SB Abe Company, which has only one product, has... Abe Company, which has only o
ID: 2504992 • Letter: S
Question
SB Abe Company, which has only one product, has...
Abe Company, which has only one product, has provided the following data concerning its most recent month of operations:
references
24.
value:
2.00 points
MC Qu. 94 What is the net operating income for the ...
What is the net operating income for the month under variable costing?
[The following information applies to the questions displayed below.]Abe Company, which has only one product, has provided the following data concerning its most recent month of operations:
Explanation / Answer
Selling Price(126*8400) 1058400 Less:COGS Beginning inventory 0 Purchases(8700*88) 765600 Goods available for sale 765600 Less:Ending inventory(300*88) 26400 Variable cost of goods sold(765600-26400) 739200 Contibution margin(1058400-739200) 319200 Less:Fixed Cost(156600+151200) 307800 Net income(319200-307800) 11400
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