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Category > Accounting Posted 25 May 2017 My Price 7.00

Two years ago, Louise Wilow started a company to manufacture and sell cell phone accessories

 

Two years ago, Louise Wilow started a company to manufacture and sell cell phone accessories. Below are her selected actual operating results for the first two years of operations (her cost structure and selling prices were the same in year 1 and year 2). She allocates her fixed manufacturing overhead costs to the number of units produced in each year.

 

Year 1

Year 2

Units produced

45,000

45,000

Units sold

42,000

46,000

Absorption costing net operating income

??

??

Variable costing net operating income

$ 63,000

$ 79,000

Fixed selling & admin. Expense

$ 15,000

$ 15,000

Q: What was the absorption costing net operating income in year 1?

A. $ 79,000

B. $ 69,000               

C. $ 77, 000

D. $ 90, 000

E. None of the above

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 25 May 2017 01:05 PM My Price 7.00

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file 1495720628-Answer.docx preview (234 words )
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