Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 124 Units in beginning inventory 0 Units produced 9, 100 Units sold 8,700 Units in ending inventory 400 Variable costs per unit: Direct materials $ 21 Direct labor $ 63 Variable manufacturing overhead $9 Variable selling and administrative expense $ 13 Fixed costs: Fixed manufacturing overhead $ 136,500 Fixed selling and administrative expense $ 9,100 What is the net operating income for the month under absorption costing? Multiple Choice $11,000 $6,000 $17,000 $26, 200
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 124 Units in beginning inventory 0 Units produced 9, 100 Units sold 8,700 Units in ending inventory 400 Variable costs per unit: Direct materials $ 21 Direct labor $ 63 Variable manufacturing overhead $9 Variable selling and administrative expense $ 13 Fixed costs: Fixed manufacturing overhead $ 136,500 Fixed selling and administrative expense $ 9,100 What is the net operating income for the month under absorption costing? Multiple Choice $11,000 $6,000 $17,000 $26, 200
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 4E: On March 31, the end of the first month of operations, Barnard Inc. manufactured 15,000 units and...
Related questions
Question
None
![Farris Corporation, which has only one product, has provided the following data concerning its most recent month of
operations: Selling price $ 124 Units in beginning inventory 0 Units produced 9, 100 Units sold 8,700 Units in ending
inventory 400 Variable costs per unit: Direct materials $ 21 Direct labor $ 63 Variable manufacturing overhead $9
Variable selling and administrative expense $ 13 Fixed costs: Fixed manufacturing overhead $ 136,500 Fixed selling and
administrative expense $ 9,100 What is the net operating income for the month under absorption costing? Multiple
Choice $11,000 $6,000 $17,000 $26, 200](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8a4c6c2f-ea01-4288-b98a-0acd13bc5a27%2F038bee93-cceb-408b-a5c6-34b796ffe37d%2Fxgcocf_processed.png&w=3840&q=75)
Transcribed Image Text:Farris Corporation, which has only one product, has provided the following data concerning its most recent month of
operations: Selling price $ 124 Units in beginning inventory 0 Units produced 9, 100 Units sold 8,700 Units in ending
inventory 400 Variable costs per unit: Direct materials $ 21 Direct labor $ 63 Variable manufacturing overhead $9
Variable selling and administrative expense $ 13 Fixed costs: Fixed manufacturing overhead $ 136,500 Fixed selling and
administrative expense $ 9,100 What is the net operating income for the month under absorption costing? Multiple
Choice $11,000 $6,000 $17,000 $26, 200
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
![Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337912020/9781337912020_smallCoverImage.jpg)
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
![Principles of Cost Accounting](https://www.bartleby.com/isbn_cover_images/9781305087408/9781305087408_smallCoverImage.gif)
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
![Cornerstones of Cost Management (Cornerstones Ser…](https://www.bartleby.com/isbn_cover_images/9781305970663/9781305970663_smallCoverImage.gif)
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
![Financial And Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781337902663/9781337902663_smallCoverImage.jpg)
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
![Managerial Accounting: The Cornerstone of Busines…](https://www.bartleby.com/isbn_cover_images/9781337115773/9781337115773_smallCoverImage.gif)
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
![Excel Applications for Accounting Principles](https://www.bartleby.com/isbn_cover_images/9781111581565/9781111581565_smallCoverImage.gif)
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning