Bryans Corporation has provided the following data for its two most recent years of operation:   Selling price per unit$53Manufacturing costs:  Variable manufacturing cost per unit produced:  Direct materials$13Direct labor$6Variable manufacturing overhead$5Fixed manufacturing overhead per year$63,000 Selling and administrative expenses:  Variable selling and administrative expense per unit sold$4Fixed selling and administrative expense per year$71,000 Year 1 Year 2Units in beginning inventory0 3,000Units produced during the year9,000 7,000Units sold during the year6,000 7,000Units in ending inventory3,000 3,000The net operating income (loss) under absorption costing in Year 1 is closest to:

A. $132,000
B. $108,000
C. $37,000
D. $16,000


Answer: C

Business

You might also like to view...

Consumer information obtained over the Internet cannot be used without the consumer's permission

Indicate whether the statement is true or false

Business

A prospective issuer of securities need NOT hire which of the following:

a. a securities attorney b. a certified public accountant c. a printer for the prospectus d. an underwriter e. all of the other specific choices must be hired

Business

The core business of SAP AG is ________

A) providing consulting and training services in enterprise resource planning software B) offering pay-as-you-go cloud services C) developing personal computers, laptops, and smartphones D) selling licenses for software solutions and related services

Business

One of the advantages of a ________ card is getting additional cash back when making a purchase at the grocery or convenience store.

A) investment B) credit C) debit D) saving E) None of the answers are correct

Business