Janos Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$111 Units in beginning inventory 300Units produced 2,000Units sold 2,200Units in ending inventory 100 Variable costs per unit: Direct materials$29Direct labor$30Variable manufacturing overhead$4Variable selling and administrative expense$9Fixed costs: Fixed manufacturing overhead$34,000Fixed selling and administrative expense$39,600The 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. $8,800
B. $12,200
C. $1,700
D. $24,800
Answer: A
Business
You might also like to view...
There are four commonly used forms of institutional advertising: advocacy, pioneering, competitive, and ________.
A. sustainable B. informational C. persuasive D. philanthropic E. reminder
Business
An agent who violates his fiduciary duty loses the right to compensation
Indicate whether the statement is true or false
Business
What occurs when the same data element has different values?
A. Data governance B. Information inconsistency C. Information integrity issues D. Master data management
Business
When an alteration is fraudulently made, the party whose obligation is affected by the alteration is discharged
Indicate whether the statement is true or false
Business