![Mathematics](/tpl/images/cats/mat.png)
Mathematics, 14.02.2021 22:00, hijdjdjdbdjidjdbdbd
Lehighton Chalk Company manufactures sidewalk chalk, which it sells online by the box at $50 per unit. Lehighton uses an actual costing system, which means that the actual costs of direct material, direct labor, and manufacturing overhead are entered into work-in-progress inventory. The actual application rate for manufacturing overhead is computed each year, actual manufacturing overhead is divided by actual production (in units) to compute the application rate. Information for Lehighton's first two years of operation is as follows:
Year 1 Year 2
Sales (in units) 2,500 2,500
Production (in units) 3,000 3,000
Production costs:
Variable manufacturing costs $21,000 $14,000
Fixed manufacturing overhead 42,000 42,000
Selling and administrative costs
Variable 25,000 25,000
Fixed 20,000 20,000
Required: Lehighton Chalk Company had no beginning or ending work-in-progress inventories for either year.
1. Prepare operating income statements for both years based on absorption costing.
2. Prepare operating income statements for both years based on variable costing.
3. Prepare a numerical reconciliation of the difference in income reported under the two costing methods used in requirements (1) and (2).
![answer](/tpl/images/cats/otvet.png)
Answers: 3
Other questions on the subject: Mathematics
![image](/tpl/images/cats/mat.png)
Mathematics, 21.06.2019 18:00, peytondavis2424
Plz determine whether the polynomial is a difference of squares and if it is, factor it. y2 – 196 is a difference of squares: (y + 14)2 is a difference of squares: (y – 14)2 is a difference of squares: (y + 14)(y – 14) is not a difference of squares
Answers: 1
![image](/tpl/images/cats/mat.png)
![image](/tpl/images/cats/mat.png)
Mathematics, 22.06.2019 03:00, PearlJam5492
What is the answer to question 11? will give extra points! include a explanation (reasonable) for you : )
Answers: 2
![image](/tpl/images/cats/mat.png)
Mathematics, 22.06.2019 03:30, emilylunaa
Sections of prefabricated woods are each 5 1/3 feet long, how long are 7 1/2 sections placed end to end?
Answers: 3
Do you know the correct answer?
Lehighton Chalk Company manufactures sidewalk chalk, which it sells online by the box at $50 per uni...
Questions in other subjects:
![Konu](/tpl/images/cats/en.png)
English, 17.09.2020 15:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2020 15:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2020 15:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2020 15:01
![Konu](/tpl/images/cats/biologiya.png)
Biology, 17.09.2020 15:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2020 15:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2020 15:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2020 15:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 17.09.2020 15:01
![Konu](/tpl/images/cats/fr.png)
French, 17.09.2020 15:01