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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!
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Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process. How many units were completed in June?
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