Manufacturing company that produces a single product

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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:

Selling price = $112
Unit in beginning inventory = 0
Units produced = 5500
Units sold =5300
Units in ending inventory = 200

Variable costs per unit:
Direct materials = $33;

Direct labor = $37;

VMOH = $5

Variable selling and administrative = $6

Fixed costs:
FMOH = $71500; Fixed selling and administrative = $79500
What is the net operating income for the month under variable costing?

Answer is $15900
show the process!

Reference no: EM13946590

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