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

Author Question: Venus Corporation incurred fixed manufacturing costs of $4,800 during 2017. Other information for ... (Read 173 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Mar 6, 2021

Question 1

The gross-margin format is used for ________.
◦ variable costing income statement
◦ mixed costing income statement
◦ absorption costing income statement
◦ standard costing income statement

Question 2

Venus Corporation incurred fixed manufacturing costs of $4,800 during 2017. Other information for 2017 includes:
 The budgeted denominator level is 1,600 units.
 Units produced total 770 units.
 Units sold total 630 units.
 Beginning inventory was zero.

The company uses variable costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold.

Operating income using variable costing will be ________ than operating income if using absorption costing.
◦ $2,490 higher
◦ $2,490 lower
◦ $1,890 higher
◦ $420 lower
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 AEWBW on Mar 6, 2021

yeungji

  • Sr. Member
  • ****
  • Posts: 319
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 36% of students answer this correctly


AEWBW

  • Member
  • Posts: 579
Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Patient Information Supplied When Scheduling Hospital Admissions Patient Information Supplied When Scheduling Hospital Admissions
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
screen-shot-2017-02-20-at-4-42-16-pm.png screen-shot-2017-02-20-at-4-42-16-pm.png
screen-shot-2017-02-18-at-5-21-15-pm.png screen-shot-2017-02-18-at-5-21-15-pm.png
Mastering Biology Question Mastering Biology Question
Benefits and costs of herbicide applications Benefits and costs of herbicide applications
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library