Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the following information is available for barnes

The following information is available for Barnes Company for the fiscal year ended December 31:...

60.1K

Verified Solution

Question

Accounting

The following information is available for Barnes Company for the fiscal year ended December 31:

Beginning finished goods inventory in units 0
Units produced 6,000
Units sold 4,600
Sales $ 920,000
Materials cost $ 120,000
Variable conversion cost used $ 60,000
Fixed manufacturing cost $ 270,000
Indirect operating costs (fixed) $ 92,000

The absorption costing operating income is:

Multiple Choice

  • $463,000

  • $483,000

  • $471,000

  • $455,000

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

VerizonWirelessBalance Sheet Data (Partial) andAnalysis(In millions)Current YearAnalysisPrior YearAnalysis...VerizonWirelessBalance Sheet Data (Partial) andAnalysis(In millions)Current YearAnalysisPrior...

Accounting
Q

What is a bell curve and normal score ?

Finance
Q

Small populations of flies that had three genotypes/phenotypes for eye color (red,orange, and white) were observed...

Biology
Q

Discuss with the class the importance of program design (using pseudocode and/or flowcharts) when designing programs...

Programming
Q

Example 59 Find in the given network of resistors the equivalent resistance between the points...

Physics
Q

In the 2009 2010 school year in country A there were 103 000 foreign students...

Algebra
Q

[The following information applies to the questions displayed below.] Hemming Co. reported...

Accounting
Q

6) Jane's Donut Co. borrowed $200,000 on September 1, 2018, and signed a one-year note...

Accounting
Q

How does managerial accounting assist managers with fulfilling their primary responsibilities of planning, directing, and...

Accounting
Q

Voyager is a Telco with an innovation that will generate it significant market share growth....

Accounting
Q

It is April 2024 and Kevin Dean has asked you to help him with his...

Accounting
Q

1. Wallace Driving Schools 2020 balance sheet showed net fixed...

Finance