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A company has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Year 1 0 Units in beginning inventory Units produced during the year 12,000 Units sold during the year 9,000 Units in ending inventory 3,000 Which of the following statements is true for Year 1? Year 2 3,000 9,000 10,000 2,000 $ $ $ $ 84 12 5 4 $432,000 $ $ 61,000 5

A company has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Year 1 0 Units in beginning inventory Units produced during the year 12,000 Units sold during the year 9,000 Units in ending inventory 3,000 Which of the following statements is true for Year 1? Year 2 3,000 9,000 10,000 2,000 $ $ $ $ 84 12 5 4 $432,000 $ $ 61,000 5

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 8E: Estimated income statements, using absorption and variable costing Prior to the first month of...
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The amount of fixed manufacturing released from inventories is 108000 The amount of fixed manufacturing released from inventories is 513000 The amount of fixed manufacturing deferred in inventories is 513000 The amount of fixed manufacturing deferred in inventories is 108000
A company has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Year 1 0 Units in beginning inventory Units produced during the year 12,000 Units sold during the year 9,000 Units in ending inventory 3,000 Which of the following statements is true for Year 1? Year 2 3,000 9,000 10,000 2,000 $ $ $ $ 84 12 5 4 $432,000 $ $ 61,000 5
Transcribed Image Text:A company has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year Year 1 0 Units in beginning inventory Units produced during the year 12,000 Units sold during the year 9,000 Units in ending inventory 3,000 Which of the following statements is true for Year 1? Year 2 3,000 9,000 10,000 2,000 $ $ $ $ 84 12 5 4 $432,000 $ $ 61,000 5
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