Answer Happy

Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year. Direct materials Direct labor 55,000 units 33,000 units $ 19 per unit $ 21 per unit $3 per unit Variable overhead Fixed overhead $343,750 in total Belle Company's product is sold for $71 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $270,000 per year. Compute the net income under absorption costing
Belle Company's product is sold for $71 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $270,000 per year. Compute the net income under absorption costing Multiple Choice $288,000 $113,000 O $70,000 $381750