FIN  MANAG. ACCT. (LL) W/CONNECT (1TERM)
FIN MANAG. ACCT. (LL) W/CONNECT (1TERM)
9th Edition
ISBN: 9781266573859
Author: Wild
Publisher: MCG
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Chapter 11, Problem 16QS
To determine

Concept Introduction:

Shares outstanding: Shares outstanding describe the stock of a corporation that each shareholder currently owns. In order to determine important measures such as market capitalization, profits per share, cash flow per share, etc. the number of outstanding shares is taken into consideration.

The number of shares outstanding.

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Craft Company produces a single product. Last year, the company had a net operating income of $104,960 using absorption costing and $83,000 using variable costing. The fixed manufacturing overhead cost was $12 per unit. There were no beginning inventories. If 29,600 units were produced last year, then sales last year were: a. 7,640 units b. 51,560 units c. 31,430 units d. 27,770 units

Chapter 11 Solutions

FIN MANAG. ACCT. (LL) W/CONNECT (1TERM)

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