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Year 1 financial data for the CBA Company is as follows: Under the absorption method, Year 1 Cost of Goods Sold will be A) 2,600,000 B) 2,950,000 C) 3,800,000 D) 3,060,000 Sales $5,800,000 Direct materials 800,000 Direct manufacturing labor 1,800,000 Variable manufacturing overhead 350,000 Fixed manufacturing overhead 850,000 Variable SG&A 110,000 Fixed SG&A 210,000 Training

Year 1 financial data for the CBA Company is as follows: Under the absorption method, Year 1 Cost of Goods Sold will be A) 2,600,000 B) 2,950,000 C) 3,800,000 D) 3,060,000 Sales $5,800,000 Direct materials 800,000 Direct manufacturing labor 1,800,000 Variable manufacturing overhead 350,000 Fixed manufacturing overhead 850,000 Variable SG&A 110,000 Fixed SG&A 210,000 Training

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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Year 1 financial data for the CBA Company is as follows: Under the absorption method, Year 1 Cost of Goods Sold will be A) 2,600,000 B) 2,950,000 C) 3,800,000 D) 3,060,000 Sales $5,800,000 Direct materials 800,000 Direct manufacturing labor 1,800,000 Variable manufacturing overhead 350,000 Fixed manufacturing overhead 850,000 Variable SG&A 110,000 Fixed SG&A 210,000 Training
Transcribed Image Text:Year 1 financial data for the CBA Company is as follows: Under the absorption method, Year 1 Cost of Goods Sold will be A) 2,600,000 B) 2,950,000 C) 3,800,000 D) 3,060,000 Sales $5,800,000 Direct materials 800,000 Direct manufacturing labor 1,800,000 Variable manufacturing overhead 350,000 Fixed manufacturing overhead 850,000 Variable SG&A 110,000 Fixed SG&A 210,000 Training
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