Essay
Boylan Company had an operating profit of $400,000 using variable costing in April, 2007. Beginning inventory was 36,000 units and ending inventory was 46,000 units. The committed (fixed) overhead was $10 per unit for the beginning and ending inventory. Sales were $900,000 and committed (fixed) operating expenses were $50,000.
Required: Calculate the operating profit in April, 2007 using absorption costing.
Correct Answer:
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$500,000
$400,000 plus $10 per unit fi...View Answer
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Correct Answer:
Verified
$400,000 plus $10 per unit fi...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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