A manufacturing company that produces a single product has provided the following data concerning i month of operations: Selling price Units in beginning inventory 130 Units produced 2,100 Units sold 1,900 Units in ending inventory Variable costs per unit: 200 Direct materials 41 Direct labor 39 Variable manufacturing overhead Variable selling and administrative expense 24 11 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $52,500 $ 3,800 What is the net operating income for the month under variable costing?
A manufacturing company that produces a single product has provided the following data concerning i month of operations: Selling price Units in beginning inventory 130 Units produced 2,100 Units sold 1,900 Units in ending inventory Variable costs per unit: 200 Direct materials 41 Direct labor 39 Variable manufacturing overhead Variable selling and administrative expense 24 11 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $52,500 $ 3,800 What is the net operating income for the month under variable costing?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter2: Basic Managerial Accounting Concepts
Section: Chapter Questions
Problem 58P: Cost of Goods Manufactured, Income Statement W. W. Phillips Company produced 4,000 leather recliners...
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