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 154 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

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

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.

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?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

The vehicle emissions control information (VECI) sticker is placed under the hood. The vehicle emissions control information (VECI) sticker is placed under the hood.
The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ... The material safety data sheet (MSDS) for sulfuric acid showing the detailed technical information ...
screen-shot-2017-02-20-at-4-58-18-pm.png screen-shot-2017-02-20-at-4-58-18-pm.png
screen-shot-2017-02-18-at-5-24-41-pm.png screen-shot-2017-02-18-at-5-24-41-pm.png
Mastering Biology Question Mastering Biology Question
A fly on a Venus Flytrap plant. A fly on a Venus Flytrap plant.
Video: Wound Repair Animation

For a complete list of videos, visit our video library