Recent Posts • Latest Topics • Unanswered Questions

Tustin Corporation has provided the following data for its two most recent years of ...

aramo023

wrote...

Go to Answer

Posts: 137

Rep:

A year ago

Tustin Corporation has provided the following data for its two most recent years of ...

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

Selling price per unit	$ 68
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials	$ 10
Direct labor	$ 6
Variable manufacturing overhead	$ 4
Fixed manufacturing overhead per year	$220,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold	$ 6
Fixed selling and administrative expense per year	$ 61,000

	Year 1	Year 2
Units in beginning inventory	0	1,000
Units produced during the year	11,000	10,000
Units sold during the year	10,000	7,000
Units in ending inventory	1,000	4,000

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

▸ $420,000

▸ $480,000

▸ $139,000

▸ $159,000

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

Read 40 times

1 Reply

Report

Replies

Answer verified by a subject expert

sbbalt

wrote...

Posts: 138

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

aramo023 Author

wrote...

A year ago

I appreciate what you did here, answered it right Smiling Face with Open Mouth

megan.xo

wrote...

Yesterday

This calls for a celebration Person Raising Both Hands in Celebration

apelton

wrote...

2 hours ago

Thanks

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

918 People Browsing

102 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

892

406

Your Opinion

Previous poll results: Which 'study break' activity do you find most distracting?

The Toxic Skin and Fungi Defense

Strange Ingredients Lurking in Doritos Chips

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

Bonobos, Chimpanzees, and the 98% DNA Link

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.