Swamp Corp. manufactures multiple product lines. Last year, its variable costing net operating income was $162,000, and its inventory decreased by 4,200 units. The fixed manufacturing overhead cost was $14 per unit. What was the absorption costing net operating income last year?

Swamp Corp. manufactures multiple product lines. Last year, its variable costing net operating income was $162,000, and its inventory decreased by 4,200 units. The fixed manufacturing overhead cost was $14 per unit. What was the absorption costing net operating income last year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 16DQ

See similar textbooks

Related questions

Q: Roberts Appliances has a refrigerator division and a microwave division. Of a $19,800,000 bond…

A: To determine which corporate costs should be allocated to the divisions, we need to consider the…

Q: On October 1, 2024, Redmayne Corp. reported Retained Earnings of $567,000. During the month,…

A: Explanation of Retained Earnings:Retained earnings represent the cumulative amount of net income…

Q: Please give me true answer this financial accounting question

A: Step 1: Define Shares OutstandingShares Outstanding refers to the total number of shares of a…

Q: Hello tutor please provide correct answer general accounting question with correct solution do fast

A: Step 1: Definition of Future ValueFuture Value (FV) refers to the amount of money an investment will…

Q: I am looking for a reliable way to solve this financial accounting problem using accurate…

A: Step 1: Definition of Dollar Sales to Earn Target IncomeDollar Sales to Earn Target Income refers to…

Q: Pay in taxes for this employee benefit ? Financial accounting

A: Step 1: Definition of Taxable Employee BenefitA taxable employee benefit refers to any non-cash or…

Q: I'm waiting for answer

A: Question A. The actual variable overhead rate is found by dividing the actual variable overhead…

Q: Short solution...???

A: The first step in calculating the applied overhead is to determine the predetermined overhead rate.…

Q: I need assistance with this general accounting question using appropriate principles.

A: Step 1: Definition of Haircut in a Repo AgreementA haircut in a repurchase (repo) agreement refers…

Q: Can you explain the correct approach to solve this general accounting question?

A: Step 1: Definition of Direct Materials Cost VarianceDirect Materials Cost Variance is the difference…

Q: What are the total production costs

A: Explanation of Variable Costs:Variable costs are expenses that change directly in proportion to the…

Q: Sullivan Manufacturing uses direct labor hours in its predetermined overhead rate. At the beginning…

A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a budgeted rate used…

Q: general accounting question

A: Step 1: Define Net IncomeNet income represents the total profit of a company after subtracting all…

Q: Please explain the solution to this general accounting problem with accurate explanations.

A: Step 1: Definition of Variable Costing vs. Absorption CostingVariable Costing assigns only variable…

Q: What is the current cash flow? Financial accounting

A: Step 1: Definition of Cash FlowCash flow refers to the net amount of cash and cash equivalents…

Q: I need guidance with this general accounting problem using the right accounting principles.

A: Step 1: Define Absorption Cost per UnitAbsorption costing includes all variable and fixed…

Q: need help this correct option

A: Step 1: Definition of Variable Expense per UnitThe variable expense per unit is the cost that varies…

Q: Provide answer

A: Step 1: Calculate Estimated Uncollectible AccountsEstimated uncollectible = 6.5% of credit sales=…

Q: Net income is $145,000, accounts payable increased $12,000 during the year, inventory decreased…

A: Concept of Net Income:Net income represents the profit a company earns after deducting all expenses,…

Q: What amount of gain does he have to report on this sale?

A: Step 1: Definition Concept of Gifted Property Basis for Tax Purposes:When property is received as a…

Q: Can you demonstrate the accurate method for solving this financial accounting question?

A: Step 1: Define Manufacturing Overhead ApplicationManufacturing overhead is applied to jobs based on…

Q: 4 POINTS

A: Definition of Direct Labor Cost Variance:Direct labor cost variance is the difference between the…

Q: Please explain how to solve this financial accounting question with valid financial principles.

A: Step 1: Definition of Total Dollar ReturnThe total dollar return from an investment is the sum of…

Q: Please show me the correct way to solve this financial accounting problem with accurate methods.

A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that…

Q: Kantor Co. had installment sales of $1,200,000 and cost of installment sales of $900,000 in 2005. A…

A: Explanation of Installment Sales: Installment sales represent transactions where the buyer makes…

Q: ???

A: Problem 1:Cost Formula: $19,500 + ($7.25 × machine hours)Machine hours = 5,800Budgeted Maintenance…

Q: Calculate the gross profit.

A: Definition of Gross Profit:Gross profit is the amount a company earns from its core operations,…

Q: The fixed overhead deferred in ending inventory is

A: Explanation of Absorption Costing:Absorption costing is a method of product costing in which all…

Q: Please provide the correct answer to this general accounting problem using accurate calculations.

A: Step 1: Definition of Amortization and DepreciationAmortization and depreciation are accounting…

Q: I need help with this general accounting question using standard accounting techniques.

A: Step 1: Definition of Net IncomeNet Income is the total profit of a company after all expenses have…

Q: I am searching for the accurate solution to this general accounting problem with the right approach.

A: Step 1: Definition of Actual Return on Plan AssetsActual Return on Plan Assets is the income…

Q: I need help with this general accounting question using the proper accounting approach.

A: Step 1: Definition of Break-even SalesBreak-even sales represent the amount of sales revenue needed…

Q: Full solution..???

Q: Please provide the accurate answer to this general accounting problem using valid techniques.

A: Step 1: Define Future Value (FV)Future value (FV) refers to the value of an investment or deposit at…

Q: Given solution for General accounting question not use ai

A: Step 1: Define Retained EarningsRetained earnings represent the portion of net income that a company…

Q: On January 1, 20X1, Pinnatek Inc., which uses the straight-line method, purchases a machine for…

A: Concept of Straight-Line Depreciation:Straight-line depreciation is a method used to allocate the…

Q: I am searching for the accurate solution to this general accounting problem with the right approach.

A: Step 1: Definition of Depreciation Expense (Double-Declining Balance Method)The double-declining…

Q: I need help solving this general accounting question with the proper methodology.

A: Step 1: Definition of Variable CostingUnder variable costing, only variable manufacturing costs…

Q: I need help with this financial accounting question using the proper accounting approach.

A: Step 1: DefinitionDiscounted Payback Period The discounted payback period is the time it takes for a…

Q: Diane Fabrics has a magnitude of operating leverage of 2 at a sales level of $320,000. If sales…

A: Understanding the Concepts What is Operating Leverage?Operating leverage is essentially about how a…

Q: Calculate variablecost and contribution margin ration ? Financial accounting

A: Step 1: Definition of Contribution Margin RatioThe contribution margin ratio represents the…

Q: Please explain the solution to this general accounting problem with accurate principles.

A: Step 1: Determine the predetermined overhead rateFormula:Predetermined Overhead Rate = Estimated…

Q: Please explain the correct approach for solving this general accounting question.

A: Step 1: Definition of Return on Equity (ROE)The Return on Equity (ROE) measures the profitability of…

Q: Financial Accounting Question

A: The first step in this challenge is to understand the Net Sales Formula Net Sales=Total Sales−Sales…

Q: what is the sustainable growth rate?

A: To find the sustainable growth rate (SGR), we use the formula:SGR = ROE × (1 - Payout Ratio)But…

Q: Please explain the correct approach for solving this general accounting question.

A: Step 1: Definition of Fixed CostFixed costs are costs that do not change with the level of activity,…

Q: Can you provide the accurate answer to this financial accounting question using correct methods?

A: Provided Data:Sales = $95 billionNet Income = $38 billionTotal Assets = $250 billionDebt-to-Total…

Q: What is the amount of sales that will be necessary to earn the desired profit?

A: Summary Answer: Contribution Margin per unit = $8.00 - $4.00 = $4.00Required Sales (units)…

Q: Please provide problem with accounting question

A: Step 1: Introduction to intangible assetsIntangible assets are non-physical assets that have no…

Q: Help

A: Problem 1:Cost Formula: $19,500 + ($7.25 × machine hours)Machine hours = 5,800Budgeted Maintenance…

Question

100%

What was the absorption costing net operating income last year?

Swamp Corp. manufactures multiple product lines.
Last year, its variable costing net operating income
was $162,000, and its inventory decreased by
4,200 units. The fixed manufacturing overhead cost
was $14 per unit. What was the absorption costing
net operating income last year?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Last year, Heidenescher Corporation’s variable costing net operating income was $63,600 and its inventory decreased by 600 Fixed manufacturing overhead cost was $1 per unit. What was the absorption costing net operating income last year?
Rede Inc. manufactures a single product. Variable costing net operating income was $63,800 last year and its inventory decreased by 300 units. Fixed manufacturing overhead cost was $4 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year? (Financial Account)
Caldwell Industries manufactures a variety of products. Last year, the company's variable costing net operating income was $78,500, and ending inventory increased by 1,200 units. Fixed manufacturing overhead cost per unit was $4. Determine the absorption costing net operating income for last year.Solve this
Net operating income last year?
Caldwell Industries manufactures a variety of products. Last year, the company's variable costing net operating income was $78,500, and ending inventory increased by 1,200 units. Fixed manufacturing overhead cost per unit was $4. Determine the absorption costing net operating income for last year.
Need help with this accounting question
Please given answer Accounting question
What was the net absorption costing?
Can you solve this general accounting question with the appropriate accounting analysis techniques?
What is the absorption costing net operating income for last year on these general accounting question?
Please solve this question general accounting
Crescent Manufacturing produces a single product. Last year, the company had a net operating income of $102,400 using absorption costing and $94,100 using variable costing. The fixed manufacturing overhead cost was $5 per unit. There were no beginning inventories. If 32,000 units were produced last year, then sales last year were_. ?