The following data pertain to last year's operations at abc Corporation, a company that produces a single product: Units in beginning inventory........................... 0 Units produced ................................................ 5,000 Units sold......................................................... 4,000 Selling price per unit ....................................... $180.00 Variable costs per unit: Direct materials............................................ $20.00 Direct labor................................................... $30.00 Variable manufacturing overhead ................ $10.00 Variable selling and administrative.............. $20.00 Fixed costs per year: Fixed manufacturing overhead..................... $100,000 Fixed selling and administrative .................. $300,000 What was the variable costing net operating income last year?

The following data pertain to last year's operations at abc Corporation, a company that produces a single product: Units in beginning inventory........................... 0 Units produced ................................................ 5,000 Units sold......................................................... 4,000 Selling price per unit ....................................... $180.00 Variable costs per unit: Direct materials............................................ $20.00 Direct labor................................................... $30.00 Variable manufacturing overhead ................ $10.00 Variable selling and administrative.............. $20.00 Fixed costs per year: Fixed manufacturing overhead..................... $100,000 Fixed selling and administrative .................. $300,000 What was the variable costing net operating income last year?

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Description: The following data pertain to last year's operations at abc Corporation, a company that produces a single product:Units in beginning inventory........................... 0Units produced ................................................ 5,000Units sold

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter25: Departmental Accounting

Section: Chapter Questions

Problem 1CE

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