Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$90 Units in beginning inventory 0Units produced 3,400Units sold 3,000Units in ending inventory 400 Variable costs per unit: Direct materials$21Direct labor$38Variable manufacturing overhead$6Variable selling and administrative expense$4Fixed costs: Fixed manufacturing overhead$54,400Fixed selling and administrative expense$3,000What is the net operating income for the month under variable costing?
A. $5,600
B. $(20,400)
C. $12,000
D. $6,400
Answer: A
You might also like to view...
In terms of the conflict resolution strategies described in Chapter 13, what is negotiation?
A. win-win B. win-lose C. lose-lose D. none of these
______ is defined as the extent to which the less powerful members of institutions and organizations within a country expect and accept that power is distributed unequally.
a. Power distance b. Uncertainty avoidance c. Individualism-Collectivism d. Masculinity-Femininity
Assume that a firm's degree of financial leverage (DFL) is 1.2. If sales this year increase by 20 percent, the firm expects a 60 percent increase in earnings per share (EPS). What is the firm's degree of operating leverage of the firm?
A. 2.5× B. 3.0× C. 1.8× D. 0.4× E. 3.6×
Discuss what is meant by the ripeness doctrine, why it is needed, when issues involve ripeness usually occur, and when a dispute is generally ripe for determination