Bellue Inc. manufactures a single product. Variable costing net operating income was $96,300 last year and its inventory decreased by 2,600 units. Fixed manufacturing overhead cost was $1 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year?
A. $93,700
B. $2,600
C. $96,300
D. $98,900
Answer: A
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The responsibility report of Alejandro Garcia, the manager of one of the divisions of an auto parts manufacturing company, includes profits as well as return on investment and residual income. Alejandro is most likely the manager of a(n) ________.
A) investment center B) profit center C) cost center D) revenue center
In a short essay, list and discuss the four factors that are found to predict whether a consumer would participate in a boycott.
What will be an ideal response?
The high-low method is the most accurate method to separate the cost behavior of a mixed cost
Indicate whether the statement is true or false
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. There was 3,160 ounces of direct material in inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.15 per ounce, is:
A. $14,536. B. $18,170. C. $21,896. D. $18,262. E. $18,078.