At the start of its fiscal year, a company anticipated producing 300,000 units throughout the year. the annual budgeted manufacturing overhead was $150,000 for variable costs and $600,000 for fixed costs. in april, when there was a beginning inventory for finished goods of 5,000 units, the company showed an income of $40,000 using absorption costing. that same month, ending inventory for finished goods was 7,000 units. what amount would the company recognize as income for april using variable costing?

Xyz corporation has provided the following data concerning manufacturing overhead for july: actual manufacturing overhead incurred $ 69,000 manufacturing overhead applied to work in process $ 79,000 the company's cost of goods sold was $243,000 prior to closing out its manufacturing overhead account. the company closes out its manufacturing overhead account to cost of goods sold. which of the following statements is true? multiple choice manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000 manufacturing overhead was underapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $253,000 manufacturing overhead was overapplied by $10,000; cost of goods sold after closing out the manufacturing overhead account is $233,000