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Watson, Inc. has collected the following data for the current year:Beginning Finished Goods ...

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Watson, Inc. has collected the following data for the current year:Beginning Finished Goods ...

Watson, Inc. has collected the following data for the current year:

Beginning Finished Goods Inventory   50   units
Units produced   560   units
Units sold   610   units
Sales price   $180   per unit
Direct materials   $27   per unit
Direct labor   $16   per unit
Variable manufacturing overhead   $15   per unit
Fixed manufacturing overhead   $16,900   per year
Variable selling and administrative costs   $7   per unit
Fixed selling and administrative costs   $13,500   per year

The beginning Finished Goods Inventory costs were $3,800 under absorption costing and $2,000 under variable costing.
What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $3,800
B) $38,849
C) $52,349
D) $56,619

Textbook

Horngren's Financial & Managerial Accounting, The Financial Chapters

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 712 times

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