User Account

All Pages

What is the absorption costing net operating income

Assignment Help Accounting Basics
Reference no: EM132733626

Question - Mitchel Corporation manufactures a single product. Last year, variable costing net operating income was $55,000. The fixed manufacturing overhead costs released from inventory under absorption costing amounted to $24,000.

Required - What is the absorption costing net operating income from last year?

Reference no: EM132733626

Questions Cloud

Explain required resources needed for the strategic plan : Work with your preceptor to assess the organization for required resources needed for the strategic plan if the change proposal were to be implemented.
Consider the nature of infectious diseases : Which disease, in your opinion, deserves more attention and funding? Why? How and where you would invest the money?
What is the anticodon : If a codon for alanine is UGC. What is the anticodon?
What is the amount of the federal donation tax credit : Individual K donated $8,000 to a Canadian registered charity. K's taxable income is $150,000. What is the amount of the federal donation tax credit?
What is the absorption costing net operating income : Mitchel Corporation manufactures a single product. Last year, variable costing net operating income was $55,000. What is absorption costing net operating income
What name of the infectious agent : What name of the infectious agent that this vaccine is preventing from establishing itself in the host? What is the name of the resultant disease it prevents?
Should investors care about an mnc translation exposure : Should Investors Care about an MNC's Translation Exposure? The present value of an MNC's cash flows is based on the cash flows that the parent receives.
Analyze how current research supports the picot : A literature review analyzes how current research supports the PICOT, as well as identifies what is known and what is not known in the evidence.
Which would be the adjustment to cost of goods sold account : Assuming underapplied or overapplied overhead is transferred to cost of goods sold at the end of the period, which would be the adjustment to the cost?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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