Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 126 Units in beginning inventory 0 Units produced 1,900 Units sold 1,800 Units in ending inventory 100 Variable costs per unit: Direct materials $ 49 Direct labor $ 28 Variable manufacturing overhead $ 5 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 32,300 Fixed selling and administrative expense $ 23,400 What is the net operating income for the month under variable costing
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Ответ:
$3,700
Explanation:
Units Reconciliation
Opening Stock 0
Add Production 1,900
Available for Sale 1,900
Less Sales (1,800)
Closing Stock 100
Unit Product Cost - Variable Costing
Total Cost = $ 49 + $ 28 + $ 5
= $82
Income Statement - Variable Costing
Sales $226,800
Less Cost of Sales
Opening Stock $0
Add Cost of goods manufactured ($82 x 1,900) $155,800
Less Closing Stock ($82 x 100) ($8,200) ($147,600)
Contribution $79,200
Less Expenses
Fixed manufacturing overhead ($32,300)
Variable selling and administrative expense ($ 11 x 1,800) ($19,800)
Fixed selling and administrative expense ($23,400)
Net Income $3,700
Conclusion
The net operating income for the month under variable costing is $3,700
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