Keyser Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$118 Units in beginning inventory 400Units produced 2,100Units sold 2,300Units in ending inventory 200 Variable costs per unit: Direct materials$37Direct labor$23Variable manufacturing overhead$3Variable selling and administrative expense$5Fixed costs: Fixed manufacturing overhead$73,500Fixed selling and administrative expense$29,900 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under absorption costing?
A. $7,000
B. $24,200
C. $11,600
D. $4,600
Answer: D
Business
You might also like to view...
Answer the following statements true (T) or false (F)
The Accounting Standards Board (ASB) in the UK operates along the lines of the FASB.
Business
Sellers of raw fruits and vegetables can adopt a voluntary approach when it comes to labeling requirements
Indicate whether the statement is true or false
Business
A high degree of variability in a firm's earnings before interest and taxes refers to
A) financial leverage. B) business risk. C) financial risk. D) operating leverage.
Business
A leader’s personality influences his or her preference, style and behavior.
a. true b. false
Business