How are non-manufacturing fixed costs treated under absorption and variable costing systems?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Management and Cost Accounting

ISBN: 978-1473748873

10th edition

Authors: Colin Drury

See More Books

Question Posted: Feb 07, 2020 12:14 PM

See More Questions

You've just been hired onto ABC Company as the corporate controller. ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles. The company currently has annual...
The cost of manufactured products consists of direct materials, direct labor, and factory overhead. The reporting of all these costs in financial statements is called absorption costing. Absorption...
Chenango Can Company manufactures metal cans used in the food-processing industry. A case of cans sells for $25. The variable costs of production for one case of cans are as follows: Direct...
Hello, I am not sure onm this and need help please, thank you! For each of the following situations, list which ACID property is being violated, then describe what an ACID-compliant DBMS would have...
Give the structures of two different alkyl bromides both of which yield the indicated alkene as the exclusive product of E2 elimination. (a) CH3CH==CH2 (b) (CH3)2C==CH2 (c) BrCH=CBr2 (d) CH3
Suppose you would like to create an instance of a new Map that has an iteration order that is the same as the iteration order of an existing instance of a Map. Which concrete implementation of the...
Consider the following cash flow profile and assume MARR is 10 percent/year. a. What does Descartes' rule of signs tell us about the IRR(s) of this project? b. What does Norstrom's criterion tell us...
Paul Jordan has just been hired as a management analyst at Digital Cell Phone, Inc. Digital Cell manufacturers a broad line of phones for the consumer market. Pauls boss, John Smithers, chief...
Prepare journal entry for December 31 adjusting entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry"...
Train A with proper length L moves eastward at speed v, while train B with proper length 2L moves west at speed v. The point where their fronts coincide is an event E1, while the point when their...
Distinguish between variable costing and absorption costing.
Describe the circumstances when variable and absorption costing systems will report identical profits.
M is the mid-point of the line joining the points A(5, 2) and B(3, 8). Given that a point C has the coordinates (1, 4), find a) The gradient of the line MC b) The length of the line MC.
This may not be possible for other businesses such as Amazon. What additional type of testing could an auditor perform beyond what we saw in this Assignment in order to gain comfort that the...
You are given a string S which consists of only two characters 'a'and 'b' The value of X is the maximum distance between any two 'a'in a string. The value of Yis the minimum distance between any two...
Munchener Corp.'s unadjusted trial balance includes the following balances: Accounts receivable Dr $150,000 Allowance for doubtful accounts Cr. $ 3,500 Sales (all on credit) Cr. 720,000 Sales...
5. An inexperienced programmer wrote the following code fragment in the C language: struct {int x, y; } *point; /* declare a variable */ point->x = -65; /* store the value */ Explain in detail the...
How do cis-regulatory elements, such as enhancers and insulators, orchestrate precise spatiotemporal control of gene expression, and how are their dysregulation implicated in developmental disorders...
On December 31, 2017, before the books were closed, management and the accountant at Flanagan Inc. made the following determinations about three depreciable assets. 1. Depreciable asset A (building)...
Suppose that the electrical potential at the point (x, y, z) is E(x, y, z) = x + y - 2z. What is the direction of the acceleration at the point (1,3,2)?
Soleil Voyages SA is a travel agency specialising in flights between Paris and London. It books passengers on Air France. Air France charges passengers 1000 per round-trip ticket. Soleil Voyages...
Air France changes its commission structure to travel agents. Up to a ticket price of 600, the 8% commission applies. For tickets costing 600 or more, there is a fixed commission of 48. Assume Soleil...
Grnberg Lehrmittelverlag GmbH manufactures and sells pens. Present sales output is 5 million annually at a selling price of 0.50 per unit. Fixed costs are 900 000 per year. Variable costs are 0.30...
Georgias employee will match her contributions into a retirement plan up to 5% of her 40,000 annual salary. in other words, the employee will put $1 into her retirement plan for every $1 Georgia puts...
Stock in Country Road Industries has a beta of 1.09. The market risk premium is 7.5 percent, and T-bills are currently yielding 3.5 percent. The company's most recent dividend was $1.7 per share, and...
Festival Dancing and Fitness In this activity, you will be provided with a review on the implication of dancing activity to your fitness by way of determining your range of Target Heart Rate. Let us...

How are non-manufacturing fixed costs treated under absorption and variable costing systems?

Question:

Step by Step Answer:

Under absorption costing fixed manufacturing costs are treated as product cost Under variable costin...View the full answer

Management and Cost Accounting

Students also viewed these Business questions