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Question - Hackney Company, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price $ 110
Units in begnning inventory 0
Units produced 4800
Units sold 4700
Units in ending inventory 100
Variable costs per unit:
Direct materials $30
Direct labor 52
Variable manufacturing overhead $ 3
Variable selling and administrative $ 7
Fixed costs:
Fixed manufacturing overhead $ 72,000
Fixed selling and administrative $ 9,400
What is the net operating income for the month under variable costing?
$4,700
$(5,300)
$1,500
$3,200
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