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What is the net operating income for the month

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Reference no: EM131807399

Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price $116  
Units in beginning inventory 0  
Units produced 9,000  
Units sold 8,600  
Units in ending inventory 400  
Variable costs per unit:  
Direct materials $19  
Direct labor $61  
    Variable manufacturing overhead $7  
    Variable selling and administrative $11  
  Fixed costs:  
    Fixed manufacturing overhead $135,000  
    Fixed selling and administrative $8,900  

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

1. A company produces a single product. Variable production costs are $14.0 per unit and variable selling and administrative expenses are $5.0 per unit. Fixed manufacturing overhead totals $56,000 and fixed selling and administration expenses total $60,000. Assuming a beginning inventory of zero, production of 6,000 units and sales of 4,600 units, the dollar value of the ending inventory under variable costing would be:

Reference no: EM131807399

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