Clarkson, Incorporated, a company that produces a single product: Units in beginning inventory Units produced Units sold Selling price per unit Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed expenses per year: Fixed manufacturing overhead Fixed selling and administrative expense 100,000 98,000 10.00 1.50 2.50 1.00 2.00 $200,000 50,000

Clarkson, Incorporated, a company that produces a single product: Units in beginning inventory Units produced Units sold Selling price per unit Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed expenses per year: Fixed manufacturing overhead Fixed selling and administrative expense 100,000 98,000 10.00 1.50 2.50 1.00 2.00 $200,000 50,000

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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Question

Please do not give solution in image format thanku

4- The following data pertain to last year's operations at
Clarkson, Incorporated, a company that produces a single product:
Units in beginning inventory
Units produced
Units sold
Selling price per unit
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expenses
100,000
98,000
10.00
1.50
2.50
1.00
2.00
Fixed expenses per year:
Fixed manufacturing overhead
$200,000
Fixed selling and administrative expense 50,000
What was the absorption costing net operating income last year?
A) $44,000
B) $48,000
C) $50,000
D) $49,000

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