Question 40 2.5 pts Medbam, Inc. has collected the following data. (There are no beginning...
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Question 40 2.5 pts Medbam, Inc. has collected the following data. (There are no beginning inventories.): What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) Supporting Materials Units produced Units sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 500 units 500 units $170 per unit $20 per unit $25 per unit $40 per unit $14,000 per year $15 per unit $15,000 per year $28,500 $21,000 $6,000 $13,500 Page 18 18 - Q +
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