company manufactures a single product. The following data pertain to the company's operations over the last two years: Variable costing net operating income, Year 1 $82,700 Variable costing net operating income, Year 2 87,800 $ 0 units Beginning inventory, Year 11 Ending Inventory, Year 1 Ending inventory, Year 2 Fixed manufacturing overhead cost per unit both Year 1 and Year 2 Calculate the absorption costing net operating income for Year 2 by completing the table below. Use "NA" in the box(es) that are le Year 2 ? ? Variable Costing net operating income Fixed manufacturing overhead deferred Fixed manufacturing overhead released ? Absorption costing net operating income ? 900 units 500 units $2 per unit
company manufactures a single product. The following data pertain to the company's operations over the last two years: Variable costing net operating income, Year 1 $82,700 Variable costing net operating income, Year 2 87,800 $ 0 units Beginning inventory, Year 11 Ending Inventory, Year 1 Ending inventory, Year 2 Fixed manufacturing overhead cost per unit both Year 1 and Year 2 Calculate the absorption costing net operating income for Year 2 by completing the table below. Use "NA" in the box(es) that are le Year 2 ? ? Variable Costing net operating income Fixed manufacturing overhead deferred Fixed manufacturing overhead released ? Absorption costing net operating income ? 900 units 500 units $2 per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![A company manufactures a single product. The following data pertain to the company's operations over the last two years:
Variable costing net operating income, Year 1
Variable costing net operating income, Year 2
Beginning inventory, Year 1
Ending Inventory, Year 1
Ending inventory, Year 2
Fixed manufacturing overhead cost per unit both Year 1 and
Year 2
$ 82,700
$ 87,800
0 units
Year 2
?
?
Variable Costing net operating income
Fixed manufacturing overhead deferred
Fixed manufacturing overhead released ?
Absorption costing net operating income ?
900 units
500 units
$2 per unit
Calculate the absorption costing net operating income for Year 2 by completing the table below. Use "NA" in the box(es) that are left blank](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8cfec63f-bac7-45a5-9732-612484256f65%2F57c0526d-0309-4ae2-a7ad-a7de0b34df5e%2Fte3hf2t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A company manufactures a single product. The following data pertain to the company's operations over the last two years:
Variable costing net operating income, Year 1
Variable costing net operating income, Year 2
Beginning inventory, Year 1
Ending Inventory, Year 1
Ending inventory, Year 2
Fixed manufacturing overhead cost per unit both Year 1 and
Year 2
$ 82,700
$ 87,800
0 units
Year 2
?
?
Variable Costing net operating income
Fixed manufacturing overhead deferred
Fixed manufacturing overhead released ?
Absorption costing net operating income ?
900 units
500 units
$2 per unit
Calculate the absorption costing net operating income for Year 2 by completing the table below. Use "NA" in the box(es) that are left blank
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