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The HF Corporation manufactures and sells toy gyroscopes. The following data is related to sales and

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The HF Corporation manufactures and sells toy gyroscopes. The following data is related to sales and

The HF Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year.

Selling price per unit   $8.00
Variable manufacturing costs per unit   $1.83
Variable selling and administrative expenses per unit   $4.45
Fixed manufacturing overhead (in total)   $75,000
Fixed selling and administrative expenses (in total)   $80,000
Units produced during the year   500,000
Units sold during the year   150,000

Using absorption costing, what is operating income for last year?
A) $1,200,000
B) $155,500
C) $749,500
D) $1,650,500

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Managerial Accounting

Edition: 4^th

Author: Braun

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bernie2981 Author

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9 years ago

Answers my question perfectly.

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FiveGuysBurger

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5 years ago

thank you!!

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notthat_creepy

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5 years ago

okayy

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Jessica M.

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5 years ago

thanks

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Md T.

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5 years ago

thnk

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Cassie M.

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4 years ago

Thanks!

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