Oxygen Inc.reports the following information:
Assume that the production and prices were the same in the previous year.Assume no beginning inventories.
Requirements:
a)Calculate unit cost of product using absorption costing and variable costing.
b)Calculate the operating income using absorption costing and variable costing.

Question

Oxygen Inc.reports the following information:
  Assume that the production and prices were the same in the previous year.Assume no beginning inventories.
Requirements:
a)Calculate unit cost of product using absorption costing and variable costing.
b)Calculate the operating income using absorption costing and variable costing.

Quizplus · Accepted Answer

The Answer of Oxygen Inc.reports the following information:
  Assume that the production and prices were the same in the previous year.Assume no beginning inventories.
Requirements:
a)Calculate unit cost of product using absorption costing and variable costing.
b)Calculate the operating income using absorption costing and variable costing.

Oxygen Inc.reports the Following Information