Author Question: Venus Corporation incurred fixed manufacturing costs of $4,800 during 2017. Other information for ... (Read 156 times)

AEWBW · **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

yeungji · **Reply #1 on:** Mar 6, 2021

A FREE account is required to view all solutions!

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