Barnes Corporation expected to sell 150,000 board games during the month of November, and the...
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Accounting
Barnes Corporation expected to sell 150,000 board games during the month of November, and the companys master budget contained the following data related to the sale and production of these games:
| Revenue | $2,400,000 |
| Cost of goods sold: |
|
| Direct materials | $675,000 |
| Direct labor | $300,000 |
| Variable Overhead | $450,000 |
| Contribution Margin | $975,000 |
| Fixed overhead | $250,000 |
| Fixed selling and administration | $500,000 |
| Operating income | $225,000 |
Actual sales during November were 180,000 games. Using a flexible budget, the company expects the operating income for the month of November to be:
A) $225,000
B) $270,000
C) $420,000
D) $510,000
Please Show All Steps. Thank You.
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