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 produced9,000 7,000Units sold6,000 7,000Units in ending inventory3,000 3,0000 The net operating income (loss) under absorption costing in Year 1 is closest to:

Name: Bryans Corporation has provided the following data for its two most re
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Description: 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 o

Net operating profit represents the profit that is earned by the company due to the operations of…

Answered: Bryans Corporation has provided the…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 22E: Ellerson Company provided the following information for the last calendar year: During the year,...

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Bryans Corporation has provided the following data for its two most recent years of operation:


Selling price per unit	$	53
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials	$	13
Direct labor	$	6
Variable manufacturing overhead	$	5
Fixed manufacturing overhead per year	$	63,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold	$	4
Fixed selling and administrative expense per year	$	71,000

	Year 1	Year 2
Units in beginning inventory	0	3,000
Units produced	9,000	7,000
Units sold	6,000	7,000
Units in ending inventory	3,000	3,0000

The net operating income (loss) under absorption costing in Year 1 is closest to:

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