Answer:
absorption costing net operating income = $106400
Explanation:
Manufacturing overhead in inventory = Fixed manufacturing overhead in ending inventory - Fixed manufacturing overhead in beginning inventory
Since the fixed overhead cost was $4 for both unit in beginning and in ending inventory
$4 per unit × (−2,300) = −$9200
Variable costing net operating income = $115600
subtract fixed manufacturing overhead costs released from inventory
(9200 ) from Variable costing net operating income
Absorption costing net operating income = Variable costing net operating income - fixed manufacturing overhead costs released from inventory
Absorption costing net operating income = 115600 - 9200 = $106400
Explanation:
<em>people start any occupation in order to</em><em> </em><em>tl</em><em> earn money </em><em>generally</em><em> </em><em>but</em><em> sometimes occupation became a medium</em><em> to give </em><em>employment.</em><em>.</em><em> which is really </em><em>benefit</em><em> </em><em>our</em><em> </em><em> </em><em>country.</em><em>.</em><em>.</em>
Answer:
The correct answer is $84 million.
Explanation:
According to the scenario, the computation of the given data are as follows:
Taxable income = $255 million
Tax rate = 40%
Tax credit = $30 million
So, Current tax payable = $255 million × 40% = $102 million
So, Net current tax payable = Current tax payable - Tax credit
= $102 million - $30 million
= $72 million
So, we can calculate the total income tax expense by using following formula:
Total income tax expense = net current tax payable + Additional projected liability
= $72 million + ( $30 million - $18 million)
= $72 million + $12 million
= $84 million
Answer and Explanation:
The Preparation of the company's revenue and spending variances for December is prepared below:-
The report with respect to the company revenue and spending variance is presented in the attachment below
The revenue refers to the sales of the company
And, the spending variance refers to the difference between the actual amount of expenses incurred and the budgeted amount of expenses incurred. The same is shown in the below attachment.
Answer:
The correct answers are letters "B" and "C": The act allowed the Federal Reserve to set uniform reserve requirements for all commercial banks; and, the act allowed commercial banks to pay unrestricted interest rates on checking accounts.
Explanation:
The Monetary Control Act (<em>MAC</em>) passed in 1980 is considered to be the first set of rules established in the banking industry after the Great Depression (1929). It mainly forced all the banks to remain under the rules of the Federal Reserve. Besides, it provided banks the autonomy to choose the interest rate on accounts under their own discretion.
