Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. erie corporation manufactures a single product tha

Erie Corporation manufactures a single product that it sells for $35 per unit. The company...

80.2K

Verified Solution

Question

Accounting

Erie Corporation manufactures a single product that it sells for $35 per unit. The company has the following cost structure: Variable costs per unit: Production $ 8 Selling and administrative $ 5 Fixed costs per year: Production $ 82,500 Selling and administrative $ 60,000 There were no units in inventory at the beginning of the year. During the year 30,000 units were produced and 25,000 units were sold. The company's net operating income under variable costing would be:

$407,500

$421,250

$431,250

$417,500

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students

Basic Math
1.2K views

40 A mobile home loses 20 of its value every 3 years a A certain...

Statistics
1.2K views

2 I surveyed each house on the block to determine how much we are spending...

Calculus
1.2K views

Compute the given integral 1 da H

Calculus
1.2K views

48 107 9844 D how much police tape is needed to tape off the entire...

Calculus
1.2K views

Suppose h is a function such that h 3 3 h 3 3 h 3...

Calculus
1.2K views

a Make a table of the factorial function for n 1 2 3 4 5...

Accounting
1.2K views

Question 1: Return on investment (ROI), residual income (RI) Generic Motors...

Accounting
1.2K views

Jessica exercised a nonstatutory stock option on August 6, 2018. She purchased 500 share of...

Accounting
1.2K views

What is the maturity value of a $30,000,10%,90 day note receivable? Show calculation below. What...

Accounting
1.2K views

Current Attempt in Progress Presented below is information related to Sandhill Corporation for the current...

Accounting
1.2K views

Gunther Co. established a subsidiary in Mexico on January 1, 2011. The subsidiary engaged in...

Accounting
1.2K views

When the value of income elasticity of demand is greater than zero, the good is...