Robusta Coffee Importers produced 7200 units in October and sold 7000 units in October at...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Robusta Coffee Importers produced 7200 units in October and sold 7000 units in October at a sales price of $45 per unit. The Direct materials are $10 per unit, the Direct Labor is $2.50 per unit and the Variable MOH is $7.50 per unit. The monthly fixed Manufacturing Overhead costs are $140,000 and the monthly fixed Selling \& Administrative costs are $20,000. Using the contribution margin income statement format, what is the operating income earned in October? $175,000 $15,000 $35,000 $155,000
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
Best
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.