Multiple Choice
Last year, Walters Corporation's variable costing net operating income was $60,800 and its inventory decreased by 200 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?
A) $60,800
B) $60,200
C) $600
D) $61,400
Correct Answer:
Verified
Correct Answer:
Verified
Q187: The break-even point in units for the
Q188: Under absorption costing, ending inventory on the
Q189: Brummitt Corporation has two divisions: the BAJ
Q190: The Northern Division's break-even sales is closest
Q191: Hanks Corporation produces a single product. Operating
Q193: A properly constructed segmented income statement in
Q194: What is the net operating income for
Q195: Under absorption costing, the cost of goods
Q196: Craft Corporation produces a single product. Last
Q197: Under variable costing, the company's net operating