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What is the net operating income for the month

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Question - Ilford Company, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $ 97

Units in beginning inventory 0

Units produced 7200

units sold 6900

units in ending inventory 300

Variable costs per unit:

Direct materials $ 27

Direct labor $ 35

Variable manufacturing overhead $ 2

Variable selling and administrative $4

Fixed costs:

Fixed manufacturing overhead $ 136,800

Fixed selling and administrative $ 62,100

What is the net operating income for the month under variable costing?

$1,200

$5,700

$6,900

$(18,000)

Reference no: EM131785611

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