YaHo, Ltd. is a manufacturer that produces a single product. Below is data concerning its most recent month of operations: Units in beginning inventory0Units produced81,450Units sold77,820Selling price per unit:$13.80Variable costs per unit: Direct materials$2.90 Direct labor$2.05 Variable manufacturing overhead$1.30 Variable selling and administrative expense$1.05Fixed costs (per month): Fixed manufacturing overhead$195,480 Fixed selling and administrative expense$218,825 Calculate net income for the month using variable costing. a.$173,236 b.$153,781 c.$115,120 d.$100,237 e.$91,525

Units produce 81,450 Units sold 77,820 Selling price per unit: $13.80…

Answered: Calculate net income for the month…

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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YaHo, Ltd. is a manufacturer that produces a single product. Below is data concerning its most recent month of operations:

Units in beginning inventory	0
Units produced	81,450
Units sold	77,820
Selling price per unit:	$13.80
Variable costs per unit:
Direct materials	$2.90
Direct labor	$2.05
Variable manufacturing overhead	$1.30
Variable selling and administrative expense	$1.05
Fixed costs (per month):
Fixed manufacturing overhead	$195,480
Fixed selling and administrative expense	$218,825

Calculate net income for the month using variable costing.

	a.	$173,236
	b.	$153,781
	c.	$115,120
	d.	$100,237
	e.	$91,525

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