Craft Company produces a single product. Last year, the company had a net operating income...
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Accounting
Craft Company produces a single product. Last year, the company had a net operating income of $96,400 using absorption costing and $83,800 using variable costing. The fixed manufacturing overhead cost was $10 per unit. There were no beginning inventories. If 29,900 units were produced last year, then sales last year were:
a
17,300 units
b 28,640 units
c
31,160 units
d 42,500 units
Which is correct?
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