The cost of the ending inventory under absorption costing is higher than the cost of ending inventory under varibale costing by     1. an amount equal to the fixed overhead cost per unit. 2. an amount computed by multiplying the units in the ending inventory by the fixed costs per unit. 3. an amount equal to the difference in the income amounts under both costing methods. 4. the amount equal to the fixed overhead cost charged to expense during the period.

Q: If the amount of "cost of goods manufactured" during a period exceeds amount of "total manufacturing…

A: Requirement is to solve an mcq: If the amount of "Cost of goods manufactured" during a period…

Q: Income under absorption costing is equal to income under variable costing if the inventory at the…

A: Solution: If inventory at the end of period and beginning of period are the same, then fixed…

Q: 1. Assume the company uses variable costing and a FIFO inventory flow assumption (FIFO means…

A: As per our protocol we provide solution to the one question only or to the first three sub-parts…

Q: If the beginning finished goods inventory (in units) is more than the desired finished goods ending…

A: Total production required is calculated as sum of forecasted unit sales and planned finished goods…

Q: Which of the following statements is false? O a. Product costs are inventoriable costs O b. Product…

A: Product costs - these can be defined as costs incurred by the business while producing a good or…

Q: inventory computed.? a) Cost of materials used in production during the period/ Average materials…

A: Inventory refers to the goods and services of the business which the company holds for a motive of…

Q: When inventory increases, the fixed manufacturing overhead is deferred in inventory under:"…

A: Under Variable costing method, only variable cost is assigned to inventory.

Q: the --- account is credited to adjust for underallowcated overhead costs. A. sales revenue B.…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: If the cost of goods manufactured is less than the cost of goods sold, which of the following is…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Which formula reconciles the difference between absorption and variable-costing income?   a. Change…

A: Net operating income under absorption costing = Net operating income under variable costing + Change…

Q: It’s common in the electronics industry for unit costs of raw materials inventories to decline over…

A: Definition:   LIFO: Under this inventory method, the units that are purchased last are sold first.…

Q: Under variable costing, which of the following costs are assigned to inventory?  Variable Selling &…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Required: Compute the ending inventory (February) under variable costing. Compute the ending…

A: Here in this question, we are required to calculate closing stock for the month of February by…

Q: Which of the following is not considered in determining FIFO unit cost? A. Equivalent unit of…

A: Equivalent unit of production in ending inventory is relevant to calculate EUP. Equivalent unit of…

Q: Which of the following is not relevant is not relevant in determining weighted average unit cost in…

A: Under the weighted average unit cost in process costing, the beginning inventory is combined with…

Q: the equivalent units for materials and conversion costs. 2. Compute the unit costs for materials…

A: Answer 1) Equivalent units for material and conversion costs.   Physical units % material %…

Q: 1. Compute the Cost of Goods Sold, Ending Inventory, and Gross Profit using the following cost flow…

A: Date                    Particulars                          Input Quantity  output Qty Unit cost…

Q: I.-When assigning costs to partially completed units in the ending work in process inventory, it is…

A: The various methods of inventory valuation are: First-in, First-out (FIFO) Last-in, First-out…

Q: Net income computed using absorption costing can be reconciled to the net income computed using…

A: The difference of income between absorption costing and variable costing only occurs only due to the…

Q: First: When reconciling variable costing and absorption costing net operating income, fixed…

A: Answer: option c. Only the second statement is true Explanation: Under absorption costing, a portion…

Q: What is the adjusted balance of finished goods inventory after disposing the under-or over-applied…

A: Cost of goods sold: Cost of goods sold means cost of producing the goods which are being sold by…

Q: Under absorption costing, which of the following costs would not be included in finished goods…

A: Introduction: Absorption costing, often known as "full absorption costing" or "full costing," is an…

Q: variable costing

A: What will be the difference in net earnings computed using variable costing as opposed toabsorption…

Q: Compute the following: The amount of ending inventory reported under absorption costing method If…

A: Contribution margin is the excess sales over variable cost

Q: Variable selling expenses are a. Product costs under variable costing but period costs under…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Under the absorption costing method, NUBD’s operating income for 2021 would be 2. What would be…

A: Formula: Variable cost of goods manufactured per unit = Total variable cost of goods manufactured /…

Q: When production is greater than sales, fixed manufacturing overhead costs are: a. Deferred in…

A: Variable Costing: Variable costing is the method of costing in which only the variable production…

Q: . What is the journal entry to record the cost of goods sold referred to above?   L. What is the…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: When production is greater than sales, fixed manufacturing overhead costs are a. Deferred in…

A: When production is greater than sales, fixed manufacturing overhead costs are deferred in inventory…

Q: Requirements: • 1. Compute the equivalent units for materials and conversion costs. • 2. Compute the…

A: Calculation of all requirement with necessary workings are as follows.

Q: What will be the difference in net earnings computed using variable costing as opposed to absorption…

A: Under variable costing, whole amount of fixed overhead will be charged in the income statement.…

Q: costs assigned to units in inventory are typically lower under absorption costing than under vanable…

A: As per the guidelines, only one question is allowed to be solved so I am answering the first…

Q: Which of the following costs of conversion cannot be included in cost of inventory? A. Factory…

A: Introduction:- Costs of conversion of inventories include costs directly related to the units of…

Q: If the beginning finished goods inventory (in units) and the desired finished goods ending inventory…

A: Following is the answer to given question

Q: 3. Inventory in each process can be accounted for using first-in first-out (FIFO) or weighted…

A: Inventory refers to finished goods ready for sale or the goods which are used in production process.…

Q: True or False. When the underapplied overhead is assigned to Cost of Goods Sold the effect is to…

A: Overheads: These are defined as the ongoing expenses that are incurred centrally in relation to a…

Q: All of the following are a part of calculating Cost of Goods Sold EXCEPT: O Work In Process…

A: Costs of goods sold: It is a cost of sale and deviation between the sale and gross profit/loss; it…

Q: REQUIRED: Compute for the following a. The cost assigned to ending inventory for each product and in…

A: Joint cost means the cost incurred to produce more than one units and then joint cost need to be…

Q: Which of the following is not relevant is not relevant in determining weighted average unit cost in…

A: Units completed are relevant to calculate the cost of units completed. Equivalent unit of production…

Q: In comparing the absorption and variable cost methods, each of the following statements is true…

A: Variable Costing:The variable costing is a method used to allocate the fixed manufacturing overhead…

Q: required, round unit cost answers to the nearest cent. Calculate the unit cost and the cost of…

A: Solution:- 1)Calculate the unit cost and the cost of finished goods inventory under absorption…

Q: What factor, related to manufacturing costs, causes the difference in net earnings computed using…

A: The question is related to Marginal Costing and is multiple choice question.

Q: When reconciling variable costing and absorption costing net operating income, fixed overhead costs…

A: Solution: S1. When reconciling variable costing and absorption costing net operating income, fixed…

Q: The beginning inventory costs and the product costs of the current period are combined to determine…

A: Process costing is used where the product is generated through multiple processes. It is mainly used…

Q: Using the FIFO method: If, for any period, the beginning Finished Goods Inventory is zero, then the…

A: As per our protocol and guidelines we provide solution to the one question only or up to first three…

Q: In the immediate write-off approach, under-applied overhead is regarded as: a. a decrease im cost of…

A: Formula: Under applied: The overhead spent less than actual called as Under applied.