If production exceeds sales, which costing method will show higher net income? Why?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
The basic difference between absorption and variable costing is the ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting A Focus on Ethical Decision Making
ISBN: 978-0324663853
5th edition
Authors: Steve Jackson, Roby Sawyers, Greg Jenkins
Question Posted:
Students also viewed these Managerial Accounting questions
-
If sales exceed production, which costing method will show higher net income? Why?
-
Why is income under absorption costing higher (lower) than under variable costing in years when production exceeds (is below) sales?
-
Net operating income reported under absorption costing will exceed net operating income reported under variable costing for a given period if: A. Production equals sales for that period. B....
-
(a) Let k be any real number and a < 1. Show that the function (1+x)k has the following power series representation (1 + x) = (h)a = 1+ kx + ? -x + k(k-1) 2! n=0 The above series is called the...
-
The following data reflect the number of defects produced on an assembly line at the Dearfield Electronics Company for the past 8 days. a. Compute the mean number of defects for this population of...
-
Describe your experience where you have developed a good rapport with your peers and supervisors.
-
What is the difference between a fixed-pitch propeller and a controllable-pitch propeller?
-
The Burrell Company purchased a machine for $20,000 on January 2, 2007. The machine has an estimated service life of five years and a zero estimated residual value. The asset earns income before...
-
Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below:...
-
Priti is a trader. Her financial year ends on 31 March. Her trial balance on 31 March 204 was as follows: Additional information: 1. At 31 March 204: Inventory was valued at $41,050. Commission...
-
Walden Book Buyers buys 5,000 shares of its own common stock at $25 per share. The company purchases the shares as Treasury stock. Required: How is this transaction reported on the statement of cash...
-
How do the two costing methods differ when sales and production are equal? Why?
-
The following describes the payroll procedures for a hypothetical company. Every Thursday, the timekeeping clerk sends employee time cards to the payroll department for processing. Based on the hours...
-
Valuation of resources is a key consideration for financial managers. Specifically, when making investment decisions, managers/investors must determine cost and benefits over periods of time to make...
-
Let X a binomial random variable with the probability of success of 0.22. The number of successes is obtained in 21 independent trials. Find the expected value of X:
-
Solve the following inequality. Round your answer to two decimal places if necessary. -9x+110(9 - 7x) +4 O x Ox
-
Do you think nonrepudiation falls under one of the tenets of the C - I - A triad ( confidentiality , integrity, and availability ) ? Why or why not?
-
Anna decides to get health insurance. Here are the details of her health insurance: $150 monthly premium $25 copay 20% coinsurance (she pays the 20%) $300 deductible $2,500 out of pocket maximum Anna...
-
True or False. A company is not allowed to buy its own debentures in the open market.
-
The following processes constitute the air-standard Diesel cycle: 12: isentropic compression,23: constant-volume energy addition (T and P increase),34: constant-pressure energy addition (v...
-
Economic Experts (EE) provides economic consulting and litigation support in complex legal cases. One of EEs current clients, USClient, had a contract with ForeignCO to design and build a plant for...
-
Finsys offers Web design and Website maintenance and hosting for the mutual fund industry. Finsys clients are small mutual funds that do not have scale economies to design and maintain their own Web...
-
Allied Adhesives (AA) manufactures specialty bonding agents for very specialized applications (electronic circuit boards, aerospace, health care, etc.). AA operates a number of small plants around...
-
given l o g x 5 = l o g 5 x solve for x
-
Solve the formula 8 x 3 y = - 1 9 for y .
-
Q6 Find the total amount for of the current balance for each underwriter and find out top 10 richest underwriter Q7 Create a pivot table for the entire data and find out the total current balance for...
Study smarter with the SolutionInn App