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Pat and Riley own a business that manufactures hair extensions. Information for the last three years about their most popular style is provided below. Selling price Variable manufacturing costs Variable selling and admin costs Fixed manufacturing costs Fixed selling and admin costs Per Unit O $12,500 O $75,000 O $(75,000) O $0 $123.00 $31.00 $4.00 $15.00 $2.50 Year 1 15,000 10,000 Year 2 Production (units) 15, 000 Sales (units) 10, 000 If they used absorption costing, how much fixed manufacturing cost would be deferred in Year 2? Year 3 10, 000 15, 000

Pat and Riley own a business that manufactures hair extensions. Information for the last three years about their most popular style is provided below. Selling price Variable manufacturing costs Variable selling and admin costs Fixed manufacturing costs Fixed selling and admin costs Per Unit O $12,500 O $75,000 O $(75,000) O $0 $123.00 $31.00 $4.00 $15.00 $2.50 Year 1 15,000 10,000 Year 2 Production (units) 15, 000 Sales (units) 10, 000 If they used absorption costing, how much fixed manufacturing cost would be deferred in Year 2? Year 3 10, 000 15, 000

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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Effects Pat and Riley own a business that manufactures hair extensions. Information for the last three years about their most popular style is provided below. Selling price Variable manufacturing costs Variable selling and admin costs Fixed manufacturing costs Fixed selling and admin costs Production (units) Sales (units) O $12,500 O $75,000 Per Unit $(75,000) $0 $123.00 $31.00 $4.00 $15.00 $2.50 Year 1 15, 000 10,000 Year 2 15, 000 10, 000 If they used absorption costing, how much fixed manufacturing cost would be deferred in Year 2? Year 3 10, 000 15, 000
Transcribed Image Text:Effects Pat and Riley own a business that manufactures hair extensions. Information for the last three years about their most popular style is provided below. Selling price Variable manufacturing costs Variable selling and admin costs Fixed manufacturing costs Fixed selling and admin costs Production (units) Sales (units) O $12,500 O $75,000 Per Unit $(75,000) $0 $123.00 $31.00 $4.00 $15.00 $2.50 Year 1 15, 000 10,000 Year 2 15, 000 10, 000 If they used absorption costing, how much fixed manufacturing cost would be deferred in Year 2? Year 3 10, 000 15, 000
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