Wolanski Corporation has provided the following data for its most recent year of operations: Selling price per unit $ 48 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 11 Direct labor $ 5 Variable manufacturing overhead $ 5 Fixed manufacturing overhead per year $ 110,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 4 Fixed selling and administrative expense per year $ 71,000 Units in beginning inventory 0 Units produced during the year 11,000 Units sold during the year 8,000 Units in ending inventory 3,000 The net operating income (loss) under variable costing is closest to: $33,000 $3,000 $216,000 $184,000
Wolanski Corporation has provided the following data for its most recent year of operations: Selling price per unit $ 48 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials $ 11 Direct labor $ 5 Variable manufacturing overhead $ 5 Fixed manufacturing overhead per year $ 110,000 Selling and administrative expenses: Variable selling and administrative expense per unit sold $ 4 Fixed selling and administrative expense per year $ 71,000 Units in beginning inventory 0 Units produced during the year 11,000 Units sold during the year 8,000 Units in ending inventory 3,000 The net operating income (loss) under variable costing is closest to: $33,000 $3,000 $216,000 $184,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Wolanski Corporation has provided the following data for its most recent year of operations:
| Selling price per unit | $ | 48 |
| Variable manufacturing cost per unit produced: | ||
| Direct materials | $ | 11 |
| Direct labor | $ | 5 |
| Variable manufacturing |
$ | 5 |
| Fixed manufacturing overhead per year | $ | 110,000 |
| Selling and administrative expenses: | ||
| Variable selling and administrative expense per unit sold | $ | 4 |
| Fixed selling and administrative expense per year | $ | 71,000 |
| Units in beginning inventory | 0 | |
| Units produced during the year | 11,000 | |
| Units sold during the year | 8,000 | |
| Units in ending inventory | 3,000 |
The net operating income (loss) under variable costing is closest to:
|
$33,000
|
||
|
$3,000
|
||
|
$216,000
|
||
|
$184,000
|
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