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 $8.3 Variable manufacturing costs per unit Variable selling and administrative expenses per unit $1.86 $4.85 $76,000 $81,000 520,000 190,000 Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year Using absorption costing, what is operating income for last year? (Round any intermediary calculations to the nearest cent) OA. $273,600 OB. $1,577,000 OC. $192,600 OD. $1,195,100

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 $8.3 Variable manufacturing costs per unit Variable selling and administrative expenses per unit $1.86 $4.85 $76,000 $81,000 520,000 190,000 Fixed manufacturing overhead (in total) Fixed selling and administrative expenses (in total) Units produced during the year Units sold during year Using absorption costing, what is operating income for last year? (Round any intermediary calculations to the nearest cent) OA. $273,600 OB. $1,577,000 OC. $192,600 OD. $1,195,100

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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