Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question Completion Status: Question 14 2 points Save Ariswer Pyramid Wines Equipment sells its product for $11,000 per unit. The variable costs per unit as

image text in transcribed
Question Completion Status: Question 14 2 points Save Ariswer Pyramid Wines Equipment sells its product for $11,000 per unit. The variable costs per unit as follows: manufacturing, $6,000; and selling and administrative, $125. The fixed costs are: $30,000 manufacturing overhead, and $40,000 selling and administrative. Beginning Inventory is nil at 1/1/18. Production was 20 units per year in 2018-2020. For each of the following year the sales are as follows: 20 units in 2018, 16 units in 2014 and 24 units in 2020. Income under absorption costing for 2019 is A. $8.000 B. $16,000 C. $22.000 D. $14,000 Activate Windows

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

Students also viewed these Accounting questions