Answer:
1.
$5,200 a fixed manufacturing overhead cost is included in the company's inventory at the end of last year.
2.
Income Statement is Prepared in an MS Excel File Attached With this answer Please find it.
Step-by-step explanation:
1.
Fixed Manufacturing Overhead = Total Fixed manufacturing Overhead x Units in ending inventory / Units produced
Fixed Manufacturing Overhead = 65,000 x 20 / 250 = $5,200
2.
File Attached.
There is a Difference of $5,200 in net operating income between the two costing methods. The amount of fixed asset assigned to closing inventory.
Explanation:
The formula for calculating the percent change in a value between two points in time is:
p
=
N
−
O
O
⋅
100
Where:
p
is the percent change - what we are solving for in this problem.
N
is the New Value - 62 inches in this problem.
O
is the Old Value - 56 inches in this problem.
Substituting and solving for
p
gives:
p
=
62
−
56
56
⋅
100
p
=
6
56
⋅
100
p
=
600
56
p
=
10.7
rounded to the nearest tenth.
Ricardo gres 10.7%
The answer is A) the height of students
1st Bagel; $0.79. 2nd Bagel; $0.67. 3rd Bagel; $0.70. 4th Bagel; $0.75. So B would be the correct answer, given 67¢ is cheaper ;)))))))
