FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price $ 130
Units in beginning inventory   0
Units produced   2,100
Units sold   1,900
Units in ending inventory   200
Variable costs per unit:    
Direct materials $ 41
Direct labor $ 39
Variable manufacturing overhead $ 4
Variable selling and administrative expense $ 11
Fixed costs:    
Fixed manufacturing overhead $ 52,500
Fixed selling and administrative expense $ 3,800
 

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

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