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Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price... $92 Units in beginning inventory. 0 Units produced 8,700 Units sold......... 8,300 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor....... Variable manufacturing overhead.... Variable selling and administrative... $13 $55 $1 $5 Fixed costs: Fixed manufacturing overhead......... Fixed selling and administrative. $130,500 $8,300 What is the net operating income for the month under absorption costing? Select one: O a. $(17,000) O b. $16,600 O c. $6,000 O d. $10,600

Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price... $92 Units in beginning inventory. 0 Units produced 8,700 Units sold......... 8,300 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor....... Variable manufacturing overhead.... Variable selling and administrative... $13 $55 $1 $5 Fixed costs: Fixed manufacturing overhead......... Fixed selling and administrative. $130,500 $8,300 What is the net operating income for the month under absorption costing? Select one: O a. $(17,000) O b. $16,600 O c. $6,000 O d. $10,600

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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Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price... $92 Units in beginning inventory. 0 Units produced 8,700 Units sold......... 8,300 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor....... Variable manufacturing overhead.... Variable selling and administrative... $13 $55 $1 $5 Fixed costs: Fixed manufacturing overhead......... Fixed selling and administrative. $130,500 $8,300 What is the net operating income for the month under absorption costing? Select one: O a. $(17,000) O b. $16,600 O c. $6,000 O d. $10,600
Transcribed Image Text:Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price... $92 Units in beginning inventory. 0 Units produced 8,700 Units sold......... 8,300 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor....... Variable manufacturing overhead.... Variable selling and administrative... $13 $55 $1 $5 Fixed costs: Fixed manufacturing overhead......... Fixed selling and administrative. $130,500 $8,300 What is the net operating income for the month under absorption costing? Select one: O a. $(17,000) O b. $16,600 O c. $6,000 O d. $10,600
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