$($b$)$ What is the net operating income $($loss$)$ in Year $2$ under absorption costing?

$($c$)$ What is the net operating income $($loss$)$ in Year $1$ under variable costing?$($d$)$ What is the net operating income $($loss$)$ in Year $2$ under variable costing?$($b$)$ What is the net operating income $($loss$)$ in Year $2$ under absorption costing?

$($a$)$ What is the net operating income $($loss$)$ in Year $1$ under absorption costing?

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Chapter $6$: Applying Excel

Data

Selling price per unit $$251$

Manufacturing costs:

Variable per unit produced:

Direct materials $$102$

Direct labor $$52$

Variable manufacturing overhead $$21$

Fixed manufacturing overhead per year $$97,200$

Selling and administrative expenses:

Variable per unit sold $$3$

Fixed per year $$54,000$

Year $1$ Year $2$

Units in beginning inventory $0$

Units produced during the year $2,7001,800$

Units sold during the year $2,2002,200$