A manufacturer reports the following information below for its first three years in operation. Year 1 Year 2 Year 3Income under variable costing$76,000 $109,000 $115,000Beginning inventory (units) 0 800 500Ending inventory (units) 800 500 0Fixed manufacturing overhead per unit$8.00 $8.00 $8.00Income for year 3-year period using absorption costing is:
A. $308,000.
B. $310,000.
C. $305,000.
D. $300,000.
E. $280,000.
Answer: D
You might also like to view...
Personal observation is an observational research strategy in which human observers record the phenomenon being observed as it occurs
Indicate whether the statement is true or false
What are some of the things managers should do in regard to managing group norms?
What will be an ideal response?
In 2010, more than half the world's population
A. had migrated from country of birth to another country. B. was located in rural areas. C. was located in urban areas in developing countries. D. was located in urban areas. E. was located in edge cities.
Which of the following prohibited non union membership as a condition to employment?
a) Sherman Act b) Railway Labor Act c) Norris LaGuardia Act d) Wagner Act e) Clayton Act