In 2008 the Jetson Company Reported Net Operating Income of $160,000

question 40

Multiple Choice

In 2008 the Jetson Company reported net operating income of $160,000 using absorption costing and $146,000 using variable costing. With this information only it is known that:

• A) Units sold exceeded units produced
• B) Units produced and sold were equal
• C) There was no beginning inventory
• D) Units produced exceeded units sold

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