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Drop down menu options: 2. Haffner Company has 90 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period,
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2. Haffner Company has 90 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period, Haffner produced 180 units and sold 270 units for $190 each. All units incurred $85 in variable manufacturing costs and $15 in fixed manufacturing costs. Haffner also incurred $7,800 in Selling and Administrative Costs, all fixed. Calculate the operating income for the year using absorption costing and variable costing. Calculate the total product cost per unit produced under absorption costing and under variable costing. Absorption costing Variable costing Total product cost per unit Calculate the operating income for the year using absorption costing. Absorption costing Contribution Margin Cost of Goods Sold Finished Goods Inventory, Ending Fixed Manufacturing Costs Fixed Selling and Administrative Expenses Gross Profit Net Sales Revenue Variable Costs
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