The following information is available for Barnes Company for the fiscal year ended December 31: Beginning...

The following information is available for Barnes Company for the fiscal year ended December 31:


Beginning finished goods inventory in units		0
Units produced		5,000
Units sold		4,100
Sales	$	984,000
Materials cost	$	100,000
Variable conversion cost used	$	50,000
Fixed manufacturing cost	$	100,000
Indirect operating costs (fixed)	$	80,500

The variable costing operating income is: ?

Solutions

Expert Solution

Particulars	Amount($)
Sales	984000
Material cost($100000 x 4100/5000)	(82000)
Variable conversion cost ($50000 x 4100/5000)	(41000)
Fixed manufacturing cost	(100000)
Indirect operating costs	(80500)
variable costing operating income	680500

ekkarill92 answered 2 years ago

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