Net income under Variable costing Method

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Beginning inventory
Units produced
45,000
Units sold
40,000
Selling price per unit
Selling and administrative expenses:
Variable per unit
Fixed (per month)
$ 81
$ 2
$ 561,000
Manufacturing costs:
Direct materials cost per unit
Direct labor cost per unit
$ 15
$ 9
Variable manufacturing overhead cost per unit $2
Fixed manufacturing overhead cost (per month) $ 720,000
Net income under Variable costing Method
Transcribed Image Text:Beginning inventory Units produced 45,000 Units sold 40,000 Selling price per unit Selling and administrative expenses: Variable per unit Fixed (per month) $ 81 $ 2 $ 561,000 Manufacturing costs: Direct materials cost per unit Direct labor cost per unit $ 15 $ 9 Variable manufacturing overhead cost per unit $2 Fixed manufacturing overhead cost (per month) $ 720,000 Net income under Variable costing Method
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