SquerDeal Mfg manufactures tables and desks, which are sold in sets of 4 chairs to tables...

SquerDeal Mfg manufactures tables and desks, which are sold in sets of 4 chairs to tables to bussiness, school, and public facilities. They reported the fallowing financial information for last year: Direct Labor 20,000hrs @$15/hr, production Manager Salary $80,000, Factory Rent $60,000, Equipment Maintenance$5,000(considered a variable expense), Equipment Depreciation $25,000, Production for the year 35,000 units, Total Revenue $12,000,000, Total table and chairs set sold during the period 30,000, Operating Income under absorption costing (after non-production expenses) $5,000,000 what would Operating Income be under variable costing?

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ekkarill92 answered 11 months ago

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