Question
The following data pertain to last year's operations at Tims Hardware Company Units in beginning inventory 0 Units Produced 25,000 Units Sold 23,000 Selling Price
The following data pertain to last year's operations at Tims Hardware Company
Units in beginning inventory 0
Units Produced 25,000
Units Sold 23,000
Selling Price per unit $75
Variable costs per unit:
Direct Materials $15
Direct Labor $22
Overhead $7
Period $5
Fixed costs:
Overhead $350,000
Period $110,000
What was the absorption costing net operating income last year?
| A. | $137,940 | |
| B. | $138,000 | |
| C. | $166,000 | |
| D. | $190,000 |
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
CyRM Mastering The Management Of Cybersecurity Internal Audit And IT Audit
Authors: David X Martin
1st Edition
0367757850, 978-0367757854
