Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. calculate the below to the nearest dollar: 11) i

Calculate the below to the nearest dollar: 11) If you prepared an absorption...

70.2K

Verified Solution

Question

Accounting

image
Calculate the below to the nearest dollar:
11) If you prepared an absorption costing income statement, Operating Income would be _____.
1) If you prepared a variable costing income statement Operating Income would be (higher, lower, same)?
2) If you prepared a variable costing income statement Operating Income differ from your answer in 11) above by how
much?
Baxtell Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations: $ Variable costs per unit Manufacturing: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs per year Fixed manufacturing overhead Fixed selling and administrative expense 30 10 4 8 305,100 199,500 During the year, the company produced 33.900 units and sold 28,500 units. The selling price of the company's product is 572 per unit

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Be sure to answer all parts Take all the thermodynamic data from your textbook. Assume the data...

Chemistry
Q

A volume of 25.0mL of a 0.10M aqueous solution of acetic acid(HC2H3O2 or HOAc or CH3CO2H, Ka=1.8x10-5)...

Chemistry
Q

RT is a midsegment of ASUV If UV y 6 and RT 2y what is...

Geometry
Q

Use the Empirical Rule 68 95 99 The time between infection with distribution with a...

Basic Math
Q

Find the polynomial of the specified degree whose graph is shown Degree 4 P x...

Algebra
Q

Which of the following series converge a k 1 1 b Ex 1 41 c...

Algebra
Q

Disposal of Fixed Asset Equipment acquired on January 8, 20Y1, at a cost of $717,500,...

Accounting
Q

Determining the optimal Product Mix with One Constrained Resource and a Sales Constraint Casual Essentials,...

Accounting
Q

Joe Taxpayer is single and makes $140,000 annually from wages. He owns three properties that...

Accounting
Q

On December 31, 2013, the 11% bonds payable of Jenkins Corporation had a carrying amount...

Accounting
Q

ABC Limited acquired an asset on 1 July 20X7 for $200 000. Accounting depreciation is...

Accounting
Q

U.S. Steel is considering a plant expansion to produce austenitic, precipitation hardened, duplex, and martensitic...

Finance