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company manufactures a single product. The following data pertain to the company's operations over the last two years: Variable costing net operating income, Year 1 $82,700 Variable costing net operating income, Year 2 87,800 $ 0 units Beginning inventory, Year 11 Ending Inventory, Year 1 Ending inventory, Year 2 Fixed manufacturing overhead cost per unit both Year 1 and Year 2 Calculate the absorption costing net operating income for Year 2 by completing the table below. Use "NA" in the box(es) that are le Year 2 ? ? Variable Costing net operating income Fixed manufacturing overhead deferred Fixed manufacturing overhead released ? Absorption costing net operating income ? 900 units 500 units $2 per unit

company manufactures a single product. The following data pertain to the company's operations over the last two years: Variable costing net operating income, Year 1 $82,700 Variable costing net operating income, Year 2 87,800 $ 0 units Beginning inventory, Year 11 Ending Inventory, Year 1 Ending inventory, Year 2 Fixed manufacturing overhead cost per unit both Year 1 and Year 2 Calculate the absorption costing net operating income for Year 2 by completing the table below. Use "NA" in the box(es) that are le Year 2 ? ? Variable Costing net operating income Fixed manufacturing overhead deferred Fixed manufacturing overhead released ? Absorption costing net operating income ? 900 units 500 units $2 per unit

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter3: Cost Behavior And Cost Forecasting
Section: Chapter Questions
Problem 54E: Income Statements under Absorption and Variable Costing In the coming year, Kalling Company expects...
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A company manufactures a single product. The following data pertain to the company's operations over the last two years: Variable costing net operating income, Year 1 Variable costing net operating income, Year 2 Beginning inventory, Year 1 Ending Inventory, Year 1 Ending inventory, Year 2 Fixed manufacturing overhead cost per unit both Year 1 and Year 2 $ 82,700 $ 87,800 0 units Year 2 ? ? Variable Costing net operating income Fixed manufacturing overhead deferred Fixed manufacturing overhead released ? Absorption costing net operating income ? 900 units 500 units $2 per unit Calculate the absorption costing net operating income for Year 2 by completing the table below. Use "NA" in the box(es) that are left blank
Transcribed Image Text:A company manufactures a single product. The following data pertain to the company's operations over the last two years: Variable costing net operating income, Year 1 Variable costing net operating income, Year 2 Beginning inventory, Year 1 Ending Inventory, Year 1 Ending inventory, Year 2 Fixed manufacturing overhead cost per unit both Year 1 and Year 2 $ 82,700 $ 87,800 0 units Year 2 ? ? Variable Costing net operating income Fixed manufacturing overhead deferred Fixed manufacturing overhead released ? Absorption costing net operating income ? 900 units 500 units $2 per unit Calculate the absorption costing net operating income for Year 2 by completing the table below. Use "NA" in the box(es) that are left blank
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