Under variable costing the method allows one to assign

Assignment Help Accounting Basics
Reference no: EM13600614

Under variable costing, the method allows one to assign costs that may not match the revenue streams. An example would be to assign costs from another production cycle, for what-if analysis. What does this mean to you in your own words?

Reference no: EM13600614

Questions Cloud

The june 1 work in process inventory consisted of 5000 : clopack company manufactures one product that goes through one processing department called mixing. all raw materials
Millie contracted to sell frank 10000 bushels of corn to be : millie contracted to sell frank 10000 bushels of corn to be grown on millies farm. due to a drought during the growing
You are a designer of childrens clothing and decide to open : you are a designer of childrens clothing and decide to open a childrens clothing store. you find a nice space in a
Create inc produces inventory in its foreign manufacturing : create inc. produces inventory in its foreign manufacturing plants for sale in the united states. its foreign
Under variable costing the method allows one to assign : under variable costing the method allows one to assign costs that may not match the revenue streams. an example would
How is percentage change from year to year calculated on a : how is percentage change from year to year calculated on a consolidated income statement cosolidated balance sheet and
What do you think some of the differences are between : what do you think some of the differences are between variable and absorption costing? why is variable costing not
Identify the cash flows available to an investor in stock : identify the cash flows available to an investor in stock. how reliably can these cash flows be estimated? compare the
Selecting a for-profit organization of interest you will : selecting a for-profit organization of interest you will research an unusual or conflicting accounting principle that

Reviews

Write a Review

Accounting Basics Questions & Answers

  The sports equipment division of jorgensen company is

the sports equipment division of jorgensen company is operated as a profit center. sales for the division were budgeted

  Prepare the journal entry to record the issuance

The financial statements for Jobe Inc. and Lake Corp., just prior to their combination, for the year ending December 31, 20X2, follow. Lake's buildings were undervalued on its financial records by $60,000.

  Directions prepare a federal gift tax return form 709 based

directions prepare a federal gift tax return form 709 based on the following information for wanda bickford. use the

  To make the project worthwhile in terms of his own time

the marbury stein shop sells steins from all parts of the world. the owner of the shop clint marbury is thinking of

  Johnston co cleans and applies powder coat paint to metal

johnston co cleans and applies powder coat paint to metal items on a job-order basis. johnston has budgeted the

  Ming yue company pays 440000 for real estate plus 23320 in

ming yue company pays 440000 for real estate plus 23320 in closing costs.the real estate consists of land appraised at

  You can buy a machine for 108000 that will produce a net

you can buy a machine for 108000 that will produce a net income after operating expanses of 12500 per year. if you

  Kathleen cole inc acquired the following assets in january

kathleen cole inc. acquired the following assets in january of 2012. equipment estimated service life 5 years salvage

  Compute inventory under the dollar-value lifo method

On December 31, 2011, the inventory at prices existing on that date was $195,500, and the price level was 115. Compute the inventory on that date under the dollar-value LIFO method.

  The estimated cost to dispose of a unit is 4 and the normal

addison company can sell inventory item pqwr213 for 20 per unit. the original cost of the unit is 18. currently the

  Gerald compensation agreement

Discuss the feasibility of Gerald's compensation agreement.

  Applicable overvaluation penalty

Ron, a calendar year taxpayer subject to a 35% marginal tax rate, claimed a charitable contribution deduction of $500,000 for a sculpture that the IRS later valued at $150,000. The applicable overvaluation penalty is:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd