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FILL IN THE BLANKS drop down menu Answer options: 2. Haffner Company has 90 units in Finished Goods Inventory at the beginning of the accounting
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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 100 | Variable costing Total product cost per unit Calculate the operating income for the year using absorption costing Absorption costing Net Sales Revenue 51300 27000 Cost of Goods Sold Gross Profit 24300 7800 Fixed Selling and Administrative Expenses 16500 Operating Income Calculate the operating income for the year using variable costing. Calculate the operating income for the year using variable costing. Variable costing Operating Income Calculate the operating income for the year using variable costing. Variable 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 Cost t fields and thenStep by Step Solution
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