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Question:(Account) 5-59 Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced $ 172 0 9,700 Units sold 9,300 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 33 $75 $ 21 $25 Fixed costs: Fixed manufacturing overhead $ 1,45,500 Fixed selling and administrative $ 10,300 What is the net operating income for the month under variable costing?

Question:(Account) 5-59 Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced $ 172 0 9,700 Units sold 9,300 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 33 $75 $ 21 $25 Fixed costs: Fixed manufacturing overhead $ 1,45,500 Fixed selling and administrative $ 10,300 What is the net operating income for the month under variable 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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Question:(Account) 5-59 Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced $ 172 0 9,700 Units sold 9,300 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 33 $75 $ 21 $25 Fixed costs: Fixed manufacturing overhead $ 1,45,500 Fixed selling and administrative $ 10,300 What is the net operating income for the month under variable costing?
Transcribed Image Text:Question:(Account) 5-59 Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced $ 172 0 9,700 Units sold 9,300 Units in ending inventory 400 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative $ 33 $75 $ 21 $25 Fixed costs: Fixed manufacturing overhead $ 1,45,500 Fixed selling and administrative $ 10,300 What is the net operating income for the month under variable costing?
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