Question: 1 Chapter 6: Applying Excel Data (b) What is the net operating Income (loss) In Year 2 under absorption costing? 5 Answer is complete but

1 Chapter 6: Applying Excel Data (b) What is the net

1 Chapter 6: Applying Excel Data (b) What is the net operating Income (loss) In Year 2 under absorption costing? 5 Answer is complete but not entirely correct. Net operating income $ 69,800 $ 141 Selling price per unit Manufacturing costs: Variable per unit produced Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable per unit sold Fixed per year 40 100,000 $ 11 12 13 $ 60,000 14 15 Year 1 Year 2 16 Units in beginning inventory 17 Units produced during the year 18 Units sold during the year 2.500 2.200 2.000 2,200

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