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Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 165 Units in beginning inventory Units produced 1,350 9,250 9,350 Units sold Units in ending inventory 1,250 Variable costs per unit: Direct materials %24 37 Direct labor 2$ 54 Variable manufacturing overhead Variable selling and administrative expense 24 18 24 28 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 74,000 $166,600 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 absorption costing?

Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 165 Units in beginning inventory Units produced 1,350 9,250 9,350 Units sold Units in ending inventory 1,250 Variable costs per unit: Direct materials %24 37 Direct labor 2$ 54 Variable manufacturing overhead Variable selling and administrative expense 24 18 24 28 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 74,000 $166,600 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 absorption costing?

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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What is the net operating income for the month under absorption costing? Multiple Choice $20,400 $4,900 $21,200 $32,100
Transcribed Image Text:What is the net operating income for the month under absorption costing? Multiple Choice $20,400 $4,900 $21,200 $32,100
Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 165 Units in beginning inventory Units produced 1,350 9,250 Units sold 9,350 Units in ending inventory 1,250 Variable costs per unit: Direct materials 2$ 37 Direct labor 2$ 54 Variable manufacturing overhead Variable selling and administrative expense $ 18 $ 28 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 74,000 $166,600 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 absorption costing?
Transcribed Image Text:Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 165 Units in beginning inventory Units produced 1,350 9,250 Units sold 9,350 Units in ending inventory 1,250 Variable costs per unit: Direct materials 2$ 37 Direct labor 2$ 54 Variable manufacturing overhead Variable selling and administrative expense $ 18 $ 28 Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense $ 74,000 $166,600 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 absorption costing?
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