Business, 12.12.2019 22:31 kelis2012

Hayek bikes prepares the income statement under variable costing for its managerial reports, and it prepares the income statement under absorption costing for external reporting. for its first month of operations, 400 bikes were produced and 240 were sold; this left 160 bikes in ending inventory. the income statement information under variable costing follows.

sales (240 × $1,650) $ 396,000

variable product cost (240 × $650) 156,000

variable selling and administrative expenses (240 × $55) 13,200

contribution margin 226,800

fixed overhead cost 72,000

fixed selling and administrative expense 85,000

net income $ 69,800

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:30

Describe three scenarios in which you might utilize mathematics to investigate a crime scene, accident scene, or to make decisions involving police practice. be sure to explain how math is used in police as they work through each scenario.

Answers: 1

Answer

Business, 22.06.2019 12:40

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?

Answers: 2

Answer

Business, 22.06.2019 20:00

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.

Answers: 3

Answer

Business, 22.06.2019 20:30

Identify the level of the literature hierarchy for u.s. gaap to which each item belongs

Answers: 1

Answer

You know the right answer?

Hayek bikes prepares the income statement under variable costing for its managerial reports, and it...

Questions