A company that produces a single product had a net operating income of $85,000 using variable costing and a net operating income of $115,000 using absorption costing. Total fixed manufacturing overhead was $56,100 and production was 11,000 units both this year and last year. Last year was the first year of operations. Between the beginning and the end of the year, the inventory level: (Do not round intermediate computation and round your final answer to nearest whole number.)
1. increased by 5,882 units
2. decreased by 30,000 units
3. decreased by 5,882 units
4. increased by 30,000 units
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company that produces a single product had a net operating income of $85,000 using variable costing and a net operating income of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Tonya consumes 10 boxes of ramen noodles a year when her yearly income is $40,000. After her income falls to $30,000 a year, she consumes 40 boxes of ramen noodles a year. Calculate her income elasticity of demand for ramen noodles.
Answers (1)
Agent sally has been with black realty for over three years and has worked up to the top agent in the firm. her commission percentage rate is double that of a starting agent.
Answers (1)
If the budgeted factory overhead cost is $460,000, the budgeted direct labor hours are 80,000, and the actual direct labor hours are 6,700 for the month, the amount of factory overhead to be allocated is $38,525 (if the allocation is based on direct
Answers (1)
Jim makes a contract with Oleta to sell her a 1965 lava lamp once owned by a famous artist. Jim later decides that he does not want to sell the lamp to Oleta. In this scenario, Oleta: Select one: a.
Answers (1)
Your bank offers you a $40,000 line of credit with an interest rate of 1.75 percent per quarter. The loan agreement also requires that 2 percent of the unused portion of the credit line be deposited in a non-interest bearing account as a
Answers (1)
New Questions in Business
Currently, the House Types field is in the Row Labels area, the Real Estate Agent field is in the Column Labels area, and Sum of List Prices is in the Values area.
Answers (1)
Nash's Trading Post, LLC has assets of $4200000, common stock of $1000000, and retained earnings of $600000. What are the creditors' claims on their assets?
Answers (1)
artin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest will provide $ 1 comma 000 in the first year, and will grow by 7 % per year, forever.
Answers (1)
Vertis Corporation is interested in cutting the amount of time between when a customer places an order and when the order is completed. Details for the first quarter of the year are provided here. Choose the correct answer from the options provided.
Answers (1)
A company purchased factory equipment on April 1, 2013 for $80,000. It is estimated that the equipment will have an $10,000 salvage value at the end of its 10-year useful life.
Answers (2)