Business, 14.07.2020 02:01 reeeeeee32

"Bellue Inc. manufactures a single product. Variable costing net operating income was $93,400 last year and its inventory decreased by 2,300 units. Fixed manufacturing overhead cost was $1 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year?"

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Answer from: alwaysneedhelp84

The answer is $91,000

Explanation:

Solution

Given that:

Net Operating Income as per Variable Costing = $93,400

Less: Fixed manufacturing overhead released from Inventory (2300*$1)= $2300

Net Operating Income as per Absorption costing = $91,000

Hence Net operating income in absorption costing is $ 91,000

The difference in Net operating Income which is under the variable costing technique & Absorption costing method is due to treatment of Fixed manufacturing overhead.

Difference can be reconcile using following below:

Criteria Operating Income higher in

Ending Inventory is higher than beginning InventoryAbsorption costing

Ending Inventory is lesser than beginning InventoryVariable costing

So,

The inventory reduced by 2,300 units; implies that Ending inventory is lesser than Beginning Inventory, the Net operating income higher in Variable costing.

Answer from: Quest

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.

Answer from: Quest

Answer percentage change in real gdp;

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