TB MC Qu. 19-95 (Algo) Belle Company reports the following information... Belle Company...
90.2K
Verified Solution
Link Copied!
Question
Accounting
TB MC Qu. 19-95 (Algo) Belle Company reports the following information...
Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.
| Units produced this year | 35,000 | units |
|---|---|---|
| Units sold this year | 21,000 | units |
| Direct materials | $ 15 | per unit |
| Direct labor | $ 17 | per unit |
| Variable overhead | $ 3 | per unit |
| Fixed overhead | $ 105,000 | in total |
Belle Company's product is sold for $62 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $230,000 per year. Compute the net income under absorption costing.
Multiple Choice
-
$62,000
-
$87,200
-
$151,900
-
$232,000
-
$242,200
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.