Multiple Choice
Feldspar,Inc.started the year with 200 units in the Finished Goods Inventory account.It produced 600 units during the year and sold 800 units.If Feldspar uses variable costing,________.
A) its operating income for the period will be higher than under absorption costing
B) its operating income for the period will be lower than under absorption costing
C) its value of ending Finished Goods Inventory reported in the balance sheet will be higher than under absorption costing
D) its operating income will be the same as under absorption costing
Correct Answer:
Verified
Correct Answer:
Verified
Q145: Because contribution margin is based on sales
Q146: Circetrax,Inc.has provided the following financial information
Q147: Petra,Inc.has collected the following data.(There are
Q148: Kim Airedale,a manager of Waggers,Inc.,was reviewing the
Q149: The relevant production range for Challenger Trailers,Inc.is
Q151: Louie's Music produces harmonicas that it
Q152: The high-low method requires the identification of
Q153: Variable cost per unit,within the relevant range,will
Q154: Vintage Weaponry is owned and operated
Q155: The margin of safety can be used