Farris 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 Multiple Choice 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? $6,000 $17:150 $29,650 $ 136 0 $11150 9,250 8,850 400 $ 24 $ 66 $ 12 $ 16 $ 138,750 $ 9,400
Farris 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 Multiple Choice 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? $6,000 $17:150 $29,650 $ 136 0 $11150 9,250 8,850 400 $ 24 $ 66 $ 12 $ 16 $ 138,750 $ 9,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Farris 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
Multiple Choice
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?
O
$6,000
$17,150
$29,650
$ 136
0
$11,150
9,250
8,850
400
$ 24
$ 66
$ 12
$ 16
$ 138,750
$ 9,400
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