This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: At the end of the accounting period, Armstrong Corporation reports operating income of $30,000. ... (Read 15 times)

Evvie72

  • Hero Member
  • *****
  • Posts: 519
on: Mar 6, 2021

Question 1

________ are subtracted from sales to calculate gross margin.
◦ Variable and fixed manufacturing costs
◦ Fixed administrative costs
◦ Variable administrative costs
◦ Fixed selling costs

Question 2

At the end of the accounting period, Armstrong Corporation reports operating income of $30,000. Which of the following statements is true, if Armstrong's inventory levels decrease during the accounting period?
◦ Variable costing will report less operating income than absorption costing.
◦ Absorption costing will report less operating income than variable costing.
◦ Variable costing and absorption costing will report the same operating income since the cost of goods sold is the same.
◦ Variable costing and absorption costing will report the same operating income since the total costs are the same.
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Evvie72 on Mar 6, 2021

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Evvie72

  • Member
  • Posts: 519
Reply 2 on: Mar 6, 2021
Wow, this really help

miss.ashley

  • Member
  • Posts: 371
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Megazostrodon, the first known mammal of the Triassic period. Megazostrodon, the first known mammal of the Triassic period.
Mark Twain supplemented his income as a writer by giving humorous lectures. Mark Twain supplemented his income as a writer by giving humorous lectures.
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Embryonic Period - lacunae Embryonic Period - lacunae
Embryonic Period - End of the 4th week Embryonic Period - End of the 4th week
State the amplitude, period, equation of the axis, and maximum and minimum value State the amplitude, period, equation of the axis, and maximum and minimum value
Video: Glycolysis - Introduction to ATP and the burning of sugar

For a complete list of videos, visit our video library