A company that produces a single product had a net operating income of $92,000 u

Question

A company that produces a single product had a net operating income of $92,000 using variable costing and a net operating income of $130,190 using absorption costing. The fixed manufacturing overhead was $59,670 and production was 11,700 units both this year and last year. Last year was the first year of operations. Between the beginning and the end of the year, the inventory level: (Do not round intermediate computation and round your final answer to nearest whole number.) Larance Detailing's cost formula for its materials and supplies is $2,030 per month plus $8 per vehicle. For the month of November, the company planned for activity of 98 vehicles, but the actual level of activity was 58 vehicles. The actual materials and supplies for the month was $2,760. The materials and supplies in the flexible budget for November would be closest to: The following data pertain to operations concerning the product for the last month: What is the labor efficiency variance for the month? Servo Corporation has two divisions: the East Division and the West Division. The corporation's net operating income is $89,500. The East Division's divisional segment margin is $40,100 and the West Division's divisional segment margin is $169,300. What is the amount of the common fixed expense not traceable to the individual division?

Explanation / Answer

17. $2494 , because In flexible budget, standard cost for actual unit is calculated, standard cost for 98 Vehicle is $2030 + $8 per vehicle , and for actual 58 vehicle = $2030 + $8 * 58 units =$2494

19. $120100 ,  total of segment margin of two division = $40100 + 169500 = $209600 , and net income of corporation = $89500

   non tracebale fixed cost = segment margin - net income

   = 209600 - 89500

   = $120100

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