Question 9 - Elliot Corporation which has only one product...

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Unformatted text preview: Elliot Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold 4 500 Units In ending inventory Variable costs per unit . . . 40 Direct materials $ $ 0 19 Direct labor 45 $6 Variable manufacturing overhead Variable selling and administrative $9 Fixed manufacturing overhead $117,600 Fixed selling and administrative $22,500 What is the net operating income for the month under absorption costing? 0 ($19,600) 0 $9,600 0 $8,400 0 . $18,000 I lnil- nrnrli iri- nncf iinrlnr :hcnrn‘l’inn hn:+inn- ...
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  • Spring '18
  • Daniel Gibbons
  • Managerial Accounting, Generally Accepted Accounting Principles, $6, Chapter Six Multiple Choice, $8,400 0

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