->ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external_browser30&launchUrl=https%253A%252F%252Flms.mheducation.com%252FGiven the following:Selling priceUnits in beginning inventoryUnits produced$1520.9,4509,050Units soldUnits in ending inventory4006:55Variable costs per unit:Direct materials$ 28$70Direct laborVariable manufacturing overheadVariable selling and administrative expenseFixed costs:$16$20Fixed manufacturing overheadFixed selling and administrative expense$141,750$ 9,800What is the net operating income for the month under absorption costing?Multiple Choice$6,000$34,250$11.350$17.350< Prev28 of 50田xt >

There are two type of costing method followed by the entities. (1) Variable costing method (2)…

Given the following: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory $152 9,450 9,050 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 28 $ 70 $ 16 $ 20 $141,750 $ 9,800 What is the net operating income for the month under absorption costing? Multiple Choice $6.000 $34,250 $11,350 $17.350

Given the following: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory $152 9,450 9,050 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 28 $ 70 $ 16 $ 20 $141,750 $ 9,800 What is the net operating income for the month under absorption costing? Multiple Choice $6.000 $34,250 $11,350 $17.350

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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Front Company had net income of $88,500 based on variable costing. Beginning and ending inventories were 2,400 units and 4,400 units, respectively. Assume the fixed overhead per unit was $8.70 for both the beginning and ending inventory. What is net income under absorption costing? Multiple Choice • 89,700 • $29,340 $147,660 S105,900 • S71,100
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