FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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COTB MC Qu. 6-67 (Algo) Assume the following information for a...
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 $73,000, what was its variable costing net operating income during its first year of operations?
Multiple Choice
O
O
$33,000
$113,000
$133.000
$ 300,000
$13,000
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Transcribed Image Text:COTB MC Qu. 6-67 (Algo) Assume the following information for a... 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 $73,000, what was its variable costing net operating income during its first year of operations? Multiple Choice O O $33,000 $113,000 $133.000 $ 300,000 $13,000
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