TB MC Qu. 19-95 (Algo) Belle Company reports the following information... Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials 80,000 units 48,000 units $ 24 per unit $26 per unit $ 3 per unit Direct labor Variable overhead Fixed overhead $ 600,000 in total Belle Company's product is sold for $80 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $320,000 per year. Compute the net income under absorption costing.

TB MC Qu. 19.95 (Algo) Belle Company reports the following information... Eelie Company reports the following information for the current yeat, All beginning irventory amounts equaled $0 this year. Belle Comparys product is sold for $80 per unit. Vaibale selling and administrative experise is $2 per unit and fond setling and administrative is $320,000 per year. Compute the net income under absorption costing