Assume the following information for a company that produced 10,000 units during its first year of operations and sold 8,000 units: Per Unit Per Year $ 75 $ 50 $ 10 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead If the company's absorption costing net operating income during its first year of operations was $64,000, what was its variable costing net operating income during its first year of operations? Multiple Choice $24,000 $4,000 $124,000 $ 300,000 $104,000

Assume the following information for a company that produced 10,000 units during its first year of operations and sold 8,000 units: Per Unit Per Year $ 75 $ 50 $ 10 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead If the company's absorption costing net operating income during its first year of operations was $64,000, what was its variable costing net operating income during its first year of operations? Multiple Choice $24,000 $4,000 $124,000 $ 300,000 $104,000

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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