Siblings Company, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $131 Units in beginning inventory 0 Units produced 5,700 Units sold 5,400 Units in ending inventory 300 Variable costs per unit: Direct materials $46 Direct labor $25 Variable manufacturing overhead $6 Variable selling and administrative $7 Fixed costs: Fixed manufacturing overhead $193,800 Fixed selling and administrative $43,200 Provide the ff: a. What is the unit product cost for the month under variable costing? b. What is the net operating income for the month under variable costing?
Siblings Company, which has only one product, has provided the following
data concerning its most recent month of operations:
Selling price $131
Units in beginning inventory 0
Units produced 5,700
Units sold 5,400
Units in ending inventory 300
Variable costs per unit:
Direct materials $46
Direct labor $25
Variable manufacturing
Variable selling and administrative $7
Fixed costs:
Fixed manufacturing overhead $193,800
Fixed selling and administrative $43,200
Provide the ff:
a. What is the unit product cost for the month under variable costing?
b. What is the net operating income for the month under variable costing?
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