i Fle Edit View History Bookmarks Window Help erto mheducation.com Chapter 5 Qui

Question

i Fle Edit View History Bookmarks Window Help erto mheducation.com Chapter 5 Quiz TB MC Qu. 05-150 Kilihea Corporation produces a.. Klhen Corporation produces a single product. The company's absorption costing income statement for July follows Kithea Corporation Income Statement For the morth ended ly1 583,100 Cos of goods sold Gross marg elling and sdministrative expenses 9520040 oerating income During July. the companys varisble production cos wwere $20.50 per unit and its fned menufecturing overhed totaled $105.800 operating income under the variatle costing method for July would be: $T5.450 O a250 caps lock control option command command option

Explanation / Answer

Net operating income under variable costing = 583100-(11900*20.5)-105800-154700= $78650

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