Under the absorption method, Year 1 cost of good sold will be ? Under the absorption method, Year 1 cost of goods sold will beOA. $3,290,000B. $3,650,000OC. $2,600,000D. $3,150,000text pagesCalculatorYear 1 financial dataSalesDirect materialsDirect manufacturing laborVariable manufacturing overheadFixed manufacturing overheadVariable SG&AFixed SG&APrintDone$4,000,0001,000,0001,600,000550,000500,000140,000260,000- XClear

Absorption costing: -· Product Cost under Absorption costing includes direct material cost,…

Answered: nder the absorption method, Year 1 cost…

Business

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nder the absorption method, Year 1 cost of good sold will be

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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Question

Under the absorption method, Year 1 cost of good sold will be ?

Under the absorption method, Year 1 cost of goods sold will be
OA. $3,290,000
B. $3,650,000
OC. $2,600,000
D. $3,150,000
text pages
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Year 1 financial data
Sales
Direct materials
Direct manufacturing labor
Variable manufacturing overhead
Fixed manufacturing overhead
Variable SG&A
Fixed SG&A
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4,000,000
1,000,000
1,600,000
550,000
500,000
140,000
260,000
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