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$87,000What is the net operating income for the month under absorption costing?
A. $11,300
B. $14,500
C. $17,400
D. $2,900
Answer: C
You might also like to view...
Luke and John share income and losses in a 2:1 ratio after allowing for salaries to Luke of $48,000 and $60,000 to John. Net income for the partnership is $93,000 . Income should be divided as
a. Luke, $46,500; John, $46,500 b. Luke, $55,000; John, $38,000 c. Luke, $65,000; John, $28,000 d. Luke, $38,000; John, $55,000
Longitudinal data enable researchers to examine changes in the behavior of individual units and to link behavioral changes to marketing variables, such as changes in advertising, packaging, pricing, and distribution
Indicate whether the statement is true or false
If the average number of customers served per hour is two customers per hour, then the probability that the service exceeds 9 minutes for any customer is ______.
a. 74.1% b. 54.9% c. 36.8% d. 17.4%
In what ways can disabled persons benefit from the provisions of the Americans with Disabilities Act?
What will be an ideal response?