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Author Question: At the end of the accounting period, Armstrong Corporation reports operating income of $30,000. ... (Read 38 times)

Evvie72

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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
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Marked as best answer by Evvie72 on Mar 6, 2021

l.stuut

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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.
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Evvie72

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Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

okolip

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Reply 3 on: Yesterday
Wow, this really help

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