FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A manufacturer reports the following information below for its first three years in operation.
Year 1
$ 92,000
Variable costing income
Beginning finished goods inventory (units)
Ending finished goods inventory (units)
Fixed overhead per unit
Income for year 1 using absorption costing is:
Multiple Choice
O
O
O
O
O
$92,000.
$103,520.
$115,040.
$120,440.
$124,040.
< Prev
***********
0
960
$ 12.00
Year 2
$ 125,000
17 of 26
960
580
$ 12.00
33
Year 3
$ 131,000
580
0
$ 12.00
Next >
*********
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Transcribed Image Text:A manufacturer reports the following information below for its first three years in operation. Year 1 $ 92,000 Variable costing income Beginning finished goods inventory (units) Ending finished goods inventory (units) Fixed overhead per unit Income for year 1 using absorption costing is: Multiple Choice O O O O O $92,000. $103,520. $115,040. $120,440. $124,040. < Prev *********** 0 960 $ 12.00 Year 2 $ 125,000 17 of 26 960 580 $ 12.00 33 Year 3 $ 131,000 580 0 $ 12.00 Next > *********
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