Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marigold sells its product for $82 per unit. During 2025 , it produced 120800 units and sold 105100 units. Costs per unit are: direct materials

image text in transcribed

Marigold sells its product for $82 per unit. During 2025 , it produced 120800 units and sold 105100 units. Costs per unit are: direct materials $24, direct labor $9, variable overhead $4, and variable operating expenses $2. Fixed costs are $724800 manufacturing overhead, and $77000 operating expenses. Assuming no variances were reported, no beginning inventory exists, and the company uses absorption costing, what will be reported as operating income? $3317600$3811700$3527800$3706600

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting And Finance For Non Specialists

Authors: Eddie McLaney, Peter Atrill

8th Edition

9780273778165

More Books

Students also viewed these Accounting questions

Question

What are the organizations task goals on this issue?

Answered: 1 week ago