The Hoops Corporation manufactures and sells hula hoops. The following data is related to sales and production of the hula hoops for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year Using variable costing, what is the operating income for last year? A. $312,000 B. $1,260,000 C. $469,000 D. $155,000 $8.40 $1.87 $4.45 $76,000 $81,000 530,000 150,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The Hoops Corporation manufactures and sells hula hoops. The following data is related to sales and production of the hula hoops
for last year.
Selling price per unit
Variable manufacturing costs per unit
Variable selling and administrative expenses per unit
Fixed manufacturing overhead (in total)
Fixed selling and administrative expenses (in total)
Units produced during the year
Units sold during year
Using variable costing, what is the operating income for last year?
A. $312,000
B. $1,260,000
C. $469,000
D. $155,000
$8.40
$1.87
$4.45
$76,000
$81,000
530,000
150,000
Transcribed Image Text:The Hoops Corporation manufactures and sells hula hoops. The following data is related to sales and production of the hula hoops for last year. Selling price per unit Variable manufacturing costs per unit Variable selling and administrative expenses per unit Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year Using variable costing, what is the operating income for last year? A. $312,000 B. $1,260,000 C. $469,000 D. $155,000 $8.40 $1.87 $4.45 $76,000 $81,000 530,000 150,000
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