Answer: $92,900
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Working note - Computation of Absorption costing net operating income | |
Variable costing net operating income | $57,500 |
Add: Fixed manufacturing overhead costs deferred in inventory | $35,400 |
Absorption costing net operating income | $92,900 |
Tsuchiya Corporation manufactures a variety of products. Last year, the company's variable costing net operating income...
Helmers Corporation manufactures a single product Variable costing net operating Income last year was $77,000 and this year was $92,300. Last year, $28,700 In fixed manufacturing overhead costs were released from Inventory under absorption costing. This year, $10,900 In fixed manufacturing overhead costs were deferred In Inventory under absorption costing. What was the absorption costing net operating Income last year? Multiple Choice $81,400 O $77.000 0 $48,300 0 $105,700 Tubaugh Corporation has two major business segments--East and West. In December,...
9 Helmers Corporation manufactures a single product. Variable costing net operating income last year was $77,000 and this year was $92,300. Last year, $28,700 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $10,900 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income last year? Multiple Choice $81,400 $77,000 $48,300 $105,700 10 Tubaugh Corporation has two major business segments- -East and West. In December,...
Last year, Jaquet Corporation's variable costing net operating income was $58,000. The fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $9,000. Required: Determine the absorption costing net operating income last year. Show your work!
Bellue Inc. manufactures a single product. Variable costing net operating income was $84,700 last year and its inventory decreased by 2,700 units. Fixed manufacturing overhead cost was $3 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year?
Haley's Hurdle Company produce and sell hurdles to athletic teams and players. Variable costing net operating income last year was $86,000 and this year was $103,100. Last year, $32,000 in fixed manufacturing overhead costs were released from inventory under absorption costing. This year, $12,000 in fixed manufacturing overhead costs were deferred in inventory under absorption costing. What was the absorption costing net operating income last year? Multiple Choice $54,000 $86,000 $91,100 $118,000
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: ear Sales ( $61 per unit) s 1,037,000 1,647,000 680,000 357,000 11080 Cost of goods sold e $40 per unit) 567,000 335,000 Gross margin Selling and administrative expenses305,000 Net operating income $152,000 232,000 $3 per unit variable; $254,000 fixed each year. The company's $40 unit product cost is computed as follows: Direet materials Direct labor Variable manufacturing overhead Pixed manufacturing overhead ($396,000 22,000...
Jorgansen Lighting, Inc., manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for external reports to shareholders, creditors, and the government. The company has provided the following data: Year 1 year 2 year 3 Inventories: Beginning (units) 200 170 180 Ending (units) 170 180 220 Variable costing net operating income $1,080,400 $1,032,400 $996,400 The company's fixed manufacturing overhead per unit was constant at $560 for all three years. Requirement 1:...
During Heaton Company's first two years of operations, the company reported absorption costing net operating income as follows: $ Sales (@ $60 per unit) Cost of goods sold (@ $39 per unit) Gross margin Selling and administrative expenses* Net operating income Year 1 $1,020,000 663,000 357,000 299,000 $ 58,000 Year 2 1,620,000 1,053,000 567,000 329,000 $ 238,000 *$3 per unit variable; $248,000 fixed each year. The company's $39 unit product cost is computed as follows: $ Direct materials Direct labor...
During Heaton Company's first two years of operations, it reported absorption costing net operating income as follows: Sales (e $63 per unit) Cost of goods sold ( 540 per unit) Gross margin Selling and administrative expenses Net operating income Year 1 $1,071,000 680,000 391.000 301.000 $ 190,0001 Year 2 $1,701,000 1,080,000 621,000 331,000 $ 290,000 ances *$3 per unit variable: $250,000 fixed each year. The company's $40 unit product cost is computed as follows: Direct materials Direct labor Variable manufacturing...
find net operating income (loss) for year 1 under absorption
costing
find net operating income (loss) for year 2 under absorption
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find net operating income (loss) for year 1 under variable
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find net operating income (loss) for year 2 under variable
costing
area of your worksheet so that it А B с Chapter 6: Applying Excel Data $ 344 $ 146 Selling price per unit Manufacturing costs: Variable per unit produced: Direct materials Direct labor Variable manufacturing overhead...