Variable and absorption costing whirlpool corporation had

Reference no: EM13605502

Variable and absorption costing Whirlpool corporation had the following abbreviated income statement for a recent year: In Millions Net Sales: 17,099 Cost of Goods sold: 14,713 Selling administrative, and other exp: 1,544 Total exp: 16,257 Income from operations: 842 assume that there were 3,680 million fixed manufacturing costs and 890 million fixed selling, administrative, and other costs for the year. the finished goods inventories at the beginning and end of the year from the balance sheet were as follows: Jan 1: 2,591 Million Dec. 31: 2,197 Million Assume that 30% of the beginning and ending inventory consists of fixed costs. assume work in process and materials inventory were unchanged during the period. a. Prepare an income statement according to the variable costing concept for whirlpool corp. for the recent year. b. explain the difference between the amount of income from operations reported under the absorption costing and variable costing concepts.

Reference no: EM13605502

Questions Cloud

The coefficient of friction of the metal against the dies : a cylinder of metal that is originally 100mm tall and 50mm in diameter must be open die forged to a height if 50mm. the

Doug receives a duplex as a gift from his uncle the uncles : doug receives a duplex as a gift from his uncle. the uncles basis for the duplex and land is 90000. at the time of the

Nestleacute reports beginning raw materials inventory of : nestleacute reports beginning raw materials inventory of 3590 and ending raw materials inventory of 3708 both numbers

Knowing that it strikes the water 4 s after release : a stone is thrown vertically upward from a point on a bridge located 40 m above the water. knowing that it strikes the

Variable and absorption costing whirlpool corporation had : variable and absorption costing whirlpool corporation had the following abbreviated income statement for a recent year

What is the airflow speed in the stream tube at a location : a single stream tube is selected to characterize the air flow past the wing of an aircraft in flight at an altitude of

Equity lightning corp wishes to explore the effect on its : equity lightning corp. wishes to explore the effect on its cost of capital of the rate at which the company pays

Dane cosmetics is evaluating a new fragrance-mixing machine : dane cosmetics is evaluating a new fragrance-mixing machine. the machine requires an initial investment of 24000 and

At the instant is passes through an altitude of 20000 ft : an executive jet aircraft is in a rapid climb in a standard atmosphere. its time rate of change of altitude is 15 fts.

User Account

All Pages