Reference no: EM132979160
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: 2,250
February:
Beginning Inventory: - - -
Production: 3000
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.
What would Beauty Supply Company's operating income? (loss) be for January and February, respectively, using the variable costing approach?
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