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of During Year 2, XYZ Inc. reported an absorption costing income from operations of $100,000. The following information is given to you with respect to
of During Year 2, XYZ Inc. reported an absorption costing income from operations of $100,000. The following information is given to you with respect to XYZ's Year 2 activity: - Beginning Inventories: 10,000 units (including $3 of fixed overhead per unit). During Year 2, XYZ Inc. produced and sold 90,000 and 95,000 units respectively. - Fixed overhead per unit on units produced during Year 2 amounted to $2.50 per unit. XYZ employs a FIFO (First-in First-out) approach to inventory sales. Based on the information provided, variable costing income from operations would have been: Select one: O O a. $82,500. b. $117,500. c. $112,500. d. $87,500. W
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