What is operating income for last year

Assignment Help Accounting Basics

Reference no: EM131582825

Discussion

The HF Corporation manufactures and sells toy gyroscopes. The following data is related to sales and production of the toy gyroscopes for last year.

Selling price per unit $8.00

Variable manufacturing costs per unit $1.83

Variable selling and administrative expenses per unit $4.45

Fixed manufacturing overhead (in total) $75,000

Fixed selling and administrative expenses (in total) $80,000

Units produced during the year 500,000

Units sold during the year 150,000

Using absorption costing, what is operating income for last year?

Reference no: EM131582825

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