Hatfield Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price ............................ $123 Units in beginning inventory ............. 0 Units produced ........................... 6,400 Units sold ............................... 6,100 Units in ending inventory ................ 300 Variable costs per unit: Direct materials ....................... $45 Direct labor ........................... 30 Variable manufacturing overhead ........ 1 Variable selling and administrative .... 8 Fixed costs: Fixed manufacturing overhead ........... $140,800 Fixed selling and administrative ....... 91,500 What is the net income for the month under variable costing?
Hatfield Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price ............................ $123
Units in beginning inventory ............. 0
Units produced ........................... 6,400
Units sold ............................... 6,100
Units in ending inventory ................ 300
Variable costs per unit:
Direct materials ....................... $45
Direct labor ........................... 30
Variable manufacturing
Variable selling and administrative .... 8
Fixed costs:
Fixed manufacturing overhead ........... $140,800
Fixed selling and administrative ....... 91,500
What is the net income for the month under variable costing?
Step by step
Solved in 2 steps with 1 images
