Absorption costing net operating income = Net operating income last year under variable costing - Last year fixed manufacturing over cost
= $77,000 - $28,700
= $48,300
3rd option
Contribution margin = Sales revenue - Variable expense
= $1,000,000 - $516,000
= $484,000
1st option
Helmers Corporation manufactures a single product Variable costing net operating Income last year was $77,000 and...
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,...
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $310,000, variable expenses of $170,000, and traceable fixed expenses of $38,000. During the same month, the West business segment had sales revenues of $980,000, variable expenses of $508,000, and traceable fixed expenses of $187,000. The common fixed expenses totaled $282,000 and were allocated as follows: $141,000 to the East business segment and $141,000 to the West business segment. The contribution margin...
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $260,000, variable expenses of $145,000, and traceable fixed expenses of $33,000. During the same month, the West business segment had sales revenues of $930,000, variable expenses of $488,000, and traceable fixed expenses of $177,000. The common fixed expenses totaled $262,000 and were allocated as follows: $131,000 to the East business segment and $131,000 to the West business segment. A properly constructed...
Tubaugh Corporation has two major business segments--East and West. In December, the East business segment had sales revenues of $380,000, variable expenses of $205,000, and traceable fixed expenses of $45,000. During the same month, the West business segment had sales revenues of $1,050,000, variable expenses of $536,000, and traceable fixed expenses of $201,000. The common fixed expenses totaled $310,000 and were allocated as follows: $155,000 to the East business segment and $155,000 to the West business segment. A properly constructed...
1.0 Gabuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 151 Units in beginning inventory 0 Units produced 2,900 Units sold 2,380 Units in ending inventory 520 Variable costs per unit: Direct materials $ 53 Direct labor $ 27 Variable manufacturing overhead $ 6 Variable selling and administrative expense $ 8 Fixed costs: Fixed manufacturing overhead $49,300 Fixed selling and administrative expense $7,140 The total gross margin...
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?
Tsuchiya Corporation manufactures a variety of products. Last year, the company's variable costing net operating income was \$57.500, . Fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $35.400 . What was the absorption costing net operating income last year?
Croft Corporation produces a single product. Last year, the company had a net operating income of $96,860 using absorption costing and $82,300 using variable costing. The fixed manufacturing overhead cost was $13 per unit. There were no beginning inventories. If 23,800 units were produced last year, then sales last year were:
Croft Corporation produces a single product. Last year, the company had a net operating income of $160,000 using absorption costing and $149,000 using variable costing. The fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 43,000 units were produced last year, then sales last year were: 0 32,000 units O 41,900 units 0 54,000 units 0 40,000 units
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $27,000, and the common fixed expenses were $58,000. The contribution margin ratio for Product Q was 40%. Its sales were $143.000, and its segment margin was $50,000. If the contribution margin for Product P was $48,000, the segment margin for Product P was: Multiple Choice $35,000 O $50,000 O O "ounle Corporation has two divisions: the South Division and the West Division. The corporation's...