A manufacturing company that produces a single product has provided the following data concerning its...
90.2K
Verified Solution
Link Copied!
Question
Accounting
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
| Selling price | $112 |
|
|
|
| Units in beginning inventory | 0 |
| Units produced | 5,500 |
| Units sold | 5,300 |
| Units in ending inventory | 200 |
|
|
|
| Variable costs per unit: |
|
| Direct materials | $33 |
| Direct labour | $37 |
| Variable manufacturing overhead | $5 |
| Variable selling and administrative | $6 |
|
|
|
| Fixed costs: |
|
| Fixed manufacturing overhead | $71,500 |
| Fixed selling and administrative | $79,500 |
What is the net operating income for the month under variable costing?
Question 8 options:
|
|
| ||
|
|
| ||
|
|
| ||
|
|
|
Next Page
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.