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Question 8. Assume the following information for a company that produced and sold 10,000 units during Year 1. It also produced 15,000 units and sold
Question 8. Assume the following information for a company that produced and sold 10,000 units during Year 1. It also produced 15,000 units and sold 12,000 units during Year 2, while producing 12,000 units and selling 15,000 units in Year 3. Using absorption costing, what is the net operating income for Year 3 ? Question 9. Assume that a company produced 10,000 units and sold 8,000 units during its first year of operations. It has also provided the following information: Fixed selling and administrative expense $250,000 If the company's unit product cost under absorption costing is $208, then what is the amount of fixed manufacturing overhead per year? Question 10. Assume that a company maintains no beginning or ending inventories and produces and sells 4,000 units of only one product for a price of $130 per unit. The company's variable manufacturing costs per unit are $80 and its fixed manufacturing overhead per unit is $24. Its variable selling and administrative expense is $12 per unit and its fixed selling and administrative expense is $45,400. What is the company's net operating income under absorption costing? Question 6. Assume the following information for a company that produced 10,000 units during its first year of operations and sold 8,000 units: If the company's absorption costing net operating income during its first year of operations was $63,000, what was its variable costing net operating income during its first year of operations? Question 7. Assume the following information for a company that produced 10,000 units during its first year of operations and sold 8,000 units and then produced 8,000 units and sold 10,000 units during its second year of operations: If the company's absorption costing net operating income during its second year of operations was $11,000, what was its variable costing net operating income or (loss) during its second year of operations? Question 3. Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Using variable costing, what is the company's net operating income? Question 4. Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Using absorption costing, what is the company's net operating income? Question 5. Assume a company has two divisions, G and H. The company's overall sales, overall contribution margin ratio, common fixed expenses, and net operating income are $500,000,48%, $50,000, and $10,000, respectively. Division G has a contribution margin of $180,000. If Division H has traceable fixed expenses of $80,000, then what is Division G 's segment margin? Question 1. Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Using absorption costing, what is the company's unit product cost? Question 2. Assume the following information for a company that produced and sold 10,000 units during its first year of operations: Using variable costing and based solely on the information provided, what is the company's contribution margin per unit
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