Tucker, Inc. has collected the following data: Units produced Beginning Inventory Units sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 220 units 200 units 290 units $360 per unit $52 per unit $24 per unit $15 per unit $660 per year $5 per unit $14,900 per year What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A. $60,790 OB. $76,560 OC. $77,140 OD. $61,660
Tucker, Inc. has collected the following data: Units produced Beginning Inventory Units sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 220 units 200 units 290 units $360 per unit $52 per unit $24 per unit $15 per unit $660 per year $5 per unit $14,900 per year What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A. $60,790 OB. $76,560 OC. $77,140 OD. $61,660
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Tucker, Inc. has collected the following data:
Units produced
Beginning Inventory
Units sold
Sales price
Direct materials
Direct labor
Variable manufacturing overhead
Fixed manufacturing overhead
Variable selling and administrative costs
Fixed selling and administrative costs
220 units
200 units
290 units
$360 per unit
$52 per unit
$24 per unit
$15 per unit
$660 per year
$5 per unit
$14,900 per year
What is the operating income using absorption costing? (Round any intermediate calculations to the
nearest cent, and your final answer to the nearest dollar.)
A. $60,790
OB. $76,560
OC. $77,140
OD. $61,660
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