin analysis evaluates the residual margin after variable expenses are… Q: A manufacturing company that produces a single product has provided the following data related to… A: Since multiple sub-parts are posted only the first three sub-parts will be answered. Kindly resubmit… Q: A manufacturing company that produces a single product has provided the following data related to… A: Absorption costing:- Fixed manufacturing overheads are expensed when the product is sold. Variable… Q: A manufacturing company that produces a single product has provided the following data related to… A: Break even Sales = Fixed Costs/Contribution Margin ratio Margin of Safety (Sales) = Actual Sales -… Q: A manufacturing company that produces a single product has provided the following data related to… A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question… Knowledge Booster Learn more about Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below. When prices are falling (deflation), which costing method would produce the highest gross margin for the following? Choose first-in, first-out (FIFO); last-in, first-out (LIFO); or weighted average, assuming that B62 Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming B62 sold just one unit of these goods for $400. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG) When prices are rising (inflation), which costing method would produce the highest value for gross margin? Choose between first-in, first-out (FIFO); last-in, first-out (LIFO); and weighted average (AVG). Evansville Company had the following transactions for the month. Calculate the gross margin for each of the following cost allocation methods, assuming A62 sold just one unit of these goods for $10,000. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG) Recommended textbooks for you Managerial Accounting ISBN:9781337912020 Author:Carl Warren, Ph.d. Cma William B. Tayler Publisher:South-Western College Pub Financial And Managerial Accounting ISBN:9781337902663 Author:WARREN, Carl S. Publisher:Cengage Learning, Managerial Accounting: The Cornerstone of Busines... ISBN:9781337115773 Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger Publisher:Cengage Learning Cornerstones of Cost Management (Cornerstones Ser... ISBN:9781305970663 Author:Don R. Hansen, Maryanne M. Mowen Publisher:Cengage Learning Cornerstones of Financial Accounting ISBN:9781337690881 Author:Jay Rich, Jeff Jones Publisher:Cengage Learning Principles of Cost Accounting ISBN:9781305087408 Author:Edward J. Vanderbeck, Maria R. Mitchell Publisher:Cengage Learning Managerial Accounting ISBN:9781337912020 Author:Carl Warren, Ph.d. Cma William B. Tayler Publisher:South-Western College Pub Financial And Managerial Accounting ISBN:9781337902663 Author:WARREN, Carl S. Publisher:Cengage Learning, Managerial Accounting: The Cornerstone of Busines... ISBN:9781337115773 Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger Publisher:Cengage Learning Cornerstones of Cost Management (Cornerstones Ser... ISBN:9781305970663 Author:Don R. Hansen, Maryanne M. Mowen Publisher:Cengage Learning Cornerstones of Financial Accounting ISBN:9781337690881 Author:Jay Rich, Jeff Jones Publisher:Cengage Learning Principles of Cost Accounting ISBN:9781305087408 Author:Edward J. Vanderbeck, Maria R. Mitchell Publisher:Cengage Learning |
The level of inventory of a manufactured product has increased by 4,000 units during a period
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