What would bruces net income be for this year, Accounting Basics

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What would bruces net income be for this year

Bruce Manufacturing makes and sells a single product. The following costs were incurred during the company's first year of operations.

Variable Costs
Direct Materials $9
Direct Labor $9
Variable Overhead $5
Fixed Costs
Fixed Manufacturing OH $200,000
Fixed Selling Expenses $130,000

During the year the company produced 25,000 units and sold 20,000 units. The company's selling price is $50 per unit.
Under absorption costing, (GAAP) what would Bruce's Net Income be for this year?

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Accounting Basics: What would bruces net income be for this year

Reference No:- TGS0706030

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Recent Questions Asked Accounting Basics

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Accounting Basics: What would bruces net income be for this year

Reference No:- TGS0706030

Recent Questions Asked Accounting Basics

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Q : Prepare an income statement for the division

Q : What would bruces net income be for this year

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