Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 173 Units in beginning inventory Units produced Units sold 1,450 9,350 9,450 Units in ending inventory 1,350 Variable costs per unit: Direct materials %24 39 %24 56 Direct labor 24 20 Variable manufacturing overhead Variable selling and administrative expense 24 30 Fixed costs: $ 74,800 Fixed manufacturing overhead Fixed selling and administrative expense $167,200 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under variable costing?

Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 173 Units in beginning inventory Units produced Units sold 1,450 9,350 9,450 Units in ending inventory 1,350 Variable costs per unit: Direct materials %24 39 %24 56 Direct labor 24 20 Variable manufacturing overhead Variable selling and administrative expense 24 30 Fixed costs: $ 74,800 Fixed manufacturing overhead Fixed selling and administrative expense $167,200 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under variable costing?

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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