Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Questions 8 and 9 use the information that follows. Carrolton Inc. manufactured 5,000 units of products during this month, and sold 4,000 units of products.

image text in transcribed
image text in transcribed
Questions 8 and 9 use the information that follows. Carrolton Inc. manufactured 5,000 units of products during this month, and sold 4,000 units of products. The price of this product is $500. There is no beginning balance in Finished Goods Inventory. Following data have been summarized: boooX 47000 - Zooooooo Direct Materials Direct Labor Variable manufacturing Overhead Fixed manufacturing Overhead Fixed S&A costs $150 per unit $75 per unit $20 per unit $110,000 $116,000 8. What is Operating income of the company for this month (Based on Absorptio System)? a. 932,000 b. 2,000,000 c. 850,000 d. 816,000 9. What is Finished Goods Inventory ending Balance (Based on Absorption Costing System)? a. 245,000 b. 267,000 c. 107,000 d. 65,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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