Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$78 Units in beginning inventory 0Units produced 8,800Units sold 8,700Units in ending inventory 100 Variable costs per unit: Direct materials$18Direct labor$10Variable manufacturing overhead$4Variable selling and administrative expense$5Fixed costs: Fixed manufacturing overhead$255,200Fixed selling and administrative expense$87,000 What is the net operating income for the month under variable costing?
A. $14,500
B. $11,300
C. $2,900
D. $17,400
Answer: A
You might also like to view...
The cash disbursements event data shows, in alphabetical order, the details of each cash payment made
Indicate whether the statement is true or false
Where the real payoff from strategic analysis of industry dynamics comes is for managers to draw some conclusions about what strategy adjustments will be needed to deal with the impacts of the driving forces. True or false? Explain.
What will be an ideal response?
Which of the following statements is true about the Sarbanes-Oxley Act of 2002?
A) It offers protection to federal employees who report illegal governmental activities. B) It seeks to eliminate the conflicts of interest that can lead to fraudulent activity. C) It prohibits persons employed by or associated with an enterprise from engaging in racketeering activity. D) It lets private citizens sue employers on behalf of the government for fraud against the government.
Elasticity of demand refers to the number of units of a product that are demanded at different prices
Indicate whether the statement is true or false