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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced 5.500 Units sold 5.300 Units in ending inventory 200 Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative O $2.700 $112 $45.100 O $2.600 O $13.300 $33 $37 $5 $6 What is the net operating income for the month under variable costing? $71.500 $79,500

A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced 5.500 Units sold 5.300 Units in ending inventory 200 Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative O $2.700 $112 $45.100 O $2.600 O $13.300 $33 $37 $5 $6 What is the net operating income for the month under variable costing? $71.500 $79,500

FINANCIAL ACCOUNTING
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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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced 5,500 Units sold 5,300 Units in ending inventory 200 Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $112 O $2.700 O $45.100 O $2.600 O $13.300 $33 $37 $5 $6 $71.500 $79.500 What is the net operating income for the month under variable costing?
Transcribed Image Text:A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced 5,500 Units sold 5,300 Units in ending inventory 200 Variable costs per unit: Direct materials Direct labour Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $112 O $2.700 O $45.100 O $2.600 O $13.300 $33 $37 $5 $6 $71.500 $79.500 What is the net operating income for the month under variable costing?
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