At the beginning of Haker's accounting period, there are 110 units in the Finished Goods Stock. During the accounting period, Haker produced 240 units and sold 350 units at $220 each. All units incur variable production costs of $50 and fixed production costs of $24. Haker also accrued $7,700 in Sales and Administrative Expenses, all fixed. 

Required

Calculate operating income for the year using the absorption costing and variable cost method. 

Calculate the total cost of product per unit produced under absorption cost and variable cost.

Answer rating: 100% (QA)

SOLUTION To calculate the operating income for the year using the absorption costing and variable co... View the full answer