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In: Accounting

Farris Corporation, which has only one product, has provided the following data concerning its most recent...

Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $112
Units in beginning inventory 0
Units produced 8,950
Units sold 8,550
Units in ending inventory 400
Variable costs per unit:
Direct materials $ 18
Direct labor $ 60
Variable manufacturing overhead $ 6
Variable selling and administrative expense $ 10
Fixed costs:
Fixed manufacturing overhead $134,250
Fixed selling and administrative expense $ 8,800

What is the net operating income (loss) for the month under variable costing?

Solutions

Expert Solution

Hence, net operating income is $10,850.

Calculations:

ekkarill92 answered 1 year ago
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