If someone can help me quickly I will give a thumbs up :) A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:$ 134Selling priceUnits in beginning inventoryUnits produced7,600Units sold7,300Units in ending inventory300Variable costs per unit:$ 49$ 52$ 6$ 11Direct materialsDirect laborVariable manufacturing overheadVariable selling and administrative expenseFixed costs:Fixed manufacturing overheadFixed selling and administrative expense$68,400$36,500What is the net operating income for the month under absorption costing? Multiple Choice$14,600$(20,200)$2,700$11,900

given that, number of units sold = 7300 units selling price per unit = $134 sales = 7300 * $134 =…

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 134 Selling price Units in beginning inventory Units produced 7,600 Units sold 7,300 Units in ending inventory 300 Variable costs per unit: $ 49 $ 52 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense $ 6 $ 11 Fixed costs: Fixed manufacturing overhead $68,400 Fixed selling and administrative expense $36,500 What is the net operating income for the month under absorption costing?

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: $ 134 Selling price Units in beginning inventory Units produced 7,600 Units sold 7,300 Units in ending inventory 300 Variable costs per unit: $ 49 $ 52 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense $ 6 $ 11 Fixed costs: Fixed manufacturing overhead $68,400 Fixed selling and administrative expense $36,500 What is the net operating income for the month under absorption costing?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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