Transcribed Image Text: Given Advanced Company’s data, and the knowledge that the product is sold for $72 per unit and operating expenses are $310,000, compute the net income under absorption

Transcribed Image Text: Given Advanced Company’s data, and the knowledge that the product is sold for $72 per unit and operating expenses are $310,000, compute the net
income under absorption costing.
Multiple Choice
$226,800
$273,200
$165,200
$93,200
$72,000 Transcribed Image Text:
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Required information
[The following information applies to the questions displayed below.]
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0
this year.
Units produced this year
Units sold this year
36,000 units
21,600 units
20 per unit
22 per unit
Direct materials
Direct labor
Variable overhead
$
3 per unit
Fixed overhead
$180,000 in total
Given Advanced Company’s data, and the knowledge that the product is sold for $72 per unit and operating expenses are $310,000, compute the net
income under absorption costing.
Multiple Choice
$226,800
$273,200
$165,200

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