Question

Home yet corporation has provided the following data for its two most recent years of operation Selling price per unit 71 Manufacturing cost: Variable mo cost per unit produced: Direct materials 12 Direct labor 6 Variable manufacturing overhead 3 Fixed manufacturing overhead per year $ 264,000 Selling and administrative expenses: Variable selling and administrative expenses expense per unit sold. 4 Fixed selling and administrative expense per year 74,000 Units in beginning inventory year 1 0 year 3,000 year 2 Units produced during the year 11,000 year 1 year 2 12,000 Units sold during the year 8,000 year 1 year 2 14,000 Units in ending inventory year 1 3,000 year 2 1,000 The net operating income ( loss) under absorption costing in year 1 is closest to

          Home yet corporation has provided the following data for its two most recent years of operation 
Selling price per unit 71
Manufacturing cost:
Variable mo cost per unit produced:
Direct materials 12
Direct labor 6
Variable manufacturing overhead 3
Fixed manufacturing overhead per year $
                                                                        264,000
Selling and administrative expenses:
Variable selling and administrative expenses expense per unit sold. 4
Fixed selling and administrative expense per year 74,000
Units in beginning inventory year 1 0 year 3,000 year 2
Units produced during the year 11,000 year 1 year 2 12,000
Units sold during the year 8,000 year 1 year 2 14,000
Units in ending inventory year 1 3,000 year 2 1,000
The net operating income ( loss) under absorption costing in year 1 is closest to

Added by Janet S.

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