Cornell Products has the following information available for 2012: During 2012, Cornell produced 6,000 units out of which 5,400 units were sold for $20 each.
Refer to the information provided for Cornell Products. What is the net operating income under absorption costing?
A) $23,000
B) $29,000
C) $26,000
D) $35,000

Question

Cornell Products has the following information available for 2012:  During 2012, Cornell produced 6,000 units out of which 5,400 units were sold for $20 each.
Refer to the information provided for Cornell Products. What is the net operating income under absorption costing?
A) $23,000 
B) $29,000 
C) $26,000 
D) $35,000

Quizplus · Accepted Answer

The Answer of Cornell Products has the following information available for 2012:  During 2012, Cornell produced 6,000 units out of which 5,400 units were sold for $20 each.
Refer to the information provided for Cornell Products. What is the net operating income under absorption costing?
A) $23,000 
B) $29,000 
C) $26,000 
D) $35,000

Cornell Products Has the Following Information Available for 2012