Bryans Corporation Has Provided the Following Data for Its Two

question 43

Multiple Choice

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

-The unit product cost under absorption costing in Year 1 is closest to:

• A) $35.00
• B) $31.00
• C) $7.00
• D) $24.00

---

Definitions:

Net Operating Income

Profit of a business after all operating expenses, excluding taxes and interest, have been deducted from total revenue.

Standard Cost Variances

The differences between actual costs incurred and the standard costs that were expected or budgeted, used for management control and analysis.

Cost of Goods Sold

Costs directly linked to the creation of goods sold by a business, encompassing materials and labor.

Raw Materials Inventory

The total cost of all the materials that are used in the production of goods but have not yet been transformed into finished products.