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 ................................................ 20,000 Units sold......................................................... 19,000 Selling price per unit ....................................... $100.00 Variable costs per unit: Direct materials............................................ $12.00 Direct labor................................................... $25.00 Variable manufacturing overhead ................ $3.00 Variable selling and administrative.............. $2.00 Fixed costs per year: Fixed manufacturing overhead..................... $500,000 Fixed selling and administrative .................. $600,000 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 ................................................ 20,000
Units sold......................................................... 19,000
Selling price per unit ....................................... $100.00
Variable costs per unit:
Direct materials............................................ $12.00
Direct labor................................................... $25.00
Variable manufacturing
Variable selling and administrative.............. $2.00
Fixed costs per year:
Fixed manufacturing overhead..................... $500,000
Fixed selling and administrative .................. $600,000
What was the variable costing net operating income last year?
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