I need answer of this question solution general accounting A company reports sales of $260,000, wages totalling $100,000 forproduction workers, and the plant manager's salary of $75,000. UPSshipping charges $1,000.Under the absorption costing method, the income from operationsisA) $85,000B) $160,000C) $84,000D) None of the above

Step 1: Define Absorption CostingUnder absorption costing, the product cost includes the variable…

Answered: A company reports sales of $260,000,…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 1CP

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A company reports sales of $260,000, wages totalling $100,000 for production workers, and the plant manager's salary of $75,000. UPS shipping charges $1,000. Under the absorption costing method, the income from operations is A) $85,000 B) $160,000 C) $84,000 D) None of the above