Question: A company started its operation two years ago. Below is the selected information for the two years. The company's cost structure an selling prices were
A company started its operation two years ago. Below is the selected information for the two years. The company's cost structure an selling prices were the same for the two years. The company allocates its fixed manufacturing overhead costs to the number of units produced in each year Year 1 Year 2 Units produced 35,000 35,000 Units sold 31,000 37,000 Absorption costing net operating income ? Variable costing net operating income $66,000 96,000 Fixed selling & admin. expenses $19.000 $19,000 What was the total net operating income under absorption cost for the two years (Year 1+Year 2)? O $162,000 O $166,000 $170,000 O $168,000 Grow
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