A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:What is the net operating income for the month under variable costing? a$21,600b$15,200c$8,000d$13,600 Selling price.........Units in beginning inventory.Units produced...Units sold...............Units in ending inventory..Variable costs per unit:Direct materials. ........Direct labor........Variable manufacturing overhead..Variable selling and administrative.Fixed costs:Fixed manufacturing overhead...............Fixed selling and administrative...........$14001,200800400$25$41$6$6$24,000$12,000

Variable costing: It refers to a method of deriving net income by only considering variable…

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: What is the net operating income for the month under variable costing? a $21,600 b $15,200 c $8,000 d $13,600

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: What is the net operating income for the month under variable costing? a $21,600 b $15,200 c $8,000 d $13,600

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 6MC: Which is nor needed to compute equivalent units of production? A. the percentage of completion for...

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Concept explainers

Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

Question

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

What is the net operating income for the month under variable costing?

a	$21,600
b	$15,200
c	$8,000
d	$13,600

Selling price.........
Units in beginning inventory.
Units produced...
Units sold...............
Units in ending inventory..
Variable costs per unit:
Direct materials. ........
Direct labor........
Variable manufacturing overhead..
Variable selling and administrative.
Fixed costs:
Fixed manufacturing overhead...............
Fixed selling and administrative...........
$140
0
1,200
800
400
$25
$41
$6
$6
$24,000
$12,000

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