Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Absorption income statement

25/04/2021 Client: muhammad11 Deadline: 2 Day

Upon receiving this figure, the president commented, “There’s something peculiar here. The controller says that the break-even point is 28,000 units per month. Yet we sold only 26,000 units in May, and the income statement we received showed a $2,000 profit. Which figure do we believe.” Prepare a brief explanation of what happened on the May income statement.

5-22 Absorption and Variable Costing; Product Constant, Sales Fluctuate

Sandi Scott obtained a patent on a small electronic device and organized Scott Products, Inc., to produce and sell the device. During the first month of operations, the device was very well received on the market, so Ms. Scott looked forward to a healthy profit. For this reason, she was surprised to see a loss for the month on her income statement. This statement was prepared by her accounting service, which takes great pride in providing its clients with timely financial data. The statement follows:

Scott Products, Inc.

Income Statement

Sales (40,000 units) $200,000

Variable expenses:

Variable cost of goods sold $80, 000

Variable selling and administrative expenses 30,000 110,000

Contribution margin 90,000

Fixed expenses:

Fixed manufacturing overhead 75,000 95,000

Fixed selling and administrative expenses 20,000 $ (5,000)

Net operating loss

Ms. Scott is discouraged over the loss shown for the month, particularly because she had planned to use the statement to encourage investors to purchase stock in the new company. A friend, who is a CPA, insists that the company should be using absorption costing rather than variable costing. He argues that if absorption costing had been used, the company would probably have reported a profit for the month.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Accounting & Finance Master
High Quality Assignments
Accounting & Finance Mentor
Helping Hand
Top Academic Guru
Study Master
Writer Writer Name Offer Chat
Accounting & Finance Master

ONLINE

Accounting & Finance Master

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$36 Chat With Writer
High Quality Assignments

ONLINE

High Quality Assignments

I will cover all the points which you have mentioned in your project details.

$47 Chat With Writer
Accounting & Finance Mentor

ONLINE

Accounting & Finance Mentor

I will cover all the points which you have mentioned in your project details.

$48 Chat With Writer
Helping Hand

ONLINE

Helping Hand

Give me a chance, i will do this with my best efforts

$50 Chat With Writer
Top Academic Guru

ONLINE

Top Academic Guru

I will cover all the points which you have mentioned in your project details.

$34 Chat With Writer
Study Master

ONLINE

Study Master

I will cover all the points which you have mentioned in your project details.

$23 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Equity audits a practical leadership tool - Developmental psychology childhood and adolescence 9th edition pdf download - Nevertheless formal or informal - 5\2 - Characteristics of accounting information pdf - Speech on the importance of eating breakfast - Macbeth by peter moffat - Youth allowance student independent - Patricia benner novice to expert examples - Avon products inc 2009 case analysis - Excel chapter 4 grader project homework - Australian motor vehicle certification board - Networking short questions - Does mythica from skin wars have cancer - Suppose baa rated bonds currently yield - 12.4 early single celled organisms answer key - Free flashcards with pictures - Assessment week 2 - Example of community problems - Crisis communication plan - Discussion Urgent - 63-MS-Four - Eloqua landing page examples - Macy's believe campaign case study - What does macduff say when he sees duncan dead - 0482 std code district - Bbc dance typing mat - Safe framework suitability acceptability feasibility - American History Discussion - Assgn6 - What is a vivid verb - GC MGT605 Week 2 Assignent - How to cite the bible chicago bibliography - State diagram for online shopping system - Gibson pickup wiring diagram - Animal farm chapter 6 - Correlation coefficient calculator ti 84 - Body mass index pros and cons - Csu dubbo campus map - Shadow health focused exam cough - Format income statement in excel - Managing in a global economy - Arc flash calculation software - Journal 1 Non-for-profit - Project closure document sample - Vsim stan checketts - Black notice patricia cornwell pdf - Https greatergood berkeley edu quizzes ei_quiz take_quiz - Chapter 10 scarlet letter quotes - Research of nursing - Sue and sue cultural diversity - What might happen if business strategy was not the driver - Naap atmospheric retention answers - Cansat 2018 mission guide - Camshaft position actuator circuit bank 1 - How to calculate sxy in statistics - Slab built teapot template - Assignment - Lksjf - Netwitness categorizes and organizes traffic so that - Books of original entry questions and answers pdf - Essay in Harvard format - Green ox case study - Drive right chapter 18 review answers - Siemens financial services leasing - Do a brief market opportunity analysis for disney - A light flexible rope is wrapped several times - Proximate vs ultimate causes of behavior worksheet - Sam richards a radical experiment in empathy - Annotated Bibliography for the Article Review Final Paper - Indian camp summary - Ethnocentrism should be encouraged in international marketing - Matthew keong brisbane magistrates court - Byron bay cookies uk - 40 difficult words to pronounce - Week 9 Discussion Forum - Web application threat model example - Sunset cinema jenkins minnesota showtimes - Torque of a dipole - Swoboda v hero decks case brief - Constructing effective business messages part i - Vasa vidrieria argentina - Skills for care 2007 - Free osha 300 log excel - Six common misperceptions about teamwork - 2-3 paragraph Discussion - Question Due tomorrow - Eckardt electric tucker ga - Tag heuer connected user manual pdf - Pcpro a list printer - Studio arts study design - Metallgesellschaft ag a case study - Applicant tracking system pdf - On going home joan didion essay - Lta pedestrian overhead bridge - School screening in California d4 - Haunted house descriptive essay - A subordinate clause is - La salle benilde tuition fee - New orleans evacuation plan pre katrina