A manufacturer reports the following information below for its first three years in operation. Year 1 Year 2 Year 3 Income under variable costing Beginning inventory (units) Ending inventory (units)...


A manufacturer reports the following information below for its first three years in operation.








































































Year 1

Year 2

Year 3
Income under variable costing$82,000115,000121,000
Beginning inventory (units)0860530
Ending inventory (units)8605300
Fixed manufacturing overhead per unit$7.00$7.00$7.00



Income for year 3 using absorption costing is:


A manufacturer reports the following information below for its first three years in operation.<br>Year 1<br>Year 2<br>Year 3<br>Income under variable costing<br>Beginning inventory (units)<br>Ending inventory (units)<br>Fixed manufacturing overhead per unit<br>$ 82,000<br>115,000<br>121,000<br>860<br>530<br>860<br>530<br>$<br>7.00 $<br>7.00 $<br>7.00<br>Income for year 3 using absorption costing is:<br>

Extracted text: A manufacturer reports the following information below for its first three years in operation. Year 1 Year 2 Year 3 Income under variable costing Beginning inventory (units) Ending inventory (units) Fixed manufacturing overhead per unit $ 82,000 115,000 121,000 860 530 860 530 $ 7.00 $ 7.00 $ 7.00 Income for year 3 using absorption costing is:
Income for year 3 using absorption costing is:<br>Multiple Choice<br>$115,000.<br>$122,420.<br>$112,690.<br>$121,000.<br>$117,290.<br>

Extracted text: Income for year 3 using absorption costing is: Multiple Choice $115,000. $122,420. $112,690. $121,000. $117,290.

Jun 10, 2022
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