Tyson Manufacturing has the following information available for 2012: Direct materials $6.00 per unit Direct labor $2.00 per unit Variable manufacturing overhead $1.50 per unit Variable selling and administrative costs $3.00 per unit Fixed manufacturing overhead $40,000 Fixed selling and administrative costs $50,000 During 2012, Tyson produced 10,000 units out of which 9,100 units were sold for
$50 each. Refer to the information provided for Tyson Manufacturing. What is the net operating income under variable costing?
A) $251,250
B) $254,850
C) $285,000
D) $291,250
A
You might also like to view...
Which of the following phrases should not be used when the auditor is qualifying the audit opinion?
a. Except for. b. Subject to. c. With the exception of. d. With the qualification of.
What problems are caused by information overload, and how are some companies dealing with it?
Which of the following depreciation methods allocates a higher amount of depreciation in earlier years than in later years?
A) the units-of-production method B) the straight-line method C) the double-declining-balance method D) the first-in, first-out method
Assume that you have $330,000 invested in a stock that is returning 11.50%, $170,000 invested in a
stock that is returning 22.75%, and $470,000 invested in a stock that is returning 10.25%. What is the expected return of your portfolio? A) 12.9% B) 14.8% C) 18.3% D) 15.6%