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What the company net operating income for the year would be

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Reference no: EM132840968

Krepps Corporation produces a single product. Last year, Krepps manufactured 32,210 units and sold 26,700 units. Production costs for the year were as follows:

Direct materials $241,575

Direct labor $157,829

Variable manufacturing overhead $251,238

Fixed manufacturing overhead $418,730

Sales totaled $1,241,550 for the year, variable selling and administrative expenses totaled $138,840, and fixed selling and administrative expenses totaled $199,702. There was no beginning inventory. Assume that direct labor is a variable cost.

Problem 1: Under variable costing, the company's net operating income for the year would be:

Reference no: EM132840968

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