At the start of its fiscal year, a company anticipated producing 300,000 units throughout the year. the annual budgeted manufacturing overhead was $150,000 for variable costs and $600,000 for fixed costs. in april, when there was a beginning inventory for finished goods of 5,000 units, the company showed an income of $40,000 using absorption costing. that same month, ending inventory for finished goods was 7,000 units. what amount would the company recognize as income for april using variable costing?

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

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Which statement best defines tuition? tuition is federal money awarded to a student. tuition is aid given to a student by an institution. tuition is money borrowed to pay for an education. tuition is the price of attending classes at a school.