Question: Bellue Incorporated manufactures a single product. Variable costing net operating income was $78,000 last year and its inventory decreased by 3,000 units. Fixed manufacturing overhead

Bellue Incorporated manufactures a single product. Variable costing net operating income was $78,000 last year and its inventory decreased by 3,000 units. Fixed manufacturing overhead cost was $4 per unit for both units in beginning and in ending inventory. What was the absorption costing net operating income last year? Multiple Choice $81,000 $12,000 $66,000 $78,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Bellue Inc. manufactures a single product. Variable costing net operating income was $96, 300 last year and its inventory decreased by 2, 700 units. Fixed manufacturing overhead cost was $2 per unit...

Bellue Incorporated manufactures a single product. Variable costing net operating income was $82,800 last year and its inventory decreased by 2,500 units. Fixed manufacturing overhead cost was $4 per...

Bellue Incorporated manufactures a single product. Variable costing net operating income was $114,600 last year and its inventory decreased by 3,000 units. Fixed manufacturing overhead cost was $3...

Bellue Incorporated manufactures a single product. Variable costing net operating income was $ 9 1 , 5 0 0 last year and its inventory decreased by 2 , 4 0 0 units. Fixed manufacturing overhead cost...

Bellue Incorporated manufactures a single product. Variable costing net operating income was $79,900 last year and its inventory decreased by 2,400 units. Fixed manufacturing overhead cost was $1 per...

1. Bellue Inc. manufactures a single product. Variable costing net operating income was $98,200 last year and its inventory decreased by 2,100 units. Fixed manufacturing overhead cost was $1 per unit...

Q1 Ozdemir Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process...

11:50 PM Mon Jul 26 31% 4 AA ezto.mheducation.com + TIME LMS-UI LMS Ims.mheduc... LMS Ims.mheduc... LMS LMS-UI LMS HTTP Status... Schedule O Sign In M Hill - Login x Question 10... mheduc... Cour......

Bellue Inc. manufactures a single product. Variable costing net operating income was $84,700 last year and its inventory decreased by 2,700 units. Fixed manufacturing overhead cost was $3 per unit...

Fill in the elements in the following technology matrix. Use this matrix to solve Problem 20. Discuss any differences in your calculations and in your answers. T =

Hickory Furniture Company manufactures unfinished oak furniture. Hickory uses a standard cost system. The direct labor, direct materials, and factory overhead standards for an unfinished dining room...

Matrimon, Inc., had the following quality costs for the years ended December 31, 20X1 and 20X2: At the end of 20X1, management decided to increase its investment in control costs by 40% for each...

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

2. Describe roles played by information systems specialists and end users in American Waters systems transformation project. American Water, founded in 1886, is the largest public water utility in...

2. Describe ARIs earlier capabilities for data analysis and reporting and their impact on the business. Automotive Resources International, better known as simply ARI, is the worlds largest...

3. Was SAP HANA a good solution for ARI? Why or why not? Automotive Resources International, better known as simply ARI, is the worlds largest privately-held company for vehicle fleet management...