Assume the following information for a company that produced and sold 10,000 units during its...
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Accounting
Assume the following information for a company that produced and sold 10,000 units during its first year of operations:
| Per Unit | Per Year | |
|---|---|---|
| Selling price | $ 200 | |
| Direct materials | $ 65 | |
| Direct labor | $ 50 | |
| Variable manufacturing overhead | $ 8 | |
| Sales commission | $ 8 | |
| Fixed manufacturing overhead | $ 300,000 |
Using variable costing, what is the companys net operating income?
Multiple Choice
-
$690,000
-
$390,000
-
$470,000
-
$370,000
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