User Account

All Pages

What is the absorption costing net operating income

Assignment Help Accounting Basics
Reference no: EM132740898

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

Reference no: EM132740898

Questions Cloud

Find the fair value should be recorded as : The fair value to acquire treasury stock. The difference between the price paid to acquire the treasury stock and the fair value should be recorded as
Prepare journal entries to account for the events : Prepare journal entries to account for the above events from 1 March 2020 to 31 August 2020. Show all calculations and round them to the nearest dollar amount
What ball year statement of changes in equity should report : The decline in fair value was properly accounted for at December 31, Year 3. Ball's Year 4 statement of changes in equity should report an increase of
Influence the outcome of the negotiation : Who are the parties that can influence the outcome of the negotiation.
What is the absorption costing net operating income : Last year, variable costing net operating income was $55,000. What is the absorption costing net operating income from last year
Find what amount should zinc report as total equity : Find what amount should Zinc report as total equity in its December 31, Year 6, balance sheet? available-for-sale securities 20,000
Impact on forming positive work relationships : Explain how interpersonal styles would impact on forming positive work relationships.
Evaluate each of justifications made by harris technologies : Companies are allowed to change accounting, Evaluate each of the justifications made by Harris Technologies for changing its inventory cost flow assumption.
Calculate Bramble total bill : On a recent job replacing the engine of a riding lawnmower, Bramble worked 12.0 hours and used parts with a cost of $600. Calculate Bramble's total bill

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