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-ixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory O $126,000 The net operating income (loss) under absorption costing in Year 1 is closest to: O $2,000 O $96,000 4 O $26,000 A $ 55 $70 Year 1 Y 03 9,000 8 6,000 9 3,000 2

-ixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory O $126,000 The net operating income (loss) under absorption costing in Year 1 is closest to: O $2,000 O $96,000 4 O $26,000 A $ 55 $70 Year 1 Y 03 9,000 8 6,000 9 3,000 2

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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Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory The net operating income (loss) under absorption costing in Year 1 is closest to: O $126,000 O $2,000 O $96,000 O $26,000 ng price per unit ufacturing costs: ble manufacturing cost per unit produced: it materials it labor ble manufacturing overhead I manufacturing overhead per year ng and administrative expenses: ble selling and administrative expense per unit sold I selling and administrative expense per year in beginning inventory ; produced during the year : sold during the year in ending inventory $72 O Search $ $70 Year 1 Yo 03 9,000 8 6,000 9 3,000 2 het operating income (loss) under absorption costing in Year 1 is st to: $ LA LA LA LA $ $ $ 50 10 6 5 $72,000 $ $70,000 5 Year 1 Year 2 0 3,000 9,000 8,000 6,000 9,000 3,000 2,000
Transcribed Image Text:Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory The net operating income (loss) under absorption costing in Year 1 is closest to: O $126,000 O $2,000 O $96,000 O $26,000 ng price per unit ufacturing costs: ble manufacturing cost per unit produced: it materials it labor ble manufacturing overhead I manufacturing overhead per year ng and administrative expenses: ble selling and administrative expense per unit sold I selling and administrative expense per year in beginning inventory ; produced during the year : sold during the year in ending inventory $72 O Search $ $70 Year 1 Yo 03 9,000 8 6,000 9 3,000 2 het operating income (loss) under absorption costing in Year 1 is st to: $ LA LA LA LA $ $ $ 50 10 6 5 $72,000 $ $70,000 5 Year 1 Year 2 0 3,000 9,000 8,000 6,000 9,000 3,000 2,000
Mandato Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year $ LA LA LA LA $ $ $ $72 $ LA LA $70
Transcribed Image Text:Mandato Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year $ LA LA LA LA $ $ $ $72 $ LA LA $70
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