Question
Moody Manufacturing Inc. reported $56798 of operating income for the year by using variable costing. The following information also pertains to the current year: Beginning
| Moody Manufacturing Inc. reported $56798 of operating income for the year by using variable costing. The following information also pertains to the current year: | |||
| Beginning inventory | 0 | ||
| Production | 27199units | ||
| Sales | 21124 units | ||
| Variable manufacturing cost per unit | $15 per unit | ||
| Fixed manufacturing overhead | $183755 | ||
| What is the operating income under absorption costing? |
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
