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costing net operating income

costing net operating income

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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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 expense Fixed expenses per year: Fixed manufacturing overhead Fixed selling and administrative expense What was the absorption costing net operating income last year? 0 100,000 98,000 $ 10.00 $ 1.50 $ 2.50 $ 1.00 $ 2.00 $200,000 $ 50,000
Transcribed Image Text: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 expense Fixed expenses per year: Fixed manufacturing overhead Fixed selling and administrative expense What was the absorption costing net operating income last year? 0 100,000 98,000 $ 10.00 $ 1.50 $ 2.50 $ 1.00 $ 2.00 $200,000 $ 50,000
O $50,000 $44,000 $48,000 $49,000
Transcribed Image Text:O $50,000 $44,000 $48,000 $49,000
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