The difference between the variable costing ending inventory and the absorption costing ending inventory is:_________

Answers

Answer 1

The way fixed production overhead is handled in absorption costing and variable costing is the only distinction.

An overview of absorption costing versus variable costing

Work-in-progress and inventory values for businesses are determined using absorption costing and variable costing techniques. All expenses related to the production of a product are included in absorption costing. The only costs included in variable costing are the ones directly associated with production and none of the fixed costs. The Generally Accepted Accounting Principles (GAAP) of the Financial Accounting Standards Board mandate absorption costing for reporting purposes (GAAP).

Only businesses that spend costs of goods sold (COGS) on their income statement will need to consider absorption vs. variable costing.

Despite the fact that any business can utilize both approaches for various purposes, public businesses are obligated to employ absorption costing due to their GAAP accounting obligations.

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Related Questions

Why would the nurse ask a physical therapist to perform passive rom exercises for a patient with lower extremity injuries sustained in a motor vehicle crash?

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The nurse ask a physical therapist to perform passive ROM exercises for a patient with lower extremity injuries sustained in a motor vehicle crash.

The patient has orthopedic trauma.

What is orthopedic trauma?

Orthopedic trauma is a severe injury to any component of your musculoskeletal system caused by a collision or crushing force. Sportspeople, people who are frail or have brittle bones, and victims of auto accidents are particularly prone to this.

Trauma and orthopaedic (T&O) surgeons identify and treat disorders of the musculoskeletal system, which includes the bones, joints, and structures that support movement such ligaments, tendons, muscles, and nerves.

Compression fracture: Tiny fissures in the bone, also known as compression fractures, have the potential to cause bone collapse. Compression fractures are most frequently found in the vertebral column's supporting bones, and osteoporosis is their main cause.

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The actual number of dollars received in exchange for the different resources available in the economy is:_______

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'The actual number of dollars received in exchange for the different resources available in the economy is nominal income.

What is economy?

An economy is an area of the production, distribution and trade, as well as consumption of commodities and services. It is generally understood to be a social domain that places an emphasis on the behaviors, discourses, and outward manifestations connected to the production, utilization, and management of limited resources. ' The wealth that a nation generates from business and industry is that nation's economy. Over 10% yearly growth was seen in the Japanese economy. 3. a noncount noun. Use as little time, money, or other resources as necessary to complete a task in order to avoid wasting any of them..

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The number of sellers or competitors in a market is a determinant or shifter of the___curve.

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The number of sellers or competitors in a market is a determinant or shifter of the supply curve.

Who is a seller?

A seller can be defined as a person selling their goods or services to the people in the market. A seller can be an individual, a wholesaler, or an enterprise.

The change in the supply curve can be defined as the relation between the price of the commodity and the number of suppliers.

As a new competitor or new supplier enter the market, there will be a consequence ship in the supply curve, and they change the moment from the upward and the downward slope.

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Is the set of firms that facilitate the movement of goods from producers to consumers?

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The distribution channel is the set of firms that facilitate the movement of goods from producers to consumers.

A distribution channel is what?

A distribution channel is a network of firms or middlemen that a commodity or service travels through before reaching the final consumer or buyer. Wholesalers, merchants, distributors, and even the internet are examples of distribution channels.

The downstream process, which addresses the issue of "How do we get our product to the consumer," includes distribution networks. Contrarily, the upstream process, commonly known as the supply chain, offers a response to the question, "Who are our suppliers?

What Exactly Is a Distribution Channel, and What Elements Does It Comprise?

The phrase "distribution channel" describes the techniques a business employs to get its goods or services to the final customer. A network of middlemen companies, including producers, distributors, and retailers, is frequently involved. Management of supply chains involves choosing and keeping an eye on distribution channels.

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The written instrument that conveys the property from the grantor to a grantee is called?

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The written instrument that conveys the property from the grantor to a grantee is called a property deed.

Property is any object that someone or a enterprise has criminal name over. belongings may be tangible items, along with homes, motors, or appliances, or it can consult with intangible items that bring the promise of destiny really worth, together with stock and bond certificates.

In the economics and political economic system, there are three extensive styles of assets: private belongings, public belongings, and collective belongings (also referred to as cooperative assets).

Property is largely of categories: Corporeal property and Incorporeal property. Corporeal property is visible and tangible, whereas incorporeal property is not. moreover, corporeal belongings is the proper of possession in cloth things, whereas incorporeal property is an incorporeal proper in rem.

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If you plan to become a film editor, you should probably purchase ___ since it is most commonly used in the film industry.

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If you plan to become a film editor, you should probably purchase a Macintosh computer since it is most commonly used in the film industry.

The Macintosh or Mac computer is a family of personal computers which is manufactured, designed, and sold by Apple Inc. since 1984. So the Macintosh computer is a desktop computer by Apple that comes in a variety of form factors and designs in the market.

A film editor should probably purchase the Macintosh computer, as it might be a better option video editing overall. As they come equipped with built in tools which make it easier to manipulate images and videos without having to install additional software.

Hence, Macintosh computers are some of the best options out there for film editors currently.

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When inventory is sold, inventory cost methods (fifo, lifo, weighted average) are used to determine how much cost to assign to ______.

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Inventory cost methods (fifo, lifo, and weighted average) are used to calculate a per-unit cost when inventory is sold.

Weighted Average Cost Method of Inventory Calculation

One of the three inventory cost flow assumptions used in inventory costing is the weighted average cost (AVCO) technique, often known as the AVCO method. The AVCO method is used to calculate the cost of inventory at the end of the year and the cost of goods sold (COGS) throughout the year, just like FIFO and LIFO. This method bases the cost of inventory on the weighted AVCO of the year's inventory acquisitions.

How costs migrate from the balance sheet's merchandise inventory to the income statement's COGS is determined by a cost flow assumption.

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When clients work with their investment advisers, they ________ their investment portfolios. cocreate expand initiate discover balance

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When clients work with their investment advisers, they . co create their investment portfolios.

What is in an investment portfolio?

A portfolio may be a collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange traded funds (ETFs). People generally believe that stocks, bonds, and cash comprise the core of a portfolio.

Why is an investment portfolio important?

A portfolio with an appropriate (diversified) mixture of investments not only helps an individual protect her/his invested capital but also allows them to position it in a way that it has the potential to earn desirable returns.

What is the purpose of portfolio?

Portfolios are employed by working professionals, companies and students to spotlight their best work and display accomplishments, skills and potential. They visually showcase samples of work, while a resume only provides bullet points.

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Data privacy statements on an organization's website satisfy the __________ fair information practice principle.

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Data privacy statements on an organization's website satisfy the notice/awareness fair information practice principle. The term "Fair Information Practices" refers to a set of eight guidelines for the use, collection, and privacy of data (FIPPs). After the Organization for Economic Cooperation and Development (OECD) published them in 1980, they were essentially adopted by most countries.

Even now, these concepts are significant and influential. They act as standards for how numerous businesses should manage personal data. Several of the ideas mentioned in the FIPPs are found in significant privacy frameworks including the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act.

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_______________ is the goal that assumes the global economy can achieve balanced economic conditions while maintaining a sustainable, living, planet.

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The objective of ecological balance is based on the assumption that a balanced world economy is possible.

What is ecological balance?

Ecology is the name given to the science of examining ecosystems. A number of online dictionaries define ecological balance as "a state of dynamic equilibrium within a community of animals in which genetic, species, and ecosystem diversity remain generally stable, subject to progressive changes through natural succession." "A stable equilibrium in the numbers of each species in an ecosystem" is also a requirement.

The preservation of an ecosystem's natural equilibrium is the fundamental consideration. This equilibrium could be upset by the introduction of new species, the sudden extinction of some species, natural disasters, or man-made causes.

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The development and growing popularity of flextime arrangements can largely be attributed to?

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The spread of highspeed internet and technologies such as telecommuting and teleconferencing.

What Is Flextime?

Flexible time, or flextime, is a work arrangement that gives employees the freedom to determine the start and end times for their workdays. Flextime gives workers the chance to better manage their time as they search for a better work-life balance. To accommodate clients and allow for meetings and collaboration, flextime, however, may require that workers be present in the office during specific hours.

Flextime functions best when work is either highly individualized or when asynchronous cooperation is made possible through technology. Only exempt employees frequently have access to flextime. Salary workers who are exempt from the minimum wage, overtime regulations, and other rights and protections granted to non-exempt employees are known as exempt employees.

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If the number of employed increases while the number of unemployed does not change, the unemployment rate:________

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The unemployment rate is the proportion of the labor force that is not now employed but has the potential to do so.

What Is the Rate of Unemployment?

The percentage of the labor force that is unemployed is known as the unemployment rate. It is a lagging indicator, thus rather than anticipating changes in economic conditions, it frequently rises or falls in response to them. The unemployment rate is likely to increase when there aren't many open positions and the economy is struggling. It seems sense to anticipate a decline in the economy when there are many available positions and a healthy labor market.

The Bureau of Labor Statistics uses many parameters to determine the unemployment rate in six distinct ways.

3.5% was the U-3 unemployment rate in July 2022.

The recognized and most commonly referenced national unemployment rate in the United States is the U-3, which the BLS publishes as part of its monthly employment situation report. According to this definition, someone who is unemployed must have actively sought employment over the previous four weeks and be willing and able to work.

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Owned by stockholders whose liability is limited to the amount they have invested in the business.

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Owned by stockholders is the limited liability that is limited to the amount they have invested in the business. The limited liability company (LLC) is a corporate design that safeguards its proprietors from being by and by sought after for reimbursement of the company's obligations or liabilities.

What is a Limited liability?

A limited liability company (LLC) is a business structure in the U.S. that safeguards its proprietors from moral obligation regarding its obligations or liabilities.

Limited liability organizations are cross breed substances that join the qualities of a company with those of an organization or sole ownership. While the limited liability include is like that of an organization, the accessibility of move through tax collection to the individuals from a LLC is an element of an organization instead of a LLC.

Therefore Limited liability organizations are allowed under state rules, and the guidelines overseeing them shift from one state to another.

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Once a customer begins to have a positive experience with a service provider and builds a relationship with the firm, customer loyalty ________.

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The correct answer is "customer loyalty tends to be greater for services than for products".

Customer loyalty is a bond between a consumer and a brand that motivates the consumer to make more purchases from the brand.

Why is client loyalty crucial?

Higher profits come from more loyal customers. The main factor that makes loyal consumers so important to small businesses is that they increase revenue. By spending more money, every cliental visit builds up over time, to the point where a 5% improvement in customer retention will result in a 25% gain in profit.

Although high brand preference may come from consumer loyalty, the loyalty may not be exclusive. Repeat purchases can be made by customers from different brands within the same category.

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The buying and selling of goods or services over computer networks is known as _______, whereas _______ involves using the internet to facilitate every aspect of running a busines

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The buying and selling of goods or services over computer networks is known as e-commerce , whereas e-business involves using the internet to facilitate every aspect of running a business.

Which of the following defines an organization?

An organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union.

What is E-commerce?

E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B.

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Dextrose+25%+1000+ml+was+ordered,+you+have+only+dextrose+70%+solution+available.+how+much+of+the+dextrose+70%+solution+will+you+use+to+fill+this+order?

Answers

357ml of 70% Dextrose will be used to fill this order.

A simple sugar made from corn or wheat with the name dextrose is chemically identical to glucose, or blood sugar. Dextrose is a common sweetener used in baking products and is present in things like processed foods and corn syrup. There are also medical uses for dextrose. The most common population for whom dextrose is used to treat very low blood sugar (hypoglycemia) is those with diabetes mellitus. To treat insulin shock, dextrose is injected (low blood sugar caused by using insulin and then not eating a meal or eating enough food afterward). Dextrose is frequently marketed as healthier for those who want to stay away from fructose, the type of sugar that accounts for 50% of cane sugar.

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Confirmation and reflectionkaggle's datasets and data explorer allow you to do which tasks?

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It allows you to search for asses, upload datasets, conduct research, complete data projects, and share your accomplishments with others in data science community.

Describe datasets?

A sets of data are referred to as datasets. Usually, this set is displayed in a tabular format. A specific variable is described in each column. Furthermore, according to the specified query, each row refers to a specific component of the data set. Data management includes this. The values of each variable for unknowable things, such as the height, weight, temperature, volume, etc., of an object or the values of random numbers, are described in data sets. A datum is the name given to the values in this set. The set of data includes information for one or more members that correspond to each row.

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Under the temporal method, which accounts are remeasured using current exchange rates?

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Under the temporal method,  accounts that are remeasured using current exchange rates are Cash, receivables, and most liabilities.

Temporal Method: The temporal approach, sometimes referred to as the historical method, transforms a foreign subsidiary's currency into the parent company's currency. When the local currency of the subsidiary is different from the currency of the parent firm, this method of translating a foreign currency is applied. This is known as Temporal Method.

Current Exchange Rates: The value of one country's currency in comparison to another, this is known as Current Exchange Rates. When nations employ gold or another accepted standard, and each currency is worth a particular amount of the metal or other standard, the exchange rate is "fixed."

Under the temporal method,  accounts that are remeasured using current exchange rates are Cash, receivables, and most liabilities.

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A simplified version that is used informally for analysis instead of drawing a formal general ledger account is referred to as a?

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A T Account is a simplified version used informally for analysis instead of drawing a formal general ledger account.

T Accounts Presented. Debits and credits can represent increases or decreases for various accounts, but in a T Account, the debit is, by convention, always on the left and the credit on the right. Regardless of the type of account, the debit side is always on the left, and the credit side is always on the right.

The account name is then written directly above the top horizontal line, and below that, split by the vertical T of the letter, debits are reported on the left, and credits are recorded on the right. A ledger account is another name for a T-account.

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If you have created users with administrator privileges on your windows 10 or linux systems, why bother creating other user accounts?

Answers

One of the reasons why other accounts are created by an administrator is because, in some cases, an administrator account cannot serve the interest of the whole organization because the resources need to be shared among other users using sperate user accounts.

What is an Administrator Account?

Users utilize administrator accounts to do actions that require specific rights, such as installing software or renaming a machine.

These Administrator accounts should be reviewed on a regular basis, including a password reset and confirmation of who has access to these accounts.

What is the function of the administrator account?

An administrator account is used to perform system-wide changes on a computer, such as creating or removing user accounts.

Creating account passwords for other computer users. Changing the names, photographs, passwords, and account kinds of others.

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Which of the following is one of the factors of production?
a.money
b.shares of stock
c.business
d.natural resources

Answers

Answer:

the answer of that question is

LETTER, C. BUSINESS

Explanation:

please correct me if im wrong because im not very brainly but im so handsome

If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, what kind analysis might they conduct?

Answers

If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, the kind of analysis they might conduct is Workflow analysis.

What is workflow analysis?

Workflow analysis can be defined as the process of assessing an employee workflow so as to know their performance and to as well  improve the employee efficiency leading to work productivity.

Companies tend to make use of workflow analysis so as to  eliminate the work inefficiencies and improve efficiency.

Therefore If an organization wanted to improve employee involvement, efficiency, and customer satisfaction, the kind of analysis they might conduct is Workflow analysis.

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Franchisers are permitted to recognize the revenue from the sale of a franchise whenever they wish under accrual-basis accounting. true /false

Answers

The statement is false. Revenues are typically recorded when earnings and expenses are compared to the periods in which they contribute to revenue under accrual-basis accounting method. Not when franchisers are permitted to recognize the revenue from the sale of the franchise.

Additionally, in accrual-basis accounting, activities that impact a company's financial statements are recorded in the periods in which they take place, and revenue is recognized in the period in which the performance obligation is met.

A brand can reach many more consumers by or through franchising since the brand already has a loyal following of consumers. In accounting of a franchise, according to the revenue recognition principle, revenue must be reported in the time frame that funds are received.

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______ is a way of orchestrating value activities in which a firm is backwardly or forwardly integrated and relies on outside-market firms for supplies or distribution.

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Taper integration is a way of orchestrating value activities in which a firm is backwardly or forwardly integrated and relies on outside-market firms for supplies or distribution.

Organization theory uses the term "tapered integration" to describe a combination of vertical integration and market interchange. A producer upstream may generate some of the input themselves and purchase the remaining amount from independent businesses.

What three forms of vertical integration are there?

Result for Taper integration in an image

There are three types of vertical integration: balanced vertical integration, which includes both upstream and downstream integration, and backward vertical integration, which occurs upstream.

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What tax policies did the south fear as the negotiations began that eventually resulted in the three-fifths compromise?

Answers

Heavy taxes on agricultural goods exported from the U.S is the tax policy which is done by south fear as a negotiations that resulted to three - fifths compromise .

What is three - fifths compromise ?

At the United States Constitutional Convention (1787), delegates from the Northern and Southern states reached a compromise by agreeing that three-fifths of the slave population would be taken into consideration when determining direct taxes and House of Representatives representation.

Many of the Founding Fathers realized that slavery ended up going against the ideal of liberty that was at the emotional core of the American Revolution, but they were unable to take decisive action to finish it because they were devoted to the sanctity of private property rights, the ideas of limited government, and the pursuit of intersectional harmony.

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In leadership as managed culture change and possibly in the new phase, culture creation contingency leadership, organizational culture creation by leaders is?

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Social Responsibility in leadership is managed culture change and possibly in the new phase, culture creation contingency leadership, organizational culture creation.

It is responsibility of an organisation to serve the legal and social compliance of an organisation. It covers the environmental issues, security issues and release issues of the organisation. It preserves the culture by binding change in decisions in the favor so that protection can be easily done.

Culture creation and awareness maintain by the leaders is the necessary part of the organisation. The management is therefore done through the social responsibility of a firm.

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The goal of the price cut described in in the news was to:_______
a) increase supply.
b) increase quantity demanded.
c) increase demand.
d) increase quantity supplied.

Answers

Price reduction with the intention of raising demand.

What does "Law of Demand" mean?

According to the law of demand, the relationship between price and quantity demanded of any good or service and other parameters remaining constant is inverse. A product's price increase causes a decrease in consumer demand for that same product.

The law of demand explains why consumers make certain decisions when prices vary. When a good's price increases, there is less demand for that good in the market, presuming other factors that affect demand remain constant. This is how people naturally make purchases. This occurs as a result of consumers' reluctance to spend more money because they are concerned about running out of money.

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Jenna and martin complete their part of project zenith. their progress is best measured against ________ goals.

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Jenna and martin complete their part of project zenith. Their progress is best measured against task goals. The easiest way to gauge their development is to compare it to the objectives of the task. The act of performing a task! You do not want to obtain this outcome at the conclusion of the quarter; it is not a result. In contrast to tasks, goals (such as OKR goals) are outcomes and results. Therefore, at its most basic level, a task is merely an action; to finish a project, you must perform a number of tasks or activities.

To accomplish your goal, we must complete numerous tasks (and possibly numerous projects), yet activities themselves cannot tell you whether you are acting appropriately. You are merely performing them. What is right or what is right for your business, or what is most important for your organization this quarter, is revealed by your OKR goals.

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How can a company salespeople help with product development?
HELP!!!!!!!!!!!! HURRY PLEASE!!!!!!

A- They can create a prototype
B- They do not have a role in product development
C- They can be a source of ideas
D- They can sell new products

Answers

Answer:

C- They can be a source of ideas.

Moral idealism and utilitarianism are two prominent personal ________ that are important in marketing.

Answers

Moral idealism and utilitarianism are two prominent personal Moral philosophies that are important in marketing.

   According to moral idealism, the ideal set of moral laws—which are themselves defined in terms of a moral ideal—are what constitute morality. According to a moral idealism, morality is that collection of unchanging laws. which, if obeyed, would bring about the moral ideal of this idealism.

   A moral theory known as utilitarianism favors activities that increase happiness or pleasure and disapproves of those that increase sadness or harm. A utilitarian ideology would seek to improve society as a whole when used to guide social, economic, or political decisions.

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