Smidt Corporation has provided the following data for its two most recent years of operation:

-The net operating income (loss)under variable costing in Year 1 is closest to:
A) $420,000
B) $480,000
C) $139,000
D) $159,000

Question

Smidt Corporation has provided the following data for its two most recent years of operation:
  
-The net operating income (loss)under variable costing in Year 1 is closest to:
A) $420,000 
B) $480,000 
C) $139,000 
D) $159,000

Quizplus · Accepted Answer

Variable costing unit product cost:
 11ea7761_182a_c349_81a5_870ef24833e0_TB2580_00 Variable costing income statement:
 11ea7761_182a_c34a_81a5_fb6aa28a836f_TB2580_00

Smidt Corporation Has Provided the Following Data for Its Two