what is the net operating income for the month under variable costing?
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what is the net operating income for the month under variable costing?
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- Breakaway Companys labor information for May is as follows: A. What is the actual direct labor rate per hour? B. What is the standard direct labor rate per hour? C. What was the total standard direct labor cost for May? D. What was the direct labor rate variance for May?In the variable costing income statement, how are the fixed manufacturing costs reported, and how are the fixed selling and administrative expenses reported?Summarized data for Backdraft Co. for its first year of operations are as follows: A. Prepare an income statement under absorption costing B. Prepare an income statement under variable costing
- In the variable costing income statement, how are the fixed manufacturing costs reported, and how are the fixed selling and administrative expenses reported?How much is the cost per equivalent unit for the month using Average costing? *How much is the cost per equivalent unit for the month using Average costing? How much is the cost per equivalent unit for the month using FIFO?
- Period cost for the month under the variable costing approach is: Period cost for the month under the absorption costing approach is:Compute for the net income under variable costing Without preparing an income statement, determine the absorption costing net operating income for the month.Prepare a variable costing-based income statement for each year. Explain the variation in variable costing operating income for each year based on contribution margin per unit and sales volume.
