Grainger Company produces only one product and sells that product for $110 per unit. Cost information for the product is as follows:
Direct Material $15 per Unit
Direct Labor $25 per Unit
Variable Overhead $5 per Unit
Fixed Overhead $33,500
Selling expenses are $3 per unit and are all variable. Administrative expenses of $15,000 are all fixed. Grainger produced 5,000 units; sold 4,000; and had no beginning inventory.
A. Compute net income under:
i. Absorption Costing $
ii. Variable Costing $
B. Which costing method provide higher net income? By how much?
The method provided more net income by $ .
Answers: 2
Business, 21.06.2019 17:40
Which of the following is the least risky? collectables stock savings bond savings account
Answers: 2
Business, 22.06.2019 00:30
Which statement is true about the elements of the interface of a presentation program? a. the status bar appears at the top of the page and displays options to style your slides. b. the tool bar displays the thumbnails of your presentation slides in the order they will appear in the presentation. c. rulers indicate the margins, tabs, and indents in a presentation slide. d. the document area provides a list of commands to create, format, and edit presentations.
Answers: 3
Business, 22.06.2019 05:20
What are the general categories of capital budget scenarios? describe the overall decision-making context for each.
Answers: 3
Business, 22.06.2019 08:00
Lavage rapide is a canadian company that owns and operates a large automatic car wash facility near montreal. the following table provides data concerning the companyโs costs: fixed cost per month cost per car washed cleaning supplies $ 0.70 electricity $ 1,400 $ 0.07 maintenance $ 0.15 wages and salaries $ 4,900 $ 0.30 depreciation $ 8,300 rent $ 1,900 administrative expenses $ 1,400 $ 0.03 for example, electricity costs are $1,400 per month plus $0.07 per car washed. the company expects to wash 8,000 cars in august and to collect an average of $6.50 per car washed. the actual operating results for august appear below. lavage rapide income statement for the month ended august 31 actual cars washed 8,100 revenue $ 54,100 expenses: cleaning supplies 6,100 electricity 1,930 maintenance 1,440 wages and salaries 7,660 depreciation 8,300 rent 2,100 administrative expenses 1,540 total expense 29,070 net operating income $ 25,030 required: calculate the company's revenue and spending variances for august.
Answers: 3
Grainger Company produces only one product and sells that product for $110 per unit. Cost informatio...
Health, 21.03.2020 03:20
Advanced Placement (AP), 21.03.2020 03:20
Mathematics, 21.03.2020 03:20
Mathematics, 21.03.2020 03:20
Mathematics, 21.03.2020 03:20
Mathematics, 21.03.2020 03:20
Physics, 21.03.2020 03:20
Mathematics, 21.03.2020 03:20