Belridge Corp. had a net income of $1,020,000 based on variable costing. Beginning and ending inventories were 48,000 units and 51,200 units, respectively. Assume the fixed overhead per unit was $2.00 for both the beginning and inventory. ending What is the net income under absorption costing?
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What is the net income under absorption costing? Please solve this question general accounting
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- The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?Net income under variable costing is P 30,000. Data shows: the total manufacturing cost per unit is P 20; total variable cost per unit is P 15 per unit and variable period cost is P 3 per unit. Beginning and ending inventories are 1,000 units and 1,500 units, respectively. What is the income under absorption costing?Bacon Mfg. has provided the following information. Units produced Units sold Selling price per unit Total Manufacturing Costs: Variable Fixed I Total Selling and Administration Variable Fixed 2020 1,000 825 $20.00 2,000 3,000 825 3,000 2021 1,000 875 $20.00 2,000 3,000 875 3,000 What is the difference in operating income between absorption and variable costing for 2021? a. Absorption income is $1,250 greater than variable income. b. Absorption income is $1,250 less than variable income. C. Absorption income is $375 greater than variable income. d. Absorption income is $2,125 greater than variable income.
- What was the income using variable costingA company had income of P50,000 using variable costing for a given period. Beginning and ending inventories for that period were 13,000 units and 18,000 units, respectively. Ignoring income taxes, if the fixed overhead application rate were P2.00 per unit, what would the income have been using absorption costing?NUBD Co. had income of P65,000 using absorption costing for the period. Beginning and ending inventories for the period are 12,000 units and 18,000 units respectively. Ignoring income taxes, if the fixed overhead application rate is P2.50 per unit, what would the income have been using variable costing? P77,500 P60,000 P52,500 P50,000
- Compute the following: Operating income under variable (direct) costing method Operating income under absorption costing method Operating income under throughput costing methodWhat was the income using variable costing for this general accounting question?Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Miles Total Driven Cost January 8,005 $14,170 March 8,500 $14,790 February 7,500 13,490 April 8,200 14,485 (a1) Compute the unit variable costs using the high-low method for this mixed cost. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile +A $
- Cullumber Company accumulates the following data concerning a mixed cost, using miles as the activity level. MilesDriven TotalCost MilesDriven TotalCost January 8,005 $14,170 March 8,500 $14,790 February 7,500 13,490 April 8,200 14,485 (A) Compute the variable cost per mile using the high-low method. (Round answer to 2 decimal places, e.g. 2.25.) Variable cost per mile $Type your answer here (B) Compute the fixed cost elements using the high-low method. Fixed costs $Type your answer hereA company had an income of $72,000 using absorption costing for a given period. Beginning and ending inventories for that period were 10,000 units and 15,000 units, respectively. Ignoring income taxes, if the fixed overhead application rate was $2.50 per unit, what was the income using variable costing?helpAnalyzing Income under Absorption and Variable Costing Variable manufacturing costs are $86 per unit, and fixed manufacturing costs are $193,200. Sales are estimated to be 6,900 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 6,900 units and a plan to produce 9,200 units? X b. How much would variable costing operating income differ between the two production plans? ✓