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Required information The Chapter 6 Form worksheet is to be used to create your own worksheet version of the Review Proble text. 2. Change
Required information The Chapter 6 Form worksheet is to be used to create your own worksheet version of the Review Proble text. 2. Change all of the numbers in the data area of your worksheet so that it looks like this: A 1 Chapter 6: Applying Excel B C 2 3 Data 4 Selling price per unit S 348 5 Manufacturing costs: 6 Variable per unit produced: 7 Direct materials $ 155 8 Direct labor $ 60 9 Variable manufacturing overhead $ 39 10 Fixed manufacturing overhead per year $ 109,200 11 Selling and administrative expenses 121 Variable per unit sold 13 Fixed per year 14 15 16 Units in beginning inventory 17 Units produced during the year 18 Units sold during the year $ 3 $ 49.000 Year 1 Year 2 0 2.600 2,100 2,300 2,300 If your formulas are correct, you should get the correct answers to the following questions. (a) What is the net operating income (loss) in Year 1 under absorption costing? Net operating income (b) What is the net operating income (loss) in Year 2 under absorption costing? Net operating income
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