Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following data are available for Honey Company for the year ended September 30, 2021. 24,000 units at $50 each 30,000 units $525,000 ($17.5 per
The following data are available for Honey Company for the year ended September 30, 2021. 24,000 units at $50 each 30,000 units $525,000 ($17.5 per unit) $372,000 Sales Number of outputs produced Manufacturing costs incurred: - Variable - Fixed Non-manufacturing costs incurred: - Variable - Fixed Beginning inventories Ending WIP (Work in Process) $144,000 ($6 per unit) $77,400 N/A N/A 8. [Answer & Solving Process] Assuming that the company uses variable costing, determine the net operating income in 2021, 1 $215,400 2 $81,600 3 $636,000 4 $261,000 5 $186,600 9. [Answer & Solving Process) Assuming that the company uses absorption costing, determine the net operating income in 2021. 1 $186,000 2 $261,000 3 $305,280 4 $289,800 5 $81,600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started