Assume the following information for a company that produced 10,000 units and sold 8,000 units...
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Accounting
Assume the following information for a company that produced 10,000 units and sold 8,000 units during its first year of operations and produced 8,000 units and sold 10,000 units during its second year of operations:
| Per Unit | Per Year | |
|---|---|---|
| Selling price | $ 200 | |
| Direct materials | $ 73 | |
| Direct labor | $ 50 | |
| Variable manufacturing overhead | $ 11 | |
| Sales commission | $ 8 | |
| Fixed selling and administrative expense | $ 110,000 | |
| Fixed manufacturing overhead | $ 300,000 |
Using absorption costing, what is the net operating income for the second year of operations?
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