15- Favini company, which has only one product, has provided thè linyd concernin

Question

15- Favini company, which has only one product, has provided thè linyd concerning its most recent month of operations: Selling price: $141 Units in beginning inventory: $0 Units produced: 6,200 Units sold: 5,900 Units in ending inventory: 300 Variable costs per unit: Direct materials: $40 Direct labor: $47 Variable manufacturing overhead: $4 Variable selling and administrative: $7 Fixed costs: Fixed manufacturing overhead: $167,400 Fixed selling and administrative: $82,600 What is the net operating income for the month under variable costing? A- $11,800 B- $3,700 C- $8,100 D- $(23,600)

Explanation / Answer

As per chegg guidelines we answer one question per post. But I have answered multiple questions. Kindly post remaining questions in next post Dear Student Thank you for using Chegg Please find below the answer Q15 Statementshowing Computations Paticulars Amount Sales = 5900 *141              831,900.00 Less Variable Expenses Direct materials = 5900*40              236,000.00 Direct labour = 5900*47              277,300.00 Variable manufacturing overhead = 5900*4                23,600.00 Variable selling and admin = 5900*7                41,300.00 Total Variable costs              578,200.00 Contribution Margin              253,700.00 Fixed costs :   Fixed manufacturing overhead              167,400.00 Fixed selling and admin                82,600.00 Total Fixed Costs              250,000.00 Net operating income                   3,700.00 Q32 D contribution margin/ net operating income

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