Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. tb mc qu. 19-95 (algo) belle company reports the f

TB MC Qu. 19-95 (Algo) Belle Company reports the following information... Belle Company...

90.2K

Verified Solution

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

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Q

Leeches and Earthworms are both categorized under the same class. How do their tegument differ?

Biology
Q

As GFR rises the increase in choose your answer is released in response to this...

Biology
Q

Solve each application below using systems. To receive full credit, you must 1) define all...

Basic Math
Q

In certain population of the herring Pomolobus aestivalis, the length of the individual fish follow...

Basic Math
Q

Minimize P subject to the given constraints. P= 9x + y constraintsx ? 0y ?...

Basic Math
Q

Let f x x 2x and g x 9x fg 4 fg 4 Simplify your...

Algebra
Q

What is the role of quality theory in sensitivity analysis

Accounting
Q

Video Planet (VP) sells a big screen TV package consisting of a 60 -inch plasma...

Accounting
Q

Cash budget The controller of Bridgeport Housewares Inc. instructs you to prepare a monthly cash...

Accounting
Q

In brief and clear memo format answer the following - Look around the supermarket and...

Accounting
Q

Evaluate cot csce a da

Accounting
Q

For each of the following accounts, indicate (a) the normal balance, (b) the effect of...

Accounting