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Author Question: The following information pertains to Stone Wall Corporation: Beginning fixed manufacturing overhead ... (Read 114 times)

washai

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on: Mar 6, 2021

Question 1

The contribution-margin format is used for ________.
◦ variable costing income statement
◦ mixed costing income statement
◦ absorption costing income statement
◦ job order costing income statement

Question 2

The following information pertains to Stone Wall Corporation: 

Beginning fixed manufacturing overhead in inventory$70,000
Ending fixed manufacturing overhead in inventory49,000
Beginning variable manufacturing overhead in inventory$34,000
Ending variable manufacturing overhead in inventory18,000
Fixed selling and administrative costs$740,000
Units produced5,000 units
Units sold4,300 units

What is the difference between operating incomes under absorption costing and variable costing?
◦ $3,000
◦ $37,000
◦ $21,000
◦ $10,500
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by washai on Mar 6, 2021

lgoldst9

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Reply #1 on: Mar 6, 2021
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washai

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Reply 2 on: Mar 6, 2021
Gracias!

sultana.d

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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