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. $98,900
B. $93,700
C. $2,600
D. $96,300
Answer: B
You might also like to view...
Which of the following is/are not true regarding inventory?
a. Inventory refers to goods and other items that a firm owns and holds for sale or for further processing as part of its operations. b. Inventory is called "stock" in some countries. c. When the firm sells inventory, the carrying amount of that inventory becomes an expense. d. Inventories are a major asset for merchandising and manufacturing firms. e. The following equation measures all quantities in physical units: Beginning Inventory - Additions + Withdrawals = Ending Inventory
In the world of work, basically a person may serve as an a . ordinary employee b. agent c. independent contractor d. self-employed person Briefly explain the nature of each, and give one example where each type of service is utilized
Companies are not permitted to collect personal information from children under the age of ________ without parental consent
A) 8 B) 10 C) 13 D) 16
In Certified Fire Protection v. Precision Construction, Precision accepted a winning bid from Certified for it to install a fire suppression sprinkler system. Later the two parties got into a fight over some details in the contract, which was never signed. The courts held that the contract was:
a. properly accepted, so there was a binding contract b. accepted with minor modifications that were not critical to the intent of the contract, so it was binding c. never formed because the Statute of Limitations had been violated due to the fact that it would take more than a year to complete d. never formed because Certified was not licensed by the state to do such work e. none of the other choices