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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 134 Selling price Units in beginning inventory Units produced 7,600 Units sold 7,300 Units in ending inventory 300 Variable costs per unit: $ 49 $ 52 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense $ 6 $ 11 Fixed costs: Fixed manufacturing overhead $68,400 Fixed selling and administrative expense $36,500 What is the net operating income for the month under absorption costing?

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 134 Selling price Units in beginning inventory Units produced 7,600 Units sold 7,300 Units in ending inventory 300 Variable costs per unit: $ 49 $ 52 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense $ 6 $ 11 Fixed costs: Fixed manufacturing overhead $68,400 Fixed selling and administrative expense $36,500 What is the net operating income for the month under absorption costing?

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management analysis
Section: Chapter Questions
Problem 4E: On March 31, the end of the first month of operations, Barnard Inc. manufactured 15,000 units and...
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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 134 Selling price Units in beginning inventory Units produced 7,600 Units sold 7,300 Units in ending inventory 300 Variable costs per unit: $ 49 $ 52 $ 6 $ 11 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $68,400 $36,500 What is the net operating income for the month under absorption costing?
Transcribed Image Text:A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 134 Selling price Units in beginning inventory Units produced 7,600 Units sold 7,300 Units in ending inventory 300 Variable costs per unit: $ 49 $ 52 $ 6 $ 11 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $68,400 $36,500 What is the net operating income for the month under absorption costing?
Multiple Choice $14,600 $(20,200) $2,700 $11,900
Transcribed Image Text:Multiple Choice $14,600 $(20,200) $2,700 $11,900
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