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Question: Craft Company produces a single product. Last year, the company had a net operating income of $93,800 using absorption costing and $81,600 using variable costing. The fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 28,000 units were produced last year, then sales last year were: A) 15,800 units B) 26,780 units C) 40,200 units D) 29,220 units

Question: Craft Company produces a single product. Last year, the company had a net operating income of $93,800 using absorption costing and $81,600 using variable costing. The fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 28,000 units were produced last year, then sales last year were: A) 15,800 units B) 26,780 units C) 40,200 units D) 29,220 units

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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Question: Craft Company produces a single product. Last year, the company had a net operating income of $93,800 using absorption costing and $81,600 using variable costing. The fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 28,000 units were produced last year, then sales last year were: A) 15,800 units B) 26,780 units C) 40,200 units D) 29,220 units
Transcribed Image Text:Question: Craft Company produces a single product. Last year, the company had a net operating income of $93,800 using absorption costing and $81,600 using variable costing. The fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 28,000 units were produced last year, then sales last year were: A) 15,800 units B) 26,780 units C) 40,200 units D) 29,220 units
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