How absorption costing net income differ from variable cost

Assignment Help Cost Accounting
Reference no: EM13888960

1. If production equals sales, what, if any, is the difference between net income under absorption costing versus under variable costing?

2. If production is greater than sales, how does absorption costing net income differ from variable costing net income?

3. In the long run, will net income be higher or lower under variable costing compared to absorption costing?

Reference no: EM13888960

Questions Cloud

Change and management styles : Think about two (2) organizations for which you have worked or were associated, or two (2) in which you are interested, or two (2) with which you are familiar. Analyze their organizational culture. Describe the significant differences in your leaders..
Case study-the industry and company background : The problem related to Management and it is about the case study of Trigon Corporation and its success factors and primary objectives, analysis of the current system and identifying specific weaknesses that must be addressed to improve the system.
Workers'' compensation programs : Workers' compensation programs and the FMLA have proven to be problematic laws for employers. Research these laws to determine the recent controversies and proposed solutions.minimum 200 words
Compute the solidification time : Using n=2 in 2 in Chvorinov's rule, calculate the mold constant B. Then compute the solidification time of a 0.5inch by 8inch by 8 inch casting poured under the same conditions?
How absorption costing net income differ from variable cost : If production is greater than sales, how does absorption costing net income differ from variable costing net income? In the long run, will net income be higher or lower under variable costing compared to absorption costing?
Assuming that he is interested in minimizing rectilinear : a. Use the Nearest Neighbor heuristic to locate the best route for Big Jim, assuming that he is interested in minimizing Euclidean distances.
Provide an example of a corporate culture : Provide an example of a corporate culture you either know about or research that transcends traditional "nation state" or national boundaries.  Is there an example of where the corporate culture was in opposition to the national or local culture?  Wh..
Role of government in providing health insurance for other : Role of Government in Providing Health Insurance for Other Sections
Human resource management development : Write a short paper assessing yourtentative dissertation topic after completing a draft literature review in thiscourse.  Your paper should address the following topics: 1. Write a draft problem statementfor your dissertation research.2. Write a draf..

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd