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GrayCell is in their first year of operations. GrayCell budgeted $40,000 of fixed manufacturing overhead, which they allocated over an activity base of 1,000 units. They actually produced 974 units, actually incurred $44,154 in fixed manufacturing overhead, and actually sold 891 Calculate the difference between absorption and variable income for GrayCell.

GrayCell is in their first year of operations. GrayCell budgeted $40,000 of fixed manufacturing overhead, which they allocated over an activity base of 1,000 units. They actually produced 974 units, actually incurred $44,154 in fixed manufacturing overhead, and actually sold 891 Calculate the difference between absorption and variable income for GrayCell.

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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GrayCell is in their first year of operations. GrayCell budgeted $40,000 of fixed manufacturing overhead, which they allocated over an activity base of 1,000 units. They actually produced 974 units, actually incurred $44,154 in fixed manufacturing overhead, and actually sold 891 Calculate the difference between absorption and variable income for GrayCell.
Transcribed Image Text:GrayCell is in their first year of operations. GrayCell budgeted $40,000 of fixed manufacturing overhead, which they allocated over an activity base of 1,000 units. They actually produced 974 units, actually incurred $44,154 in fixed manufacturing overhead, and actually sold 891 Calculate the difference between absorption and variable income for GrayCell.
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