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
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?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
