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A manufacturer reports the following information below for its first three years in operation. Year 1 $ 92,000 Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed overhead per unit Income for year 1 using absorption costing is: о Multiple Choice $92,000. $103,520. $115,040. $120,440. $124,040. < Prev 0 960 $ 12.00 Year 2 $ 125,000 17 of 26 960 580 $ 12.00 ‒‒‒ - 身 Year 3 $ 131,000 580 0 $ 12.00 Next >

A manufacturer reports the following information below for its first three years in operation. Year 1 $ 92,000 Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed overhead per unit Income for year 1 using absorption costing is: о Multiple Choice $92,000. $103,520. $115,040. $120,440. $124,040. < Prev 0 960 $ 12.00 Year 2 $ 125,000 17 of 26 960 580 $ 12.00 ‒‒‒ - 身 Year 3 $ 131,000 580 0 $ 12.00 Next >

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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A manufacturer reports the following information below for its first three years in operation. Year 1 $ 92,000 Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed overhead per unit Income for year 1 using absorption costing is: Multiple Choice O O O O O $92,000. $103,520. $115,040. $120,440. $124,040. < Prev *********** 0 960 $ 12.00 Year 2 $ 125,000 17 of 26 960 580 $ 12.00 33 Year 3 $ 131,000 580 0 $ 12.00 Next > *********
Transcribed Image Text:A manufacturer reports the following information below for its first three years in operation. Year 1 $ 92,000 Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed overhead per unit Income for year 1 using absorption costing is: Multiple Choice O O O O O $92,000. $103,520. $115,040. $120,440. $124,040. < Prev *********** 0 960 $ 12.00 Year 2 $ 125,000 17 of 26 960 580 $ 12.00 33 Year 3 $ 131,000 580 0 $ 12.00 Next > *********
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