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06 F Belle Company's product is sold for $72 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $280,000 per year. Compute the net income under absorption costing. Multiple Choice $72,000 $273,200 $386,000 $226,800 $93,200

06 F Belle Company's product is sold for $72 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $280,000 per year. Compute the net income under absorption costing. Multiple Choice $72,000 $273,200 $386,000 $226,800 $93,200

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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06 F Belle Company's product is sold for $72 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $280,000 per year. Compute the net income under absorption costing. Multiple Choice $72,000 $273,200 $386,000 $226,800 $93,200
Transcribed Image Text:06 F Belle Company's product is sold for $72 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $280,000 per year. Compute the net income under absorption costing. Multiple Choice $72,000 $273,200 $386,000 $226,800 $93,200
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