Question
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 | $ | 108 | |
| Units in beginning inventory | 0 | ||
| Units produced | 8,900 | ||
| Units sold | 8,500 | ||
| Units in ending inventory | 400 | ||
| Variable costs per unit: | ||
| Direct materials | $ | 17 |
| Direct labor | $ | 59 |
| Variable manufacturing overhead | $ | 5 |
| Variable selling and administrative expense | $ | 9 |
| Fixed costs: | ||
| Fixed manufacturing overhead | $ | 133,500 |
| Fixed selling and administrative expense | $ | 8,700 |
What is the net operating income (loss) for the month under variable costing?
Brewer 8e Rechecks 2018-06-22
Multiple Choice
-
$16,800
-
$(21,600)
-
$6,000
-
$10,800
Solutions
Expert Solution
Solution :
The net operating income (loss) for the month under variable costing = $ 10,800
The solution is Option 4 = $ 10,800
Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.
ekkarill92 answered 2 years agoRelated Solutions
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...
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
$
160
Units in
beginning inventory
0
Units
produced
9,550
Units sold
9,150
Units in ending
inventory
400
Variable costs
per unit:
Direct
materials
$
30
Direct
labor
$
72
Variable
manufacturing overhead
$
18
Variable selling
and administrative expense
$
22
Fixed
costs:
Fixed
manufacturing overhead
$
143,250
Fixed selling
and administrative expense
$
10,000
What is the...
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...
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
$172
Units in beginning inventory
0
Units produced
9,700
Units sold
9,300
Units in ending inventory
400
Variable costs per unit:
Direct materials
$ 33
Direct labor
$ 75
Variable manufacturing overhead
$ 21
Variable selling and administrative expense
$ 25
Fixed costs:
Fixed manufacturing overhead
$145,500
Fixed selling and administrative expense
$ 10,300
What is the net operating...
1: Farris Corporation, which has only one product, has provided the following data concerning its most...
1:
Farris Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price
$156
Units in beginning inventory
0
Units produced
9,500
Units sold
9,100
Units in ending inventory
400
Variable costs per unit:
Direct materials
$ 29
Direct labor
$ 71
Variable manufacturing overhead
$ 17
Variable selling and administrative expense
$ 21
Fixed costs:
Fixed manufacturing overhead
$142,500
Fixed selling and administrative expense
$ 9,900
What is the net...
Nelter Corporation, which has only one product, has provided the following data concerning its most recent...
Nelter Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price
$
120
Units in beginning inventory
320
Units produced
6,540
Units sold
6,260
Units in ending inventory
600
Variable costs per unit:
Direct materials
$
41
Direct labor
$
23
Variable manufacturing overhead
$
2
Variable selling and administrative expense
$
12
Fixed costs:
Fixed manufacturing overhead
$
156,960
Fixed selling and administrative expense
$
93,900
The company produces...
Maher Corporation, which has only one product, has provided the following data concerning its most recent...
Maher Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price $ 186 Units in beginning inventory 0 Units
produced 3,690 Units sold 3,120 Units in ending inventory 570
Variable costs per unit: Direct materials $ 56 Direct labor $ 52
Variable manufacturing overhead $ 8 Variable selling and
administrative expense $ 18 Fixed costs: Fixed manufacturing
overhead $ 121,770 Fixed selling and administrative $ 9,360
Required:
a. What is...
Nelter Corporation, which has only one product, has provided the following data concerning its most recent...
Nelter Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price $ 128 Units in beginning inventory 345 Units
produced 6,880 Units sold 6,830 Units in ending inventory 395
Variable costs per unit: Direct materials $ 42 Direct labor $ 23
Variable manufacturing overhead $ 3 Variable selling and
administrative expense $ 19 Fixed costs: Fixed manufacturing
overhead $ 165,120 Fixed selling and administrative expense $
95,620 The company produces...
Pacheo Corporation, which has only one product, has provided the following data concerning its most recent...
Pacheo Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price $ 108 Units in beginning inventory 955 Units produced
2,390 Units sold 3,000 Units in ending inventory 345 Variable costs
per unit: Direct materials $ 25 Direct labor $ 20 Variable
manufacturing overhead $ 1 Variable selling and administrative
expense $ 14 Fixed costs: Fixed manufacturing overhead $ 64,530
Fixed selling and administrative expense $ 9,000 The company
produces...
Pacheo Corporation, which has only one product, has provided the following data concerning its most recent...
Pacheo Corporation, which has only one product, has provided the
following data concerning its most recent month of operations:
Selling price
$
113
Units in beginning inventory
860
Units produced
2,290
Units sold
2,770
Units in ending inventory
380
Variable costs per unit:
Direct materials
$
25
Direct labor
$
18
Variable manufacturing overhead
$
2
Variable selling and administrative expense
$
21
Fixed costs:
Fixed manufacturing overhead
$
66,410
Fixed selling and administrative expense
$
5,540
The company produces...
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