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A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 137,000 $ 143,200 $ 141,450
A manufacturer reports the information below for three recent years.
| Year 1 | Year 2 | Year 3 | |||||||
| Variable costing income | $ | 137,000 | $ | 143,200 | $ | 141,450 | |||
| Beginning finished goods inventory (units) | 0 | 2,100 | 1,600 | ||||||
| Ending finished goods inventory (units) | 2,100 | 1,600 | 1,700 | ||||||
| Fixed manufacturing overhead per unit | $ | 1.60 | $ | 1.60 | $ | 1.60 | |||
Compute income for each of the three years using absorption costing.
ABSORPTION COSTING INCOME FOR YEAR 1 YEAR 2 and YEAR 3
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Operations And Supply Chain Management
Authors: F. Robert Jacobs, Richard Chase
14th Edition
287
