Question: Income for year 1 using absorption costing is: Question 24 options: $106,600 $82,400 $76,000 $88,800 A manufacturer reports the following information below for its first

Income for year 1 using absorption costing is: Question 24 options: $106,600 $82,400 $76,000 $88,800

A manufacturer reports the following information below for its first three years in operation. Year 1 Year 2 Year 3 Variable costing income $ 76,000 $ 109,000 $ 115,000 Beginning finished goods inventory (units) 0 800 500 Ending finished goods inventory (units) 800 500 0 Fixed overhead per unit $8.00 $8.00 8.00

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