Farris Corporation, which has only one product, has provided the following data concerning Its most recent month of operations:Selling price$ 108Units in beginning inventoryUnits produced8,900Units sold8,500Units in ending inventory400Variable costs per unit:Direct materials17Direct labor$459Variable manufacturing overheadVariable selling and administrative expense59.Fixed costs:Fixed manufacturing overheadFixed selling and administrative expense$133, 500$ 8,700What is the net operating Income for the month under absorption costing?Multiple Choice$21.600$10,800$16.800$6,000 A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:Selling priceUnits in beginning inventoryUnits produced$1532,940Units sold2,900Units in ending inventoryVariable costs per unit:40Direct materials49Direct labor16Variable manufacturing overheadVariable selling and administrative expense16$17Fixed costs:Fixed manufacturing overheadFixed selling and administrative expense$97,020$40,600The total gross margin for the month under absorption costing is:Multiple Cholce$113,100O $23.200$148,700$159,500

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Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 188 Units in beginning inventory Units produced Units sold 8,900 8,500 Units in ending inventory 400 Variable costs per unit: Direct materials 17 Direct labor 59 Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $133, 500 $ 8,700 What is the net operating Income for the month under absorption costing? Multiple Cholce $21.600 $10,800 $16.800 $6,000

Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 188 Units in beginning inventory Units produced Units sold 8,900 8,500 Units in ending inventory 400 Variable costs per unit: Direct materials 17 Direct labor 59 Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $133, 500 $ 8,700 What is the net operating Income for the month under absorption costing? Multiple Cholce $21.600 $10,800 $16.800 $6,000

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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