Sales totaled $1,098,900 for the year, variable selling and administrative expenses total$115,440, and fixed selling and administrative expenses totaled $176,256. There was rbeginning inventory. Assume that direct labor is a variable cost. Under variable costing,company's net operating income for the year would be:

The Variable costing is a cost accounting method which includes only variable costs for producing…

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company's net operating income for the year would be:

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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Sales totaled $1,098,900 for the year, variable selling and administrative expenses total
$115,440, and fixed selling and administrative expenses totaled $176,256. There was r
beginning inventory. Assume that direct labor is a variable cost. Under variable costing,
company's net operating income for the year would be:

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