Cool Kidz Corp makes one product only. Here is the info related to company in...
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Accounting
Cool Kidz Corp makes one product only. Here is the info related to company in its first two years of working, under super variable costing
Variable cost per unit: Direct materials $20 Fixed costs per year. Direct labor $113,400 Fixed manufacturing overhead $94,500 Fixed selling and administrative expenses $148,500 The company does not incur any variable manufacturing overhead costs or variable selling and administrative expenses. The selling price of the company's product is $150 per unit. Production (units) Sale (units) Year 11 6,3001 6,1001 Year 2 6,300 6,500 For external reporting purpose, the company has to use GAAP-consistent absorption accounting. Q) The absorption costing income for Year 1 is: A) $
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