Selling price $126 Units in beginning inventory 0 Units produced 3,100 Units sol

Question

    

Selling price

$126

Units in beginning inventory

0

Units produced

3,100

Units sold

3,000

Units in ending inventory

100

Variable costs per unit:

Direct materials

$22

Direct labor

43

Variable manufacturing overhead

3

Variable selling and administrative

10

Fixed costs:

Fixed manufacturing overhead

$89,900

Fixed selling and administrative

42,000

    

     What is the net income for the month under variable costing?

Selling price

$126

Units in beginning inventory

0

Units produced

3,100

Units sold

3,000

Units in ending inventory

100

Variable costs per unit:

Direct materials

$22

Direct labor

43

Variable manufacturing overhead

3

Variable selling and administrative

10

Fixed costs:

Fixed manufacturing overhead

$89,900

Fixed selling and administrative

42,000

Explanation / Answer

Ans:

B.12100

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