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Farris Corporation, which has only one product, has provided the following data concerning its most c operations: $120 O 9,050 8,650 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory 400 Variable costs per unit: Direct materials $20 $62

Farris Corporation, which has only one product, has provided the following data concerning its most c operations: $120 O 9,050 8,650 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory 400 Variable costs per unit: Direct materials $20 $62

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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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $120 0 9,050 8,650 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory 400 Variable costs per unit: Direct materials $20 Direct labor $ 62 Variable manufacturing overhead $8 le selling and administrative expense $ 12 Fixed costs: xed manufacturing overhead $135,750 selling and administrative expense $9,000 the net operating income (loss) for the month under variable costing?
Transcribed Image Text:Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: $120 0 9,050 8,650 Selling price Units in beginning inventory Units produced Units sold Units in ending inventory 400 Variable costs per unit: Direct materials $20 Direct labor $ 62 Variable manufacturing overhead $8 le selling and administrative expense $ 12 Fixed costs: xed manufacturing overhead $135,750 selling and administrative expense $9,000 the net operating income (loss) for the month under variable costing?
Units In Beginning 9,050 8,650 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead $20 $62 $8 Variable selling and administrative expense $ 12 Fixed costs: Units produced Units sold $6,000 Fixed manufacturing overhead Fixed selling and administrative expense What is the net operating income (loss) for the month under variable costing? $10,950 $(25,050) O $16,950 $135,750 $9,000
Transcribed Image Text:Units In Beginning 9,050 8,650 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead $20 $62 $8 Variable selling and administrative expense $ 12 Fixed costs: Units produced Units sold $6,000 Fixed manufacturing overhead Fixed selling and administrative expense What is the net operating income (loss) for the month under variable costing? $10,950 $(25,050) O $16,950 $135,750 $9,000
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