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What would Beauty Supply Company operating income

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Reference no: EM132974150

Question - Beauty Supply Company manufactures shampoo. The supervisor has provided the following information and stated that standard costing is used for manufacturing, marketing, and administrative costs.

January:

Beginning Inventory: 0

Production: 2,500

Sales: 2,500

February:

Beginning Inventory: ---

Production: 3,000

Sales: 3,025

Other? information:

Selling price: $20.00

Standard variable manufacturing cost/unit: $8.00

Standard variable market/admin. cost/unit: $4.00

?Standard fixed manufacturing overhead cost/month: $40,000

?Standard fixed market/admin. cost/month: $20,000

Budgeted denominator level per month (output units): 4,000

?There were no beginning or ending inventories of materials or work-in-process

Required - What would Beauty Supply Company's operating income (loss) be for January and February, respectively, using the absorption costing approach?

Reference no: EM132974150

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