Lia Corporation manufactures and sells a spice rack. Shown below are the actual operating results for the first two years of operations: Year 1 Year 2 Units (spice racks) produced 40,000 40,000 Units (spice racks) sold 37,000 41,000 Absorption costing net operating income. . P 44,000 P 52,000 Variable costing net operating income P 38,000 ??? The cost structure and selling price were the same for both years. What is the variable costing net operating income for Year 2? P 56,000 O P 54,000 AD 50.00

Lia Corporation manufactures and sells a spice rack. Shown below are the actual operating results for the first two years of operations: Year 1 Year 2 Units (spice racks) produced 40,000 40,000 Units (spice racks) sold 37,000 41,000 Absorption costing net operating income. . P 44,000 P 52,000 Variable costing net operating income P 38,000 ??? The cost structure and selling price were the same for both years. What is the variable costing net operating income for Year 2? P 56,000 O P 54,000 AD 50.00

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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