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Craft Company produces a single product. Last year, the company had a net operating income of $83,560 using absorption costing and $76,900 using variable costing. The fixed manufacturing overhead cost was $6 per unit. There were no beginning inventories. If 25,300 units were produced last year, then sales last year were: a) 26,410 units b) 31,960 units c) 24,190 units d) 18,640 units

Craft Company produces a single product. Last year, the company had a net operating income of $83,560 using absorption costing and $76,900 using variable costing. The fixed manufacturing overhead cost was $6 per unit. There were no beginning inventories. If 25,300 units were produced last year, then sales last year were: a) 26,410 units b) 31,960 units c) 24,190 units d) 18,640 units

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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Craft Company produces a single product. Last year, the company had a net operating income of $83,560 using absorption costing and $76,900 using variable costing. The fixed manufacturing overhead cost was $6 per unit. There were no beginning inventories. If 25,300 units were produced last year, then sales last year were: a) 26,410 units b) 31,960 units c) 24,190 units d) 18,640 units
Transcribed Image Text:Craft Company produces a single product. Last year, the company had a net operating income of $83,560 using absorption costing and $76,900 using variable costing. The fixed manufacturing overhead cost was $6 per unit. There were no beginning inventories. If 25,300 units were produced last year, then sales last year were: a) 26,410 units b) 31,960 units c) 24,190 units d) 18,640 units
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