Elison Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor $ 111 0 7,500 7,200 300 $24 $34 $ 1 $5 Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the net operating income for the month under absorption costing? $217,500 $115, 200
Elison Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor $ 111 0 7,500 7,200 300 $24 $34 $ 1 $5 Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the net operating income for the month under absorption costing? $217,500 $115, 200
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter10: Cost Analysis For Management Decision Making
Section: Chapter Questions
Problem 4P
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Question
![$5,700
$(12,000)
$14,400
$8,700](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30da02c1-a4fa-44e5-8122-811dc4853c02%2Fb51e7a1f-2adb-4081-868e-d4c21aeb8975%2Fz818msc_processed.png&w=3840&q=75)
Transcribed Image Text:$5,700
$(12,000)
$14,400
$8,700
![Elison Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
$ 111
0
7,500
7,200
300
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
What is the net operating income for the month under absorption costing?
$24
$ 34
$ 1
$5
$217,500
$115, 200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F30da02c1-a4fa-44e5-8122-811dc4853c02%2Fb51e7a1f-2adb-4081-868e-d4c21aeb8975%2Ficzfba_processed.png&w=3840&q=75)
Transcribed Image Text:Elison Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price
Units in beginning inventory
Units produced
Units sold
Units in ending inventory
$ 111
0
7,500
7,200
300
Variable costs per unit:
Direct materials
Direct labor
Variable manufacturing overhead
Variable selling and administrative expense
Fixed costs:
Fixed manufacturing overhead
Fixed selling and administrative expense
What is the net operating income for the month under absorption costing?
$24
$ 34
$ 1
$5
$217,500
$115, 200
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