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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Medbam, Inc. has collected the following data. (There are no beginning inventories.):

Units produced   520   units
Units sold   520   units
Sales price   $190   per unit
Direct materials   $10   per unit
Direct labor   $15   per unit
Variable manufacturing overhead   $30   per unit
Fixed manufacturing overhead   $12,000   per year
Variable selling and administrative costs   $20   per unit
Fixed selling and administrative costs   $20,000   per year

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) $58,198
B) $27,798
C) $47,798
D) $38,198
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
Thanks!
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thank you
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