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Fixed manufacturing overhead $144,750 Fixed selling and administrative expense $10,200 What is the net operating income for the month under absorption costing? $6,000 O $38,850 O $17,550 $11,550

Fixed manufacturing overhead $144,750 Fixed selling and administrative expense $10,200 What is the net operating income for the month under absorption costing? $6,000 O $38,850 O $17,550 $11,550

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Variable manufacturing overhead $20 Variable selling and administrative expense $ 24 Fixed costs: Fixed manufacturing overhead $144,750 Fixed selling and administrative expense $10,200 What is the net operating income for the month under absorption costing? $6,000 $38,850 O $17,550 O $11,550
Transcribed Image Text:Variable manufacturing overhead $20 Variable selling and administrative expense $ 24 Fixed costs: Fixed manufacturing overhead $144,750 Fixed selling and administrative expense $10,200 What is the net operating income for the month under absorption costing? $6,000 $38,850 O $17,550 O $11,550
Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: 8.000 Selling price Units in beginning inventory Units produced Units sold $168 O 9,650 9,250 Units in ending inventory 400 Variable costs per unit: $32 $74 $20 Variable selling and administrative expense $ 24 Fixed costs: Fixed manufacturing overhead $144,750 Fixed selling and administrative expense $10,200 mat is the net operating income for the month under absorption costing? Direct materials Direct labor Variable manufacturing overhead
Transcribed Image Text:Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: 8.000 Selling price Units in beginning inventory Units produced Units sold $168 O 9,650 9,250 Units in ending inventory 400 Variable costs per unit: $32 $74 $20 Variable selling and administrative expense $ 24 Fixed costs: Fixed manufacturing overhead $144,750 Fixed selling and administrative expense $10,200 mat is the net operating income for the month under absorption costing? Direct materials Direct labor Variable manufacturing overhead
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