Question: The only difference between the net income between variable costing and absorption costing is the treatment of ________. A. Fixed selling costs B. variable selling

The only difference between the net income between variable costing and absorption costing is the treatment of ________.

Fixed selling costs

variable selling costs

fixed manufacturing overhead costs

variable administrative costs

Step by Step Solution

★★★★★

3.49 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

C is the correct answer fixed manufacturing overhead costs Under absor... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

608c00a388026_208690.pdf

180 KBs PDF File

Word file Icon

608c00a388026_208690.docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

The only difference between job- and process costing systems relates to the size of the average batch for a product. True or False? Justify your response.

Q:

Variable costing and absorption costing the All-Fixed Company. It is the end of 2009. The All-Fixed Company began operations in January 2008. The company is so named because it has no variable costs....

Q:

Variable costing and absorption costing, the All-Fixed Company (R. Marple, adapted) It is the end of 2011. The All-Fixed Company began operations in January 2010. The company is so named because it...

Q:

During 2020, Rafael Corp.produced 46,700 units and sold 42,030 for $15 per unit. Variable manufacturing costs were 54 per unit Annual manufacturing head was $84,060 Variable selling and...

Q:

Any help with any of them will be much apprieciated. Thanks!! 1. Net operating income is affected by changes in production under both variable costing and absorption costing. True False 2. Variable...

Q:

Your answer is incorrect. Lewis & Lee Industries makes artificial Christmas trees. The unit costs for producing a tree are: Direct materials $23 Direct labor $13 Variable overhead $15 Fixed overhead...

Q:

Current Attempt in Progress Jones & Brown Industries makes artificial Christmas trees. The unit costs for producing a tree are: Direct materials Direct labor Variable overhead Fixed overhead $27 $13...

Q:

1 a. Shown below is an unrooted tree for 5 species. Draw all of the rooted trees that are compatible with this tree (3.5 points). B Tree 1 E b. If you have molecular data that allows you to construct...

Q:

Williams & Jones Industries makes artificial Christmas trees. The unit costs for producing a tree are: Direct materials $23 Direct labor $17 Variable overhead $19 Fixed overhead $5 The company also...

Q:

I want a solution to this question Nour Motors assembles and sells motor vehicles and uses standard costing. Actual data relating to April and May 2020 are: April May 150 400 500 350 A 1 2 Unidos...

Q:

Question: Implement a C++ template function variadic_max that does the following: 1. Takes an arbitrary number of arguments of any comparable type (int, double, custom types with overloaded

Q:

CP8-10-submit in Canvas (round all answers to the nearest dollar) n PV$1 FV$1 PVA FVA 5 6% 0.747258 4.212364 1.338226 5.637093 60 0.50% 0.741372 1.348850 51.725561 69.770031 1. You want to buy a...

Q:

Assume a budget for City has been approved and the following information is available: . Estimated inflow from revenue $900,000. Estimated inflow from general long-term debt $100,000. Transfer from...

Q:

You notice several adult guests playing in the pool. Their play is getting slightly more aggressive and loud and several guests who were near them have moved away. How would you respond?

Q:

Kubin Companys relevant range of production is 18,000 to 22,000 units. When it produces and sells 20,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $...

Q:

1. You are developing a multimedia product to be sold on CD-ROM. You wish to use the following media assets within this product. How would copyright and intellectual property laws affect your use of...

Q:

Millie Enterprises is a retailer with two locations, Southside and Northside. It has three service departments, Personnel, Finance, and Building Occupancy. Costs in each of the service departments...

Q:

On 1 July 2021, Croydon Ltd leased ten excavators for five years from Machines4U Ltd. The excavators are expected to have an economic life of 6 years, after which time they will have an expected...

Q:

How do taxes affect the CVP relation?

Q:

Matt Domby is the owner of Dombys Boot Store. Matt currently is formulating his budget for the coming year and provides you with the following information about expected quarterly sales. Matt...

Q:

Why does time influence the controllability of costs and benefits?

Q:

Francois and Pat wish to structure the payments from a 20-year annuity so that the end-of-quarter payments increase by $500 every five years. Maritime Insurance Co. will pay 5% compounded quarterly...

Q:

Manuel purchased a boat for $2000 down with the balance to be paid by 36 monthly payments of $224.58 including interest at 10% compounded monthly. a. What was the purchase price of the boat? b. What...

Q:

What is the present value of end-of-quarter payments of $2500 for seven years? Use a discount rate of 6% compounded quarterly.