When the volume of closing inventory is greater than the volume of opening inventory, which will show
Question:
When the volume of closing inventory is greater than the volume of opening inventory, which will show the greater profit, absorption costing or marginal costing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
When the volume of closing inventory is greater than the volume of opening inventory absorption cost...View the full answer
Answered By
Branice Buyengo Ajevi
I have been teaching for the last 5 years which has strengthened my interaction with students of different level.
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
When the volume of closing inventory is lower than the volume of opening inventory, which will show the greater profit, absorption costing or marginal costing?
-
When the volume of closing inventory is the same as the volume of opening inventory, which will show the greater profit, absorption costing or marginal costing?
-
Which of the following statements is correct, when comparing the profits reported under marginal and absorption costing during a period when the level of inventory decreased? a). Absorption costing...
-
Discuss any of the established brands of the business concerned with woolworths in Australia
-
Is the triple product defined by A . (B X C) a scalar or a vector quantity? Explain why the operation (A.B) X C has no meaning.
-
Question 2 | Fill in the blank From the Word bank: 1. All 2. N 3. A 4. A A. Trigger E. Candidate entity in its own right. B. View D. Associative entity H. Primary key fields must have data in a...
-
We know that birds stay in the air due to lift, an upward force produced by the difference in air pressure above and below the wings. This air-pressure difference is, in turn, the result of air...
-
Before its acquisition by Royal Dutch Shell, Pennzoil Company held a portfolio of trading equity securities that cost $660,100,000 and had a market value of $955,182,000 on January 1. Assume that the...
-
In the ordered pair (-5,3) - what are the x and y coordinates? x- coordinate: y-coordinate:
-
Now that you understand the difference between marginal costing and absorption costing, write a short evaluation of the two approaches.
-
A company produces and sells one type of product. The details for last year were as follows: There was no inventory at the start of the year. Calculate the actual profit for the year that would be...
-
A researcher is trying to shoot a tranquilizer dart at a 2.0-m- tall rhino that is 150 m away. Its angular size as seen through the rifle telescope is 9.1. What is the magnification of the telescope?
-
Where are the Friendsters and MySpaces of social networking? Why did they fail? What are the key features of online social network software (like Facebook)? What works and doesn't work and why? Will...
-
Is the fact that the third Fama-French factor, the Value Factor, has underperformed for the past fourteen years (i.e. the stocks of companies with Low Book Value/Market Value have outperformed...
-
stin studied relevant costing in his introductory and upper-level accounting courses, but never thought he would use those skillslet alone so soon! Yet here he is, in the second month of his summer...
-
What does this code print (unless it produces an error)? = plane "A passengers" plane [2] = "m" print (plane)
-
Using A Profit Maximization Model for a Single Machine Inspection that maximizes a profit per unit time derive the optimal inspection schedule for a machine with an exponential time to failure...
-
Although you are likely to purchase a middle-end accounting software package from a value-added reseller (VAR), why should you be cautious about hiring one to recommend a software package for your...
-
Consider the discrete group G of order 8 that has the following Cayley diagram e If we have the sequence of operations: fcagec, which of the options represents the reduction of the sequence to a...
-
List three features of a statement of cash flows which are particularly useful in making the format helpful to readers?
-
List three features of a statement of cash flows which are particularly useful in making the format helpful to readers?
-
List three features of a statement of cash flows which are particularly useful in making the format helpful to readers?
-
Make an argument for why negative interest rates on European sovereign bonds and high valuations for cryptocurrencies like Bitcoin may both be driven by the same underlying phenomenon.
-
Discuss with examples about financial innovation& how it develops banking industry?
-
Elaborate with real world examples about different financial markets that contributed towards growth of financial sector?
Study smarter with the SolutionInn App